Fact Sheet 2013
Fact sheet March 2013 (pdf 985 kB)
About TMR
TATRY MOUNTAIN RESORTS, a.s. is a mountain resorts operator in the CEE region. It is a major investor in the Tatras region with the ambition to become the biggest leisure operator in CEE by renewing the quality and service range.
Business activities are focused in three key segments – Mountains & Leisure; Hotels; and Real Estate projects. Mountains & Leisure includes mountain resorts in the High and Low Tatras offering 67 km of ski trails; aqua park Tatralandia; and complex services, such as dining, ski schools, sports shops, ski rental, and service. The acquisition of the biggest aqua park in Central Europe, Tatralandia, in 2011 was an important step in fulfilling the strategy of building an all-year tourist destination. Starting winter 2012/13, the Company also co-manages the ski resort Špindlerův Mlýn in the Czech Republic, which is leased by TMR through a joint venture at least for next 20 years. The Company also owns and leases hotels in the proximity to its resorts with a capacity of around 1768 beds. The real estate segment is mostly oriented on development, building and selling of apartments and non-residential premises. Currently, revenues from real estate come primarily from lease of lodging capacities to third parties.
The Company’s strategy is focused on large capital investments into redevelopment and enhancement of the resorts and services so that the Tatras’ destinations could be highlighted at the European level and multiply its visit rate and on cross=border expansion of operations in the CEE region.
Company Information
Segments and subsegments:
Mountain & Leisure
Mountain resorts
- Vysoké Tatry: Tatranská Lomnica, Starý Smokovec, Štrbské Pleso (co-management)
- Nízke Tatry: Jasná
Aquapark – Tatralandia
Dining
Sport Services & Stores
Hotels
Grandhotel Starý Smokovec****, Grandhotel Praha****, Wellness Hotel Grand Jasná****, Tri Studničky Hotel****, Hotel FIS Štrbské pleso***, Chalets Jasná De Luxe Záhradky****, Holiday Village Tatralandia, Hotel Srdiečko**, Hotel Slovakia, Hotel FIS
Real Estate Projects
Grand Residences Tatranská Lomnica, lease of Hotel Liptov, Hotel Ski & Fun Záhradky and Chata Kosodrevina to third parties
Top Management:
Ing. Bohuš Hlavatý – Chief Executive Officer, Chairman of the Board of Directors
Ing. Jozef Hodek – Chief Financial Officer, Board member
Average No. of Employees: 1 232 (FY 2011/2012)
Stock information (as of 21/3/2013)
Type: Ordinary
No. of Shares Outstanding: 6,707,198
Share Capital: EUR 221.3 mln
Registered Office: Demänovská dolina 72
031 01 Liptovský Mikuláš
Slovak Rep.
Ticker: TMR (Bloomberg)
ISIN: SK1120010287
Listing:
Bratislava Stock Exchange (since 30/7/2009)
Market: Parallel Listed Market
Warsaw Stock Exchange (since 15/10/2012)
Market: Main Market
Prague Stock Exchange (since 22/10/2012)
Market: Main Market
Sector: Consumer Cyclical
Index: SAX
Awards: The Most Traded Stock on Bratislava Stock Exchange for 2010, 2011
Last Dividend Paid: EUR 0.96 (record date 27/4/2012)
Dividend Policy: Stable dividend policy, providing an annual return in the form of cash dividends at 70% of Consolidated Net Profit at least till 2014.
