TMR in the First Quarter with Further Growth

TMR in the First Quarter with Further Growth
TMR in the First Quarter with Further Growth
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„TMR capitalized on its intense investment strategy applied in previous years, thanks to which we keep continuously improving the standard of the products and services offered. Capital investments of EUR 144 million in the past six years justified the position of TMR as the leading and the only „Alpine style“ mountain tourism services provider in the CEE region, and they also validated higher prices of ski passes and entry tickets, which resulted in higher revenues,“ said the Group’s CEO, Bohuš Hlavatý.

During the three months ended 31 January 2013, total number of visitors in all resorts grew by 2.5% year-over-year to more than 440 thousand in spite of the fact, that Aquapark Tatralandia was closed for four weeks in November and the first half of December due to installation of new technologies and other works connected with launch of Tropical Paradise. In Jasná Nízke Tatry the visit rate increased by 8.7% to almost 208 thousand, mainly a result of the previous years’ investments in the new technologies connecting the Northern and the Southern slopes of Chopok mountain..

Considering the record visit rate in February and positive trends in the number of visitors in all the resorts in March, the management expects further growth in revenues and also profitability, which was impacted by one-off operational and marketing costs connected with launch of new facilities into operation in Jasná Nízke Tatry and Tatralandia in the first quarter.

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.