Resolutions of TMR’s Annual General Meeting 2018

Resolutions of TMR’s Annual General Meeting 2018
Resolutions of TMR’s Annual General Meeting 2018
Stiahnuť PDF

TMR shareholders inter alia approved Individual financial statements and the distribution of profit for last year 2016/17 in the amount of EUR 9.223 mil. in such a way that 10% will be used to replenish the reserve fund and the remainder in the amount of EUR 8,300 mil. will remain in the Company as retained earnings. KPMG Slovensko spol. s.r.o. was reelected as TMR’s auditor. Also, shareholders adopted changes in the Articles of Association, reelected a Supervisory Board member, Pavol Mikušiak, whose prior term had expired, and they dismissed members of the Audit Committee.  

As part of the Business plan for the current financial year the Board of Directors presented a financial plan with annual consolidated revenues of EUR 105.0 mil., equal to a 9.5% increase year-over-year.  Earnings before interest, taxes, depreciation, and amortization (EBITDA) are planned for EUR 33.5 mil., a 6.3% increase compared to last year’s EBITDA. 

As for the investment strategy, TMR will be focusing on the Polish as well as domestic operations. The modernization of the Polish Szczyrk resort will continue with the second phase upon obtaining necessary permits. Capital expenditures will flow also to Legendia – Silesian Amusement Park (Śląskie Wesołe Miasteczko) and to broaden and enhance service quality in the Slovak resorts. 

For more information, including the AGM minutes, please visit The minutes will be published no later than 15 days.  

Tatry mountain resorts, a.s. (TMR) is the leader in tourism in Central and Eastern Europe; it owns and operates attractive mountain resorts, amusement parks, restaurant facilities, sports services, shops and hotels. In the Low Tatras TMR owns and operates the resort Jasná Nízke Tatry and hotels Wellness hotel Grand Jasná, Boutique Hotel Tri Studničky, Chalets Jasná De Luxe, Hotel Srdiečko, and Hotel Rotunda. TMR is also the owner of Aquapark Tatralandia, the largest Slovak aquapark with year-round operation, which besides water entertainment includes Tropical Paradise, a special tropical indoor hall with sea water, as well as Fun Park, and accommodation in bungalows and apartments of Holiday Village Tatralandia. In the High Tatras TMR owns and operates the resort Vysoké Tatry with mountain areas of Tatranská Lomnica, Starý Smokovec, and Štrbské Pleso, which TMR co-manages. In the High Tatras TMR also owns hotels Grandhotel Praha Tatranská Lomnica, Grandhotel Starý Smokovec, Hotel FIS Štrbské Pleso and Mountain hotel Hrebienok. TMR also owns a 9.5 % share in Melida, a.s., which leases and operates the resort Špindlerův Mlýn in the Czech Republic. TMR also leases and operates the ski resort Ještěd. In Poland TMR owns a 97% share in the mountain resort Szczyrkowski Ośrodek Narciarski S.A. (SON), a 75% share in a company that owns and operates Silesian Amusement Park (Śląskie Wesołe Miasteczko) and a 7.3% share in an amusementeducational project via the Polish company Korona Ziemi Sp. z.o.o. TMR also owns and leases hotels Slovakia, Kosodrevina, Liptov and Ski&Fun Záhradky a Bungalovy to third parties. By the end of 2017 EUR 300 mil. had been invested into development and modernisation of TMR’s resorts. TMR shares are traded on three European stock exchanges – in Bratislava, Prague, and Warsaw.