By Helgi Library - April 2, 2020
Danubius Hotel and Spa's total assets reached HUF 90,524 mil at the end of 2014, up 4.5% compared to the previous year. ...
By Helgi Library - April 2, 2020
Danubius Hotel and Spa's total assets reached HUF 90,524 mil at the end of 2014, up 4.5% compared to the previous year. ...
| Profit Statement | 2012 | 2013 | 2014 | |
| Sales | HUF mil | 46,417 | 50,078 | 52,332 |
| Gross Profit | HUF mil | 25,957 | 29,757 | 31,659 |
| EBITDA | HUF mil | 6,382 | 8,004 | 8,916 |
| EBIT | HUF mil | 1,806 | 3,220 | 3,952 |
| Financing Cost | HUF mil | -165 | 1,249 | 1,772 |
| Pre-Tax Profit | HUF mil | 1,971 | 1,971 | 2,180 |
| Net Profit | HUF mil | 1,381 | 1,430 | 1,566 |
| Dividends | HUF mil | 0 | 0 | ... |
| Balance Sheet | 2012 | 2013 | 2014 | |
| Total Assets | HUF mil | 85,950 | 86,629 | 90,524 |
| Non-Current Assets | HUF mil | 79,683 | 79,684 | 82,351 |
| Current Assets | HUF mil | 6,267 | 6,945 | 8,173 |
| Working Capital | HUF mil | -1,181 | -889 | -778 |
| Shareholders' Equity | HUF mil | 53,325 | 51,428 | 54,606 |
| Liabilities | HUF mil | 32,625 | 35,201 | 35,918 |
| Total Debt | HUF mil | 21,980 | 20,977 | 20,863 |
| Net Debt | HUF mil | 19,095 | 17,421 | 16,252 |
| Ratios | 2012 | 2013 | 2014 | |
| ROE | % | 2.58 | 2.73 | 2.95 |
| ROCE | % | 1.71 | 1.82 | 1.95 |
| Gross Margin | % | 55.9 | 59.4 | 60.5 |
| EBITDA Margin | % | 13.7 | 16.0 | 17.0 |
| EBIT Margin | % | 3.89 | 6.43 | 7.55 |
| Net Margin | % | 2.98 | 2.86 | 2.99 |
| Net Debt/EBITDA | 2.99 | 2.18 | 1.82 | |
| Net Debt/Equity | 0.358 | 0.339 | 0.298 | |
| Cost of Financing | % | -0.668 | 5.82 | 8.47 |
| Cash Flow | 2012 | 2013 | 2014 | |
| Total Cash From Operations | HUF mil | 6,183 | 7,179 | 7,826 |
| Total Cash From Investing | HUF mil | -2,791 | -5,009 | -5,427 |
| Total Cash From Financing | HUF mil | -4,341 | -491 | -2,102 |
| Net Change In Cash | HUF mil | -949 | 1,679 | 297 |
| Cash Conversion Cycle | days | -36.0 | -29.2 | -29.9 |
| Cash Earnings | HUF mil | 5,957 | 6,214 | 6,530 |
| Free Cash Flow | HUF mil | 3,392 | 2,170 | 2,399 |
Get all company financials in excel:
| summary | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||||||||||||||
| Sales | HUF mil | 46,014 | 42,843 | 42,396 | 43,952 | 46,417 | |||||||||||
| Gross Profit | HUF mil | 25,258 | 23,874 | 23,372 | 24,221 | 25,957 | |||||||||||
| EBIT | HUF mil | 1,367 | 1,122 | 356 | 490 | 1,806 | |||||||||||
| Net Profit | HUF mil | -411 | -801 | -933 | -2,387 | 1,381 | |||||||||||
| ROE | % | -0.790 | -1.52 | -1.77 | -4.47 | 2.58 | |||||||||||
| EBIT Margin | % | 2.97 | 2.62 | 0.840 | 1.11 | 3.89 | |||||||||||
| Net Margin | % | -0.893 | -1.87 | -2.20 | -5.43 | 2.98 | |||||||||||
| Employees | ... | ... | ... | ... | 5,338 | 4,876 | 4,646 | 4,488 | 4,361 | ||||||||
| balance sheet | |||||||||||||||||
| Total Assets | HUF mil | 90,262 | 87,071 | 87,325 | 90,501 | 85,950 | |||||||||||
