A net profit of nearly BGN 3 million registered for 2021 Albena JSCo
This website uses cookies
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You consent to our cookies if you continue to use our website.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
DenumireFurnizorScopExpirareTip
CookieConsenthttps://albena.bg/Stores the user`s cookie consent state for the current domain1 yearHTTP
PHPSESSIDhttps://albena.bg/Preserves user session state across page requests.29 daysHTTP
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
DenumireFurnizorScopExpirareTip
collectgoogle-analytics.comUsed to send data to Google Analytics about the visitor`s device and behaviour. Tracks the visitor across devices and marketing channels.SessionPixel
_gahttps://albena.bg/Registers a unique ID that is used to generate statistical data on how the visitor uses the website.2 yearsHTTP
_gathttps://albena.bg/Used by Google Analytics to throttle request rateSessionHTTP
_gidhttps://albena.bg/Registers a unique ID that is used to generate statistical data on how the visitor uses the website.SessionHTTP
APISID, HSID, PREF, SAPISID, SID, SSIDgoogle.comCollects information about user interactions with Google services such as Google Maps, Google Calendar, Google+, etc.2 yearsHTTP
NIDgoogle.comCollects information about user interactions with Google services such as Google Maps, Google Calendar, Google+, etc.6 monthsHTTP
Cookies are small text files that can be used by websites to make a user`s experience more efficient.

The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.

This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.

You can at any time change or withdraw your consent from the Cookie Declaration on our website.

Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.

A net profit of nearly BGN 3 million for 2021 in Albena JSCo

arrowBack to News
0 Reactions
x
personal info
privacy agreement
Next
x
Book

Net profit of BGN 2,922,000 is reported for 2021 by Albena JSCo. Company has realized revenues from main activity in the amount of BGN 51,892,000. The company's assets amount to BGN 592,510,000 and the equity is BGN 480,601,000. Today the General Meeting of Shareholders voted to pay an annual dividend of BGN 0.1 per share. The funds will be distributed after a two-year break in the dividend policy adopted back in time. The decision comes at a time when the tourism business is restoring by the three-year COVID crisis, but military action in Ukraine has lowered expectations for overnight stays in 2022 to approximately 70% of the pre-epidemic 2019.

The management of Albena JSCo also registered the dynamics in terms of the proportional distribution of the markets generating income from the main activity. Interest in the Resort from Eastern European countries is relatively stable, generating about 40% of total sales (37% for Romania and 3% for all the others). Among the first places in statistics remains the domestic market with 35%. A recovery of 2% marks another main market for Albena, such as Germany, which in 2021 has 11% ( 9% in 2020 and 19% in 2019). Growth to 4% is observed among tourists from France, and these from the Benelux are relatively constant by 1%. In the year before the war in Ukraine, holders of Russian passports were 8% of those who came for a vacation at the resort.

Despite the remaining turbulence and unpredictability in the market, Albena JSCo is realizing its investment intentions set in the plan for 2021. On June 17 this year opened the completely renovated 5-stars Amelia Hotel, dedicated to Amelia Earhart - the first female pilot flew across the Atlantic Ocean. It is the latest addition to the Deluxe & Lifestyle group, realized together with the French design bureau Borella. Along with it, the completely new concept for Luxury Ultra All Inclusive program was launched, offering top experiences for the guests.

The investments set in 2017 in the Sustainable Development Strategy continue. Solar power plants with a total peak power of 1500 kWh are in operation, distributed on the roofs of 12 hotels in the complex. The investment amounts to nearly BGN 2.5 million. The generated energy is entirely for own needs. Between 2,000 and 2,500 MWh will be saved annually. At current prices, this will lead to savings of over BGN 1 million per year. This is the second such investment since the INVADE project, funded by the European Commission's Horizon 2020 program, in which a 30 kWh solar power plant and an energy storage battery are installed in the Flamingo Grand Hotel & SPA 5 *.

Some of the subsidiaries of Albena JSCo also show positive financial results. Profit in the amount of BGN 311,000 is reported by the official tour operator of the resort Albena Tour. The company for production of renewable energy from biodegradable waste Perpetuum Mobile BG has generated a positive financial result of BGN 311,000, and the company for construction, management and logistics services of real estate Tihiyat kyt has a profit of 247,000 BGN

The short-term plans of Albena JSCo foresee the transfer of the 4-stars Ralitsa Superior Hotel under the Calimera brand. The company's partnership with the German DER Touristik, part of the Cologne-based REWE Group, will ensure both the exclusive performance of the hotel in the marketing communications of the German tour operator and the implementation and enforcement of state-of-the-art quality standards. The concept foresee the hotel's orientation towards the "family tourism" segment, with an emphasis on active animation, entertainment and culinary experiences. Hotels under the Calimera brand operate in Egypt, Greece, Spain, Tunisia and Turkey. In the long run, the management plans to expand the opportunities for camping and caravanning in the complex, active marketing in the AIRBNB segment, construction of a modern seawater pool, renovation and reconstruction of hotels, new pedestrian zone along the coast and investment in sustainable tourism product.

Similar articles
Get the latest news and offers delivered straight to your inbox
Subscribe