Tatry Mountain Expects ‘Significant’ Rise in Revenue Next Year

Tatry Mountain Resorts AS, an operator of ski resorts in eastern Europe, expects a “significant” jump in revenue and profit next year helped by an increase in clients, Chairman Bohus Hlavaty said.

“The start of the winter season has been good, with the rising amount of visitors,” Hlavaty said at the presser in Bratislava today. Half season winter revenue in resorts jumped 15 percent and hotel revenue in the three months ended Jan. 30 rose 3 percent, Hlavaty said.

Liptovsky Mikulas, Slovakia-based Tatry Mountain Resorts reported today a net income for the 12 months ended Oct. 31 of 10.2 million euros ($13.5 million), up 13 percent, excluding property re-evaluations, from a year earlier. Revenue rose 13 percent to 43.8 million euros, it said in a statement today.

Tatry Mountain Resorts operates ski centers and aqua parks in Slovakia and the Czech Republic. The company, whose shares are traded on the Bratislava Stock Exchange, also listed stock in Prague and Warsaw in October. Its bid for Polish state ski lifts was rejected in January.

The company’s board will propose a dividend of 1.06 euro a share, it said.

To contact the reporters on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net; Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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