TMR grew 24% for first nine months of 2014/15

TMR grew 24% for first nine months of 2014/15
TMR grew 24% for first nine months of 2014/15
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TMR released its interim results for nine months and for the third quarter of the financial year 2014/15. Total revenues for nine months increased 23.8% to EUR 53.4 mil., whilst revenues for the third quarter were up 24.8% totaling EUR 12.9 mil. EBITDA (earnings before interest, taxes, depreciation and amortization) improved year-over-year 40.5% for the nine months and 46.1% for the third quarter.

“We achieved these positive results for the first nine months of the year thanks to the successful winter and summer season in comparing to the previous, historically extremely unfavorable winter and last year’s cold summer. Also thanks to temperatures low enough for snowmaking and thanks to abundant snowfall, this past winter season continued well beyond Easter, nearly till half May. The results were boosted also by the Polish SON resort, which had a debut in the past season under our management, and from May by Silesian Amusement Park. In the third quarter we mainly optimized the operations of our resorts, aquapark, and hotels, which resulted in an EBITDA increase of 46.1% for the third quarter,” Bohuš Hlavatý, TMR’s Chairman of the Board of Directors and CEO, commented on the results.

The number of visitors in all TMR’s mountain resorts reached 1.5 million for the nine months, whereas only the Tatra resorts, Vysoké Tatry and Jasná Nízke Tatry, were visited by 19.4% more visitors than last year. For the third quarter the Tatra resorts were visited by 295 thousand tourists, a 13.8% increase. The Polish resort Szczyrkowski Ośrodek Narciarski (SON) was closed during the summer. Aquapark Tatralandia welcomed 10% more guests for the nine months, whereas 221 thousand visitors came in the third quarter. 63 thousand visitors visited Silesian Amusement Park since May.

The average occupancy of TMR’s portfolio hotels for the nine months improved year-over-year by 3.9 percentage points and by 0.4 percentage points for the third quarter. The average daily rate per room (ADR) for the nine months increased 3.9% year-over-year, whereas it fell 5.7% for the third quarter.

More detailed information on the interim results is available at

Tatry mountain resorts, a.s. (TMR) is the leader in tourism in Central and Eastern Europe; it owns and operates attractive mountain resorts 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, and Hotel FIS Štrbské Pleso. TMR also owns a 19% share in Melida, a.s., which leases and operates the resort Špindlerův Mlýn in the Czech Republic. In Poland TMR owns a 97% share in the mountain resort Szczyrkowski Ośrodek Narciarski S.A. (SON) and a 75% share in a company that owns and operates Silesian Amusement Park (Śląskie Wesołe Miasteczko). TMR also owns and leases hotels Slovakia, Kosodrevina, Liptov and Ski&Fun Záhradky a Bungalovy to third parties. By the end of
2014 nearly EUR 200 mil. had been invested into development and modernization of TMR’s resorts. TMR shares are traded on three European stock exchanges – in Bratislava, Prague, and Warsaw.