Equity Analysis /

Valamar Riviera: Sun is shining and the weather is sweet; Strong Buy

  • We expect this year’s bottom line to be positive at HRK 74m due to strong 3Q and summer season results.

  • Fast recovery of demand to pre-pandemic times due to high share of premium hotel and camping capacity reachable by car.

  • Stronger capex from 2023 onwards and opening of premium flagship Hotel Pinea in 2024 is expected to grow sales further.

Tea Pevec
Tea Pevec

Head of Research

26 October 2021
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