| Non-Current Assets | HUF mil | 81,682 | 80,276 | 80,027 | 83,620 | 79,683 | |||||||||||
| Current Assets | HUF mil | 8,580 | 6,795 | 7,298 | 6,881 | 6,267 | |||||||||||
| Shareholders' Equity | HUF mil | 52,930 | 52,493 | 53,096 | 53,692 | 53,325 | |||||||||||
| Liabilities | HUF mil | 37,332 | 34,578 | 34,229 | 36,809 | 32,625 | |||||||||||
| Non-Current Liabilities | HUF mil | 24,398 | 23,370 | 21,576 | 23,228 | 18,077 | |||||||||||
| Current Liabilities | HUF mil | 12,934 | 11,208 | 12,653 | 13,581 | 14,548 | |||||||||||
| Net Debt/EBITDA | 3.95 | 3.96 | 4.44 | 4.89 | 2.99 | ||||||||||||
| Net Debt/Equity | 0.448 | 0.434 | 0.406 | 0.447 | 0.358 | ||||||||||||
| Cost of Financing | % | ... | 5.89 | 5.68 | 5.03 | 10.6 | -0.668 | ||||||||||
| cash flow | |||||||||||||||||
| Total Cash From Operations | HUF mil | ... | 1,940 | 4,008 | 4,351 | 4,608 | 6,183 | ||||||||||
| Total Cash From Investing | HUF mil | ... | -3,013 | -3,291 | -2,514 | -4,255 | -2,791 | ||||||||||
| Total Cash From Financing | HUF mil | ... | 2,323 | -1,907 | 147 | -2,207 | -4,341 | ||||||||||
| Net Change In Cash | HUF mil | ... | 1,250 | -1,190 | 1,984 | -1,854 | -949 | ||||||||||
| valuation | |||||||||||||||||
| Number Of Shares | mil | 7.91 | 7.91 | 7.91 | 7.91 | 7.91 | |||||||||||
| Share Price | HUF | 4,440 | 3,540 | 4,500 | 3,360 | 3,010 | |||||||||||
| Earnings Per Share (EPS) | HUF | -52.0 | -101 | -118 | -302 | 175 | |||||||||||
| Book Value Per Share | HUF | 6,691 | 6,636 | 6,712 | 6,787 | 6,741 | |||||||||||
| Dividend Per Share | HUF | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||
| Price/Earnings (P/E) | -85.5 | -35.0 | -38.2 | -11.1 | 17.2 | ||||||||||||
| Price/Book Value (P/BV) | 0.664 | 0.533 | 0.670 | 0.495 | 0.447 | ||||||||||||
| Dividend Yield | % | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||
| Earnings Per Share Growth | % | ... | -130 | 94.9 | 16.5 | 156 | -158 | ||||||||||
| Book Value Per Share Growth | % | ... | 3.58 | -0.826 | 1.15 | 1.12 | -0.684 |
| income statement | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| income statement | |||||||||||||||||
| Sales | HUF mil | 46,014 | 42,843 | 42,396 | 43,952 | 46,417 | |||||||||||
| Cost of Goods & Services | HUF mil | 20,756 | 18,969 | 19,024 | 19,731 | 20,460 | |||||||||||
| Gross Profit | HUF mil | 25,258 | 23,874 | 23,372 | 24,221 | 25,957 | |||||||||||
| Staff Cost | HUF mil | ... | ... | 18,144 | 16,571 | 16,496 | 16,708 | 16,788 | |||||||||
| Other Cost | HUF mil | ... | ... | 1,117 | 1,562 | 2,023 | 2,611 | 2,787 | |||||||||
| EBITDA | HUF mil | 5,997 | 5,741 | 4,853 | 4,902 | 6,382 | |||||||||||
| Depreciation | HUF mil | 4,630 | 4,619 | 4,497 | 4,412 | 4,576 | |||||||||||
| EBIT | HUF mil | 1,367 | 1,122 | 356 | 490 | 1,806 | |||||||||||
| Financing Cost | HUF mil | 1,566 | 1,529 | 1,309 | 2,829 | -165 | |||||||||||
