Grand Hotel Bucharest SA, the company operating the former Intercontinental hotel in University Square, posted a turnover of EUR 4.55 million (noted at approximately EUR 5 million) in the first half of 2026, up 21.4% year-on-year. Despite the revenue growth, the company’s net profit dropped by 17.2% to EUR 0.57 million (reported at EUR 0.5 million), driven by an accelerated increase in operational expenses.
According to the half-year financial report submitted to the Bucharest Stock Exchange, hotel and accommodation revenue increased by 16.9% to EUR 3.03 million, while merchandise sales surged by 31.7%, reaching EUR 1.52 million. However, operating expenses rose by 33.9% to EUR 4.17 million, triggering a 34.5% decline in operating profit to EUR 0.38 million. The drop in profitability was partially mitigated by a doubling of financial income. The issuer allocated own funds toward renovating and expanding accommodation capacity, without distributing dividends in the first half of the year. On the BVB’s AeRO market, Grand Hotel Bucharest shares (RCHI) closed Tuesday’s session at EUR 0.045 per share (-0.8%), setting the market capitalization at EUR 37.32 million (valued at EUR 38 million).
Frequently Asked Questions
What caused the decline in Grand Hotel Bucharest’s net profit in H1 2026?
The 17.2% drop in net profit was driven by an accelerated 33.9% rise in operating expenses, which climbed to EUR 4.17 million and compressed operating margins.
What was Grand Hotel Bucharest’s turnover in the first half of 2026?
The company generated a turnover of EUR 4.55 million in H1 2026, representing a 21.4% increase compared to the same period of the previous year.
Did Grand Hotel Bucharest distribute dividends in H1 2026?
No, the company did not distribute dividends during the first half of the year, directing its internal funds toward the renovation and expansion of accommodation facilities.