TMR Reports Revenues of EUR 43.2 Million for Nine Months

TMR Reports Revenues of EUR 43.2 Million for Nine Months
TMR Reports Revenues of EUR 43.2 Million for Nine Months
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Thanks to a successful winter season 2012/13 and a strong first part of the summer season 2013 the Slovak leader in tourism, TMR, today reported growth in revenues and EBITDA (Earnings before interest, taxes, depreciation and amortization) for nine months of the 2012/13 financial year. Total revenues increased year-over-year by 28.3% to EUR 43.2 mil., of which revenues for the third quarter increased to EUR 10.7 mil. (+28.5%). TMR recorded double-digit percentage improvement in both main segments, as well as in subsegments. EBITDA for the last nine months improved by 41.6% to EUR 14.7 mil., whereas EBITDA for the third quarter reached EUR 2.5 mil. (+2.8%),

The number of visitors in the TMR mountain resorts increased to 1.241 million (+12.7%) in comparing with the same nine months last year, especially Jasná welcomed 29% more visitors, while Aquapark Tatralandia was visited by 432 thousand people as opposed to 404 thousand last year. The results of the hotels from TMR’s portfolio were boosted mainly by average daily rate per room, which was on average 19% higher.

“A relatively strong and long winter season 2012/13 contributed to our positive results and helped us confirm our position of the leader in Slovakia’s mountain tourism. We capitalized mainly on the completed investments into development of our resorts and hotels from prior years, which transferred us to a different quality level, comparable to alpine resorts. The project of interconnecting the north and south side of the Chopok Mountain in the Jasná Nízke Tatry with three new cableways was the key investment, which significantly increased the resort’s capacity, attractiveness, and possibilities. In the third quarter we used to our benefit a stable visit rate in our resorts during the months of June and July and growing client spending in the resorts”, Bohuš Hlavatý, chairman of the Board of Directors and TMR’s CEO, commented on the results.

The TMR shares, which are traded on the Bratislava Stock Exchange, the Warsaw Stock Exchange, and the Prague Stock Exchange, reported an 8.5% one-year return and a dividend yield of 2.3% as of the release date of the 3Q Report.

Further details on the nine-month results are available at

Tatry mountain resorts, a.s. is the top player in the tourism segment in Central and Eastern Europe, which itself or via subsidiaries owns and operates attractive mountain resorts and hotels in the area of the Low and High Tatras. The assets in the Low Tatras include the resort Jasná Nízke Tatry and the following hotels: Wellness hotel Grand Jasná, Tri Studničky Hotel and Chalets Záhradky De Luxe. In the High Tatras, TMR owns and operates resorts Tatranská Lomnica, Starý Smokovec and the following hotels: Grandhotel Praha Tatranská Lomnica and Grandhotel Starý Smokovec, Hotel Slovakia and hotel FIS Štrbské Pleso. TMR also co‐operates the ski area Štrbské Pleso and since the winter season 2012/2013 it has been leasing the mountain resort Špindlerův Mlýn in the Czech Republic in cooperation with SMMR, a.s. TMR owns Tatralandia, the largest Slovak aquapark with all-year operation, which offers a lot of water activities, the Fun Park, or relax in a special tropical hall with sea water. It also offers accommodation in bungalows and suites of the Holiday Village Tatralandia. TMR owns and leases out Hotel Liptov and Hotel Ski&Fun Záhradky and Bungalows, and Kosodrevina Lodge. More than 144 million Euros have been invested by the end of 2012 in the already mentioned resorts. These investments help to increase the standard and visit rate in the Tatras. The TMR shares have been traded on three European stock exchanges – in Bratislava, Prague and Warsaw since 2012.