Warimpex Improved Sales and Profit

Businessn.a. ♦ Published: May 24, 2012; 10:54 ♦ (Vindobona)

Warimpex reported Q1 figures today. Due to the good performance in Poland, Russia and the Czech republic, revenues soared by 18%.

Warimpex Improved Sales and Profit / Picture: © Vindobona.org

Revenues from hotel operations improved by 18 per cent in annual comparison to € 12.2m euros. This growth was primarily the result of substantially higher revenues in Ekaterinburg, Prague and Krakow.

The good overall performance of the hotels can especially be seen in the increase in the cash flow from operations from minus € 0.4m to € 1.1m, the company said. EBITDA, one of…