Valamar Riviera d.d., a leading Croatian tourism company expects to reach consolidated operating revenues for 2015 in the range of HRK 1,290 million to HRK 1,300 million, up 18% on the year 2014. Expected EBITDA (without adjustments for extraordinary revenues and expenses and one-off items) for 2015 will be in the range of HRK 420 million to HRK 425 million HRK, which is HRK 136 million to HRK 141 million more than in 2014, resulting in an EBITDA margin of 32% to 33%.

The increase in expected consolidated operating revenues and operating profit comes as a result of better than expected revenues from new year holidays and cost savings in operating expenses in Q4 2015. These figures exceed 2015 outlook figures for operating revenues and EBITDA announced in the report for Q3 2015.