Operator Turism Covasna (stock ticker TUAA), which manages the Covasna, Cerbul, and Căprioara hotels in the spa resort located in the center of the country, reported revenues of 23.2 million RON in 2022, up 56.8% compared to the previous year’s result of 14.8 million RON.
The company announced a profit of 2.6 million RON, rebounding from a net loss of over 400 thousand RON in 2021.
TUAA shares depreciated by 1% over the last year, on a turnover of only 20 thousand RON. Controlled by Transilvania Investments Alliance, with 93% of the share capital, the company has a market value of 46.4 million RON.
Frequently Asked Questions
What hotels are included in the Turism Covasna portfolio?
The company operates three main properties: the Covasna, Cerbul, and Căprioara hotels, all located in the central Romanian spa resort of Covasna.
How did Turism Covasna’s financial performance change in 2022?
The operator saw a 56.8% increase in revenue to 23.2 million RON and successfully moved from a loss in 2021 to a 2.6 million RON profit.
Who is the majority shareholder of Turism Covasna?
The company is 93% owned by Transilvania Investments Alliance and currently has a market capitalization of 46.4 million RON.