Annual report 2005 - Sava dd
Annual report 2005 - Sava dd
Annual report 2005 - Sava dd
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7 9 |<br />
<strong>Sava</strong> Hotels&Resorts Bled<br />
The company Golf in Kamp Bled d.d. made net sales<br />
revenues of €2.9 million, or 6 per cent more than last<br />
year, and created a net profit of €0.13 million, which<br />
was significant progress in comparison with last year.<br />
The company continued to win new markets and<br />
provide quality services oriented to meeting top-class<br />
standards as set for the tourism industry in Europe. In<br />
order to implement this goal, it has drafted<br />
documentation for the renovation of King’s golf course,<br />
and a project to extend it with another nine holes is<br />
underway.<br />
The company Grand Hotel Toplice d.o.o. generated<br />
sales revenues of €6.0 million, or 4 per cent more than<br />
last year, and concluded the year with a loss of €0.2<br />
million.<br />
All business goals of the company were not<br />
implemented in full, since tourist movements for the<br />
company, which offers top-quality hotel services in the<br />
region, were unfavourable. The already implemented<br />
restructuring programme and projects in progress will<br />
improve future results.<br />
| b u s i n e s s a n a l y s i s |<br />
The company G&P Hoteli Bled d.o.o. created net sales<br />
revenues of €10.1 million, or 10 per cent more than last<br />
year. It generated a net profit of €0.8 million, or 11 per<br />
cent more than in the same period last year.<br />
Good business results are due to the renovation of hotel<br />
capacity, introduction of new products and acquisition<br />
of congress facilities. Brisk investment operations will<br />
continue in 2006, assuring further business growth.<br />
Pannonian Spas<br />
The company Terme 3000 d.d. created net sales<br />
revenues of €15.6 million, which is one per cent less<br />
than last year and generated a net profit of €1.2 million,<br />
or 19 per cent less than in the same period last year.<br />
The planned disruptions in operations due to extensive<br />
investment and, consequently, a decrease in overnight<br />
stays slightly deteriorated company business in<br />
comparison with last year. For 2006 a significant<br />
increase in all business indicators is planned.<br />
The company Terme Radenci d.o.o. created net sales<br />
revenues of €12.5 million, or 3 per cent less than last<br />
year and operated with a loss of €2.2 million, the reason<br />
being a revaluation of buildings.
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