The Azur Selection S.A. Announces Its Half-Year Results for 2024
03 Octobre 2024 - 6:15PM
Business Wire
Regulatory News:
The Azur Selection (ISIN : GRS528003007 - Mnémonique :
MLAZR), a Greek hotel company listed on the Euronext Access +
market in Paris, announces its half-year results for 2024.
In the first half of 2024, The Azur Selection recorded a revenue
growth of 22% at €2,161 K compared with €1,774 K in the same period
of the previous year. EBITDA was positive at + €528 K, more than
twice the number recorded in the first half of 2023, thanks to the
good momentum of the activity and the rigorous management of
expenses. In fact total income has risen by 26,5% where total cost
and expenses (excluding depreciation and finance cost) are up by
13,3% accounting for 78,0% of total income against 87,1% in the
first half of 2023.
Net results remain in negative territory at -€453 K, but
significantly improved comparing to previous year with recorded
losses of €3,805 K, which was adversely affected by a capital loss
on the disposal of the subsidiary AS Resorts.
On the Balance sheet side, the most significant ratio is
Non-Current assets on Total assets which is 84% as of June 30,
2024, compared to 85% as of December 31, 2023.
The 2024 half-year financial report is available in the investor
section of the company’s website:
https://www.azurselection.com/investor-relations
About The Azur Selection
The Azur Selection is a leading Greek company specializing in
the ownership, operation, development, and management of hotel and
entertainment facilities. With a portfolio of several successful
hotels in Greece, The Azur Selection has become synonymous with
excellence in the hospitality industry. Since 2022, the company has
been listed on the Access+ market of Euronext Paris under the code
GRS528003007 and mnemonic code MLAZR.
https://www.azurselection.com/about-azur
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version on businesswire.com: https://www.businesswire.com/news/home/20241003405955/en/
The Azur Selection Chief Executive Officer George
Arvanitakis
NewCap Investor Relations Théo Martin Tél. : +33 (0)1 44
71 94 96 theazurselection@newcap.eu
NewCap Media relations Nicolas Merigeau Tél. : +33 (0)1
44 71 00 15 theazurselection@newcap.eu
The Azur Selection (EU:MLAZR)
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The Azur Selection (EU:MLAZR)
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