| Extraordinary Cost | HUF mil | 0 | 0 | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | HUF mil | -199 | -407 | -953 | -2,339 | 1,971 | |||||||||||
| Tax | HUF mil | 153 | 349 | -71.0 | 17.0 | 519 | |||||||||||
| Minorities | HUF mil | 59.0 | 45.0 | 51.0 | 31.0 | 71.0 | |||||||||||
| Net Profit | HUF mil | -411 | -801 | -933 | -2,387 | 1,381 | |||||||||||
| Dividends | HUF mil | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||
| growth rates | |||||||||||||||||
| Total Revenue Growth | % | ... | -0.853 | -6.89 | -1.04 | 3.67 | 5.61 | ||||||||||
| Operating Cost Growth | % | ... | ... | ... | 2.01 | -5.86 | 2.13 | 4.32 | 1.33 | ||||||||
| EBITDA Growth | % | ... | -21.2 | -4.27 | -15.5 | 1.01 | 30.2 | ||||||||||
| EBIT Growth | % | ... | -53.0 | -17.9 | -68.3 | 37.6 | 269 | ||||||||||
| Pre-Tax Profit Growth | % | ... | -111 | 105 | 134 | 145 | -184 | ||||||||||
| Net Profit Growth | % | ... | -130 | 94.9 | 16.5 | 156 | -158 | ||||||||||
| ratios | |||||||||||||||||
| ROE | % | -0.790 | -1.52 | -1.77 | -4.47 | 2.58 | |||||||||||
| ROCE | % | ... | -0.515 | -0.988 | -1.16 | -2.92 | 1.71 | ||||||||||
| Gross Margin | % | 54.9 | 55.7 | 55.1 | 55.1 | 55.9 | |||||||||||
| EBITDA Margin | % | 13.0 | 13.4 | 11.4 | 11.2 | 13.7 | |||||||||||
| EBIT Margin | % | 2.97 | 2.62 | 0.840 | 1.11 | 3.89 | |||||||||||
| Net Margin | % | -0.893 | -1.87 | -2.20 | -5.43 | 2.98 | |||||||||||
| Payout Ratio | % | 0 | 0 | 0 | 0 | 0 | ... | ||||||||||
| Cost of Financing | % | ... | 5.89 | 5.68 | 5.03 | 10.6 | -0.668 | ||||||||||
| Net Debt/EBITDA | 3.95 | 3.96 | 4.44 | 4.89 | 2.99 |
| balance sheet | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| balance sheet | |||||||||||||||||
| Non-Current Assets | HUF mil | 81,682 | 80,276 | 80,027 | 83,620 | 79,683 | |||||||||||
| Property, Plant & Equipment | HUF mil | 76,347 | 76,795 | 76,448 | 79,952 | 76,077 | |||||||||||
| Intangible Assets | HUF mil | ... | 2,703 | 3,208 | 3,238 | 3,190 | 979 | ||||||||||
| Goodwill | HUF mil | ... | ... | ... | ... | ... | ... | 1,626 | 2,175 | 2,175 | 2,175 | 2,175 | |||||
| Current Assets | HUF mil | 8,580 | 6,795 | 7,298 | 6,881 | 6,267 | |||||||||||
| Inventories | HUF mil | 867 | 824 | 620 | 534 | 491 | |||||||||||
| Receivables | HUF mil | 1,913 | 1,372 | 1,441 | 1,618 | 1,493 | |||||||||||
| Cash & Cash Equivalents | HUF mil | 3,797 | 3,537 | 4,186 | 3,469 | 2,885 | |||||||||||
| Total Assets | HUF mil | 90,262 | 87,071 | 87,325 | 90,501 | 85,950 | |||||||||||
| Shareholders' Equity | HUF mil | 52,930 | 52,493 | 53,096 | 53,692 | 53,325 | |||||||||||
| Of Which Minority Interest | HUF mil | 2,317 | 2,429 | 2,518 | 2,847 | 2,796 | |||||||||||
| Liabilities | HUF mil | 37,332 | 34,578 | 34,229 | 36,809 | 32,625 | |||||||||||
| Non-Current Liabilities | HUF mil | 24,398 | 23,370 | 21,576 | 23,228 | 18,077 | |||||||||||
| Long-Term Debt | HUF mil | 21,812 | 21,005 | 19,602 | 20,865 | 15,415 | |||||||||||
