IC Market Espresso 25 Jan 2019

Valamar Publishes 2018 Expected Revenues and EBITDA
Valamar expects and increase in revenues between 11.6% and 12.2% YoY and an increase in EBITDA between 14% and 15.5% YoY.

Valamar Riviera has published a document in which they report that their preliminary 2018 results.

According to their statement, revenues in 2018 are expected to be between HRK 1,985m and HRK 1,995m which will be higher than the expected revenues were. Compared to the previous year, revenues will increase between 11.6% and 12.2%.

Furthermore, they state that Valamar’s EBITDA is expected to be between HRK 690m and HRK 700m, which would translate into an increase between 14% and 15.5% YoY.

EUR 1.2bn for Koper-Divaca Trail
Slovenia’s Minister of Infrastructure says the project of better connection the port of Koper to its hinterland would cost EUR 1.2bn.

The Slovenian Government yesterday unanimously approved the investment program for the Koper-Divaca rail, where works might commence by the end of February. Taking into account all of the contingency costs, the final amount is set at EUR 1.2bn, and it should be fully paid off from the 2TDK revenues – charging carriers for road, rail and port (Luka Koper) transport.

Slovenian media add that today’s agreement still leaves open the possibility for cooperation with the surrounding countries (final decision expected by the end of May, when the financial construction should be finalized).