Hapimag Reports Positive Annual Results and considerably improved EBIT

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14 Mar 2012

Hapimag Reports Positive Annual Results and considerably improved EBIT

The financial crisis and the uncertainty with regard to the Euro did not affect Hapimag’s positive result. The Group result, at EUR 1.2 million, was significantly better than the previous year (EUR -7.8 million). The EBIT also showed great improvement, at EUR 4.7 million (previous year EUR -0.9 million). The operating income rose by 8.5 per cent to EUR 186.4 million (previous year EUR 171.7 million).

First, the 57 resorts and residences made a contribution to the positive development of the operating income, achieving sales of EUR 74.4 million (previous year EUR 70.5 million). The members are increasingly using the option of booking by the day. Secondly, the net turnover from sales of right of residence products rose by 7 per cent to EUR 37.7 million (previous year 35.2 million). In Germany, the biggest sales market, there was a 50 per cent increase: here, right of residence products worth EUR 15 million were sold. In Switzerland, the net turnover from sales was EUR 4.1 million, slightly below the very successful previous year at EUR 4.4 million, but still considerably above the years before that.

Despite the difficult economic situation, the occupancy rate of all 57 resorts and residences remained at a high level at 68.7 per cent (previous year 68.9 per cent). Over 355 000 guests (3.4 per cent more than the previous year) stayed with Hapimag. The resort in Bodrum (Turkey) recorded 27 700 guests, an increase of 10 per cent, which was the highest growth rate. The four Swiss resorts achieved an occupancy rate of 73.3 per cent; sales increased by 8.5 per cent from EUR 6.3 million to EUR 6.9 million.


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