Financial Highlights
Selected Consolidated Results
For the Year Ended October 31 | ||||||
|---|---|---|---|---|---|---|
in €'000 (except values per share) | 2011/12 (IFRS) | 2010/11 (IFRS) | Change (%) | 2011/12 adjusted* | 2010/11 adjusted* | Change yoy (%) |
Sales | 41 880 | 36 084 | 16,1% | 43 603 | 39 948 | 9,1% |
Other Operating Revenues | 1 927 | 2 674 | -27,9% | 1 927 | 0 | NA |
Total Revenues | 43 807 | 38 758 | 13,0% | 45 530 | 39 948 | 14,0% |
Cost of Sales | -6 272 | -5 397 | 16,2% | -6 721 | -5 848 | 14,9% |
Gross Profit | 37 535 | 33 361 | 12,5% | 38 809 | 34 100 | 13,8% |
Personnel and Operating Costs | -23 498 | -21 894 | 7,3% | -24 559 | -22 922 | 7,1% |
Other Gain/ Loss | -51 | 752 | -106,8% | -51 | 362 | -114,1% |
EBITDA | 13 986 | 12 219 | 14,5% | 14 198 | 11 539 | -23,0% |
EBITDA Margin | 31,9% | 31,5% | 0,4% | 31,2% | 28,9% | 2,3% |
Depreciation & Amortization | -7 763 | -8 120 | -4,4% | -8 150 | -8 502 | -4,1% |
One-off Items | -173 | -2 500 | -93,1% | -173 | -2 142 | -91,9% |
EBIT | 6 050 | 1 599 | 278,4% | 5 876 | 895 | 556,3% |
Interest Income | 3 433 | 7 556 | -54,6% | |||
Interest Expense | -538 | -518 | 3,9% | |||
Income from Financial Instruments, net | 1 527 | -1 706 | -189,5% | |||
Profit/ (loss) of Associates | -1 418 | -1 703 | -16,7% | |||
Negative Goodwill | 3 241 | 8 106 | -60,0% | |||
Pre-tax Income | 12 295 | 13 334 | -7,8% | |||
Income Tax | -2 109 | -4 307 | -51,0% | |||
Net Profit | 10 186 | 9 027 | 12,8% | |||
Net Profit Margin | 23,3% | 23,3% | 0,0% | |||
Revaluation of Assets to Fair Value | -17 | 150 | -111,3% | |||
Total Comprehensive Income | 10 169 | 9 177 | 10,8% | |||
Attributable to: | 0 | 0 | 0,0% | |||
Owners of the Company | 10 169 | 9 177 | 10,8% | |||
EPS (€) | 1,52 | 1,35 | 12,8% | |||
* For better evaluation of the operating performance, the adjusted operating results include results for the 100% share in Interhouse tatry, a.s., which owns Grandhotel Starý Smokovec. As at 31.10.2012, TMR owned a 50% share in the aforementioned company, however, in accordance with IFRS, the share was consolidated using the equity method. The 2010/11 Aquapark results cover only the period from April to October 2011.
Financial position
in €'000 | October 31 2012 | October 31 2011 |
|---|---|---|
Total Assets | 319 912 | 315 125 |
Non-current Assets | 264 407 | 213 821 |
Fixed Assets | 222 117 | 175 833 |
Other Non-current | 42 290 | 37 988 |
Current Assets | 55 505 | 101 304 |
Liquid Assets | 32 278 | 73 197 |
Other Current | 23 227 | 28 107 |
Equity | 276 416 | 272 686 |
Liabilities | 43 496 | 42 439 |
Non-current Liabilities | 26 063 | 29 413 |
Current Liabilities | 17 433 | 13 026 |
Total Debt | 16 153 | 19 071 |
Shareholder contacts
Katarína Reiszová
Shareholders' Club
e-mail: info@tmr.sk
tel.: +421 850 606 202
http://www.tmr.sk
Dominika Nemčovičová
Investor Relations
e-mail: nemcovicova@jtfg.com
tel.: +421 2 59 418 511
Miloš Vereš
Investor Relations
e-mail: veres@jtfg.com
tel.: +421 2 59 418 184
Depositaries
Centrálny depozitár cenných papierov SR, a. s.
ul. 29. augusta 1/A
814 80 Bratislava
e-mail: info@cdcp.sk
http://www.cdcp.sk
Central Securities Depository
Rybna 14
110 05 Praha 1
e-mail: cdcp@pse.cz
http://www.centraldepository.cz/