Riviera Porec d.d.

  • TickerRIVP-R-A
  • ISINHRRIVPRA0000
  • ExchangeZagreb Stock Exchange
  • SectorTravel & Leisure
  • CountryCroatia
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera D.D.: 1 director

A director at Valamar Riviera D.D. bought 13,618 shares at 29.436HRK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Tea Pevec
  • Tea Pevec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera: Improvement in Q2 Expected

In Q2 of 2021 tourist activity in Croatia picked up, evidenced by increase in arrivals of as much as 117% and an increase in tourist nights by 83% YoY. Increase in vaccination rates in Croatia’s tourism inbound countries and subsiding in number of daily Covid-19 confirmed cases resulted in opening of economies and rise in travels. These positive market conditions affected the operations of Valamar in H1 2021 and operating revenue more than doubled to HRK 266.4m. So in H1 of 2021, Croatian tou...

Silvija Kranjec
  • Silvija Kranjec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera Q2 21 - Outperformance vs. estimates on all P&L levels

Strong set of operating results in Q2 21, higher than expected profitability Net debt declined to HRK 2.75 bn (-5.8% qoq) Net debt/T12M EBITDA ratio declined to 11.7x (compared to 17x at the end of Q1 21) We rate the published results as positive for the share price development

Tea Pevec
  • Tea Pevec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera: Q1 21 – Cost management leads to an improved quarter

In Q1 of 2021, Croatian tourism observed a decrease in arrivals by as much as 44.7% and a decrease in tourist nights by 39.2%, as a result of the ongoing Covid-19 situation. Such a market condition affected the operations of Valamar, which noted a decrease in operating revenue of 32.9% to HRK 30.2m. We note that the drop could be attributed to the fact that the Group operated „normally“ for the majority of Q1 2020 (prior to the outbreak of the pandemic). However, as Q1 does not play a signifi...

Silvija Kranjec
  • Silvija Kranjec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera Q1 21 - Top line above expectations, EBITDA in line wi...

Top line surpassed our expectations by a wide margin Q1 21 EBITDA in line with RBIe Net debt above HRK 2.9 bn (+2.6% qoq) Net debt/T12M EBITDA ratio declined to 17x (compared to 27.6x at the YE 20) We rate the published results as positive for the share price development

RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera D.D.: 1 director

A director at Valamar Riviera D.D. bought 13,618 shares at 29.436HRK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Tea Pevec
  • Tea Pevec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera: Improvement in Q2 Expected

In Q2 of 2021 tourist activity in Croatia picked up, evidenced by increase in arrivals of as much as 117% and an increase in tourist nights by 83% YoY. Increase in vaccination rates in Croatia’s tourism inbound countries and subsiding in number of daily Covid-19 confirmed cases resulted in opening of economies and rise in travels. These positive market conditions affected the operations of Valamar in H1 2021 and operating revenue more than doubled to HRK 266.4m. So in H1 of 2021, Croatian tou...

Silvija Kranjec
  • Silvija Kranjec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera Q2 21 - Outperformance vs. estimates on all P&L levels

Strong set of operating results in Q2 21, higher than expected profitability Net debt declined to HRK 2.75 bn (-5.8% qoq) Net debt/T12M EBITDA ratio declined to 11.7x (compared to 17x at the end of Q1 21) We rate the published results as positive for the share price development

Tea Pevec
  • Tea Pevec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera: Q1 21 – Cost management leads to an improved quarter

In Q1 of 2021, Croatian tourism observed a decrease in arrivals by as much as 44.7% and a decrease in tourist nights by 39.2%, as a result of the ongoing Covid-19 situation. Such a market condition affected the operations of Valamar, which noted a decrease in operating revenue of 32.9% to HRK 30.2m. We note that the drop could be attributed to the fact that the Group operated „normally“ for the majority of Q1 2020 (prior to the outbreak of the pandemic). However, as Q1 does not play a signifi...

Silvija Kranjec
  • Silvija Kranjec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera Q1 21 - Top line above expectations, EBITDA in line wi...

Top line surpassed our expectations by a wide margin Q1 21 EBITDA in line with RBIe Net debt above HRK 2.9 bn (+2.6% qoq) Net debt/T12M EBITDA ratio declined to 17x (compared to 27.6x at the YE 20) We rate the published results as positive for the share price development

RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera D.D.: 1 director

A director at Valamar Riviera D.D. bought 13,618 shares at 29.436HRK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Tea Pevec
  • Tea Pevec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera: Improvement in Q2 Expected

In Q2 of 2021 tourist activity in Croatia picked up, evidenced by increase in arrivals of as much as 117% and an increase in tourist nights by 83% YoY. Increase in vaccination rates in Croatia’s tourism inbound countries and subsiding in number of daily Covid-19 confirmed cases resulted in opening of economies and rise in travels. These positive market conditions affected the operations of Valamar in H1 2021 and operating revenue more than doubled to HRK 266.4m. So in H1 of 2021, Croatian tou...

Silvija Kranjec
  • Silvija Kranjec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera Q2 21 - Outperformance vs. estimates on all P&L levels

Strong set of operating results in Q2 21, higher than expected profitability Net debt declined to HRK 2.75 bn (-5.8% qoq) Net debt/T12M EBITDA ratio declined to 11.7x (compared to 17x at the end of Q1 21) We rate the published results as positive for the share price development

Tea Pevec
  • Tea Pevec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera: Q1 21 – Cost management leads to an improved quarter

In Q1 of 2021, Croatian tourism observed a decrease in arrivals by as much as 44.7% and a decrease in tourist nights by 39.2%, as a result of the ongoing Covid-19 situation. Such a market condition affected the operations of Valamar, which noted a decrease in operating revenue of 32.9% to HRK 30.2m. We note that the drop could be attributed to the fact that the Group operated „normally“ for the majority of Q1 2020 (prior to the outbreak of the pandemic). However, as Q1 does not play a signifi...

Silvija Kranjec
  • Silvija Kranjec
RIVP-R-A Riviera Porec d... (Travel & Leisure)

Valamar Riviera Q1 21 - Top line above expectations, EBITDA in line wi...

Top line surpassed our expectations by a wide margin Q1 21 EBITDA in line with RBIe Net debt above HRK 2.9 bn (+2.6% qoq) Net debt/T12M EBITDA ratio declined to 17x (compared to 27.6x at the YE 20) We rate the published results as positive for the share price development

ResearchPool Subscriptions

Get the most out of your insights

Get in touch