Earnings Report /

Valamar Riviera: Top-line doubled, operations in line with seasonality

  • 1Q is not indicative for the business operations for the year as it only make 2% of total business

  • Q1 EBITDA was down to HRK -91m due to discontinued Covid-19 state support and extra expenses for the summer season

  • In current light of events, we believe that our 2022 estimate for top-line growth of 28% should be easily achieved

Tea Pevec
Tea Pevec

Head of Research

2 May 2022
Published byInterCapital


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