| Deferred Tax Liabilities | HUF mil | 1,351 | 1,332 | 1,077 | 1,167 | 1,309 | |||||||||||
| Current Liabilities | HUF mil | 12,934 | 11,208 | 12,653 | 13,581 | 14,548 | |||||||||||
| Short-Term Debt | HUF mil | 5,699 | 5,290 | 6,130 | 6,586 | 6,565 | |||||||||||
| Trade Payables | HUF mil | 2,866 | 1,995 | 2,205 | 2,375 | 3,165 | |||||||||||
| Provisions | HUF mil | 1,680 | 1,377 | 1,214 | 1,359 | 1,432 | |||||||||||
| Equity And Liabilities | HUF mil | 90,262 | 87,071 | 87,325 | 90,501 | 85,950 | |||||||||||
| growth rates | |||||||||||||||||
| Total Asset Growth | % | ... | 4.55 | -3.54 | 0.292 | 3.64 | -5.03 | ||||||||||
| Shareholders' Equity Growth | % | ... | 3.58 | -0.826 | 1.15 | 1.12 | -0.684 | ||||||||||
| Net Debt Growth | % | ... | 9.30 | -4.03 | -5.33 | 11.3 | -20.4 | ||||||||||
| Total Debt Growth | % | ... | 7.35 | -4.42 | -2.14 | 6.68 | -19.9 | ||||||||||
| ratios | |||||||||||||||||
| Total Debt | HUF mil | 27,511 | 26,295 | 25,732 | 27,451 | 21,980 | |||||||||||
| Net Debt | HUF mil | 23,714 | 22,758 | 21,546 | 23,982 | 19,095 | |||||||||||
| Working Capital | HUF mil | -86.0 | 201 | -144 | -223 | -1,181 | |||||||||||
| Capital Employed | HUF mil | 81,596 | 80,477 | 79,883 | 83,397 | 78,502 | |||||||||||
| Net Debt/Equity | 0.448 | 0.434 | 0.406 | 0.447 | 0.358 | ||||||||||||
| Cost of Financing | % | ... | 5.89 | 5.68 | 5.03 | 10.6 | -0.668 |
| cash flow | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| cash flow | |||||||||||||||||
| Net Profit | HUF mil | -411 | -801 | -933 | -2,387 | 1,381 | |||||||||||
| Depreciation | HUF mil | 4,630 | 4,619 | 4,497 | 4,412 | 4,576 | |||||||||||
| Non-Cash Items | HUF mil | ... | -2,680 | 477 | 442 | 2,504 | -732 | ||||||||||
| Change in Working Capital | HUF mil | ... | 401 | -287 | 345 | 79.0 | 958 | ||||||||||
| Total Cash From Operations | HUF mil | ... | 1,940 | 4,008 | 4,351 | 4,608 | 6,183 | ||||||||||
| Capital Expenditures | HUF mil | ... | -5,244 | -2,148 | -2,514 | -4,255 | -2,791 | ||||||||||
| Other Investments | HUF mil | ... | 2,231 | -1,143 | 0 | 0 | 0 | ||||||||||
| Total Cash From Investing | HUF mil | ... | -3,013 | -3,291 | -2,514 | -4,255 | -2,791 | ||||||||||
| Dividends Paid | HUF mil | ... | 0 | 0 | 0 | 0 | 0 | ... | |||||||||
| Issuance Of Debt | HUF mil | ... | 1,884 | -1,216 | -563 | 1,719 | -5,471 | ||||||||||
| Total Cash From Financing | HUF mil | ... | 2,323 | -1,907 | 147 | -2,207 | -4,341 | ||||||||||
| Net Change In Cash | HUF mil | ... | 1,250 | -1,190 | 1,984 | -1,854 | -949 | ||||||||||
| ratios | |||||||||||||||||
| Days Sales Outstanding | days | 15.2 | 11.7 | 12.4 | 13.4 | 11.7 | |||||||||||
| Days Sales Of Inventory | days | 15.2 | 15.9 | 11.9 | 9.88 | 8.76 | |||||||||||
| Days Payable Outstanding | days | 50.4 | 38.4 | 42.3 | 43.9 | 56.5 | |||||||||||
| Cash Conversion Cycle | days | -20.0 | -10.8 | -18.0 | -20.6 | -36.0 | |||||||||||
