Valamar Riviera d.d., the leading Croatian tourism company, expects consolidated business revenue growth in the range of 1.290 billion kuna to 1.300 billion kuna for the business year 2015, representing an increase of approximately 18% compared to 2014.
Expected EBITDA (operating profit adjusted for extraordinary income and expenses and one-time items) for the business year 2015 is projected to be in the range of 420 million kuna to 425 million kuna što represents an increase of 136 to 141 million kuna compared to 2014, resulting in an EBITDA margin of 32% to 33%.
The increase in expected consolidated business revenue and operating profit is a direct result of improved performance of tourist facilities during the New Year holidays and achieved savings in operating costs in the fourth quarter of 2015. Additionally, these results have exceeded the expected consolidated business revenue and operating profit (EBITDA) levels announced in the results of the third quarter of 2015.
