Valamar Riviera Receives Share of the Year Award for the 7th year in a row

Published 12. December 2018.

Valamar Riviera d.d has received today the Share of the Year Award by Public Vote for the 7th consecutive year as part of the traditional award ceremony held by the Zagreb Stock Exchange.

“I am extremely proud to hold this valuable recognition for the seventh time. This year’s business outlook exceeds last year’s and in the previous year Valamar achieved record-breaking results. Valamar keeps growing – this year we have acquired Hoteli Makarska d.d. and we have also made the first step in business internationalization with the acquisition of a hotel in Austria. The number of our employees has grown to reach 6,600, we have increased salaries by over 11% and we have introduced a HRK 5,000 minimum net pay. We have created 2300 new jobs in the last three years. I believe that this represents a solid foundation for our future growth and investments. I am proud that investors recognize Valamar’s potential and that we received this award for the 7th consecutive time on our way towards achieving our business vision, and this being the year we celebrated our 65th anniversary makes this occasion even more special,” said Management Board Member Marko Čižmek when receiving the award on behalf of Valamar Riviera.

Besides winning Share of the Year by Public Vote (via an online questionnaire), Valamar Riviera also won the Top Turnover Share Award whose winner is selected by the ZSE Award Board. IR and Financial Department Manager Filip Močibob received the award on behalf of Valamar Riviera and said: “It is my great pleasure to receive this award that I consider to be a great indicator of Valamar’s consistent excellence in business and communication. Our stakeholders recognize our leading position as we create new value and set high standards in reporting transparency. Thank you for the Top Turnover Share Award, I am certain that we will progress on our path to create one of the leading shares on the Croatian capital market by creating additional liquidity and including new potential investors via meetings, presentations and conferences for investors.”

“The ZSE Awards aim to support the best and raise the profile of the Croatian capital market and its active participants among the financial and general public. “When we first established the ZSE Awards in 2012, we wanted to continually identify and reward positive examples on our capital market. We are pleased that our award has become a tradition and a recognition of excellence that our winners often communicate with pride. This year Valamar Riviera is a double laureate and since the awards’ establishment, this company has won a total of 10 awards in several categories. The award is also a strong message that the investor community recognizes and awards excellence,” said Ivana Gažić, CEO at ZSE.

Valamar continues to confirm its leading position through the growth of business operations and investments in the country’s tourism. Valamar’s total investments have now reached HRK 5 billion: HRK 4.3 billion have been invested in the upgrade of hotels, resorts and camping resorts and HRK 700 million in acquisitions and further expansion.