| Cash Earnings | HUF mil | 4,219 | 3,818 | 3,564 | 2,025 | 5,957 | |||||||||||
| Cash Earnings Per Share | HUF | 533 | 483 | 451 | 256 | 753 | |||||||||||
| Price/Cash Earnings (P/CE) | 8.33 | 7.33 | 9.99 | 13.1 | 4.00 | ||||||||||||
| Free Cash Flow | HUF mil | ... | -1,073 | 717 | 1,837 | 353 | 3,392 |
| other data | Unit | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
| other data | |||||||||||||||||
| ROA | % | -0.465 | -0.903 | -1.07 | -2.68 | 1.57 | |||||||||||
| Gross Margin | % | 54.9 | 55.7 | 55.1 | 55.1 | 55.9 | |||||||||||
| Employees | ... | ... | ... | ... | 5,338 | 4,876 | 4,646 | 4,488 | 4,361 | ||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | 1,644 | 1,402 | 1,422 | 1,543 | 1,426 | |||||||
| Cost Per Employee (Local Currency) | HUF per month | ... | ... | ... | ... | 283,252 | 283,207 | 295,882 | 310,235 | 320,798 | |||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | 40.6 | 39.7 | 39.2 | 38.4 | 37.6 | |||||||||
| Effective Tax Rate | % | -76.9 | -85.7 | 7.45 | -0.727 | 26.3 | |||||||||||
| Capital Expenditures (As % of Sales) | % | ... | 11.4 | 5.01 | 5.93 | 9.68 | 6.01 | ||||||||||
| Sales from Rooms Department | HUF mil | ... | ... | ... | ... | ... | ... | 21,811 | 21,215 | 20,914 | 21,368 | 23,004 | |||||
| Sales from Food & Beverage | HUF mil | ... | ... | ... | ... | ... | ... | 14,996 | 13,020 | 12,719 | 13,160 | 13,621 | |||||
| Sales from Spa Department | HUF mil | ... | ... | ... | ... | ... | ... | 6,197 | 5,841 | 5,801 | 5,926 | 6,477 | |||||
| Sales from Other Minor Departments | HUF mil | ... | ... | ... | ... | ... | ... | 2,138 | 1,777 | 2,056 | 2,084 | 2,111 | |||||
| Sales from Wineries | HUF mil | ... | ... | ... | ... | ... | ... | 155 | 155 | 132 | 161 | 54.0 | |||||
| Sales from Security Services | HUF mil | ... | ... | ... | ... | ... | ... | ... | 717 | 835 | 774 | 806 | 667 | ||||
| Sales from Other | HUF mil | ... | ... | ... | ... | ... | ... | 1,159 | 642 | 525 | 447 | 483 | |||||
| Number of Rooms | rooms | ... | ... | ... | ... | 8,109 | 8,164 | 7,843 | 7,850 | ... | |||||||
| Number Of Rooms (Hungary) | rooms | ... | ... | ... | 5,544 | 5,597 | 5,327 | 5,345 | ... | ||||||||
| Number Of Rooms (Czech Rep.) | rooms | ... | ... | ... | 825 | 834 | 810 | 807 | ... | ||||||||
| Number Of Rooms (Slovakia) | rooms | ... | ... | ... | 1,340 | 1,333 | 1,306 | 1,298 | ... | ||||||||
| Number Of Rooms (Romania) | rooms | ... | ... | ... | ... | 400 | 400 | 400 | 400 | ... | |||||||
| Occupancy Rate | % | ... | ... | ... | 67.4 | 62.5 | 63.3 | 63.8 | 65.0 | ||||||||
| Occupancy Rate (Hungary) | % | ... | ... | ... | 63.1 | 55.2 | 57.2 | 58.3 | 60.4 | ||||||||
| Occupancy Rate (Czech Rep.) | % | ... | ... | ... | 79.0 | 75.8 | 77.0 | 78.8 | 77.0 | ||||||||
| Occupancy Rate (Slovakia) | % | ... | ... | ... | 72.1 | 62.2 | 62.2 | 60.5 | 64.3 | ||||||||
| Occupancy Rate (Romania) | % | ... | ... | ... | ... | 55.3 | 56.6 | 56.7 | 57.7 | 58.4 | |||||||
