​Their seasonally weak and unindicative quarter is additionally influenced by recent acquisitions and one-time MICE event revenues booked in 1Q16. All in all we do not see a reason to change our assumptions and consequently valuations and investors will need to wait for 2Q to see how strong remains their growth dynamic. Consequently also target price and recommendation remains unchanged.
​Valamar Riviera is one of the biggest tourism companies in Croatia. Its Adriatic tourism portfolio includes 24 hotels, 12 camps, 9 apartment villages and 2 hostels which can together accommodate 48,000 guests. Valamar is active in some of the most prestigious holiday destinations along the Adriatic coast: Dubrovnik, island of Krk and in Istria.
​Valamar Riviera is one of the biggest tourism companies in Croatia. Its Adriatic tourism portfolio includes 24 hotels, 12 camps, 9 apartment villages and 2 hostels which can together accommodate 48,000 guests. Valamar is active in some of the most prestigious holiday destinations along the Adriatic coast: Dubrovnik, island of Krk and in Istria.
Valamar Riviera is one of the biggest tourism companies in Croatia. Its Adriatic tourism portfolio includes 24 hotels, 12 camps, 9 apartment villages and 2 hostels which can together accommodate 48,000 guests. Valamar is active in some of the most prestigious holiday destinations along the Adriatic coast: Dubrovnik, island of Krk and in Istria.
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