Record numbers for Tatry
BRATISLAVA (24 January 2012) - Tatry mountain resorts, a.s. (TMR) reported record consolidated profit of €9.2 m (€1.37 per share) for the fiscal year 2010/2011; a 60% increase YOY.
“Last year’s success was significantly influenced by the acquisition of Aquapark Tatralandia, investments into ski lifts, artificial snow machines, hotel renovations, development of services and attractions in the water park along with a strong marketing campaign,” said Bohuš Hlavatý, the Chairman of the Board of TMR. “In the fiscal year 2010/2011, we invested more than €29 m, which together with investments from previous years have started bearing fruit in the form of record profits and, naturally, an increase in the number of satisfied clients,” added Hlavatý.
Operational revenues of the company increased in the fiscal year 2010/2011 YOY by 53% to almost €40 m. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €11.5 m, which represents an increase of nearly 73% YOY. The like for like increase in revenues without the influence of Tatralandia amounted to 24% or €32 m. The like for like EBITDA was up 17% to €7.8 m. The number of TMR visitors increased by 63% to 1.7 million, out of which almost 440,000 visited Tatralandia.
The hotels segment reported the highest increase in profit at 78% with EBITDA in the amount of €2.8 m. The operational profit of the mountains and Aquapark segment increased by 77% with EBITDA in the amount of €8.8 m.
Successful investments of the previous year, under the “New Era of Tatras” strategy, resulted in a record start of the new winter season 2011/2012. The number of skiers in the High Tatras increased notably YOY by almost 17% to a total of 65,000. The visitors’ rate at the Jasná Nízke Tatry resort increased 6% YOY to over 185,000 skiers. In the months of November and December 2011, the total number of TMR’s mountain resorts’ visitors increased 9% YOY to 250,000.
With total assets of almost €315 m and share capital of €252 m, TMR is the biggest company in the tourism industry in Slovakia. The Company is listed on the Bratislava Stock Exchange and it was the most traded security in the previous year. At the current price of €43.08 per share, the dividend has amounted to over 7.2% over the past 12 months.
J&T BANKA owns 13,46% of shares. Owners’ structure of TATRY MOUNTAIN RESORTS you can find here.