| Price per Room (Local Currency) | HUF | ... | ... | ... | 11,246 | 12,392 | 12,561 | 13,091 | 14,375 | ||||||||
| Price per Room - Hungary (Local Currency) | HUF | ... | ... | ... | 12,288 | 13,076 | 12,628 | 12,301 | 12,872 | ||||||||
| Price per Room - Czech Rep. (Local Currency) | HUF | ... | ... | ... | 15,624 | 18,094 | 19,231 | 19,909 | 22,302 | ||||||||
| Price per Room - Slovakia (Local Currency) | HUF | ... | ... | ... | 9,064 | 11,292 | 11,496 | 12,183 | 13,003 | ||||||||
| Price per Room - Romania (Local Currency) | HUF | ... | ... | ... | ... | 8,008 | 7,106 | 6,888 | 7,969 | 9,321 | |||||||
| Price per Room (USD) | USD | ... | ... | ... | 65.3 | 61.4 | 60.4 | 65.1 | 63.9 | ||||||||
| Price per Room - Hungary (USD) | USD | ... | ... | ... | 71.3 | 64.8 | 60.7 | 61.2 | 57.2 | ||||||||
| Price per Room - Czech Rep. (USD) | USD | ... | ... | ... | 90.7 | 89.6 | 92.4 | 99.0 | 99.1 | ||||||||
| Price per Room - Slovakia (USD) | USD | ... | ... | ... | 52.6 | 55.9 | 55.2 | 60.6 | 57.8 | ||||||||
| Price per Room - Romania (USD) | USD | ... | ... | ... | ... | 46.5 | 35.2 | 33.1 | 39.6 | 41.4 | |||||||
| Number Of Staff (Hungary) | persons | ... | ... | ... | 2,725 | 2,492 | 2,364 | 2,364 | ... | ||||||||
| Number Of Staff (Czech Rep.) | persons | ... | ... | ... | 658 | 619 | 602 | 604 | ... | ||||||||
| Number Of Staff (Slovakia) | persons | ... | ... | ... | 1,296 | 1,240 | 1,187 | 1,187 | ... | ||||||||
| Number Of Staff (Romania) | persons | ... | ... | ... | ... | 251 | 245 | 243 | 244 | ... |
Get all company financials in excel:
Danubius Szalloda es Gyogyudulo Nyrt is a Hungary-based operator of a thermal spa hotel chain. The Company's is mainly engaged in leisure, wellness and spas sector. Danubius offers accommodation as well as a range of medical, relaxation and well-being treatments and activities. Danubius is the largest hotel group in Hungary, but is has expanded abroad in the past. With 56 hotels, the Company is located in Hungary, Great Britain, Czech Republic, Slovakia, and Romania. In the middle of 2013, UK-based CP Holdings Limited held over 80% of the Company's share.
Danubius Hotel and Spa has been growing its sales by a year on average in the last 5 years. EBITDA has grown on average by 9.199999999999999% a year during that time to total of HUF 8,916 mil in 2014, or 17.0% of sales. That’s compared to 13.9% average margin seen in last five years.
The company netted HUF 1,566 mil in 2014 implying ROE of 2.95% and ROCE of 1.95%. Again, the average figures were 0.405% and 0.278%, respectively when looking at the previous 5 years.
Danubius Hotel and Spa’s net debt amounted to HUF 16,252 mil at the end of 2014, or 0.298 of equity. When compared to EBITDA, net debt was 1.82x, down when compared to average of 3.26x seen in the last 5 years.
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