Therme Complex, one of the largest wellness, relaxation, and entertainment centers based on thermal waters in Europe, has opened a new restaurant in The Palm area.
The company Therme Nord Bucuresti SRL, which owns and operates the aquapark in Balotesti, turned a profit in its second year of operation, with a net positive result of over 2.8 million RON recorded in 2018, following losses of approximately 20.3 million RON in 2016.
In its first year of operation, 2016, the complex recorded a turnover of over 64 million RON, but a net loss of over 20 million RON, with revenues of 85.9 million RON and expenses of 106.3 million RON.
In 2017, the company’s turnover exceeded the 100 million RON threshold, and revenues totaled 134.9 million RON, while expenses increased to 131.47 million RON. The average number of employees grew from 427 to 452.
In February 2017, the main shareholder of BSH Geothermie from Sibiu, which controls Therme Nord Bucuresti, decided to withdraw from the company and sell its stake of over 50% of the capital held in the company to the second most important shareholder, the German firm STL Beteiligungs-AG, for a sum of over 2.2 million EUR.
Frequently Asked Questions
When did Therme Bucharest become profitable?
Therme Bucharest recorded its first net profit in 2018, its second full year of operation, reaching over 2.8 million RON.
Who is the current majority owner of Therme Bucharest?
Following a transaction in 2017, the German company STL Beteiligungs-AG became the majority shareholder after purchasing a stake of over 50% from BSH Geothermie.
How did Therme’s workforce change in its early years?
The average number of employees at Therme Nord Bucuresti grew from 427 in 2016 to 452 in 2017.