The Slovenia Times

Terme Čatež bounces back to EUR 3.7m net profit in H1


Čatež ob Savi - The group around the spa operator Terme Čatež recorded EUR 5.1 million in revenue in the first half of the year, down 9% year-on-year, while posting EUR 3.7 million in net profit, bouncing back from a EUR 3.9 million net loss. The improvement is primarily a result of the sale of the operator of Marina Portorož.

The group also reduced operating loss from the first half of 2020 by a third to EUR 2.2 million, shows a report published by Terme Čatež on Thursday.

The core company Terme Čatež meanwhile recorded a 12.6% increase in operating revenue to EUR 7.2 million despite operating two months fewer than in the first half of 2020 due to the Covid-19 epidemic measures.

Net profit amounted to EUR 2.3 million, compared to a net loss of EUR 4.2 million in the first half of last year.

The core company recorded 89,764 overnight stays in the first half of 2020, which is 22% less year-on-year, while selling 12,898 swimming pool tickets, or 69% less year-on-year.

Together with daily visitors, the spa resort in eastern Slovenia recorded 102,662 bathers, which is 34.5% less year-on-year.


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