Terme Olimia

Podčetrtek – Terme Olimia, a state-owned spa operator from Podčetrtek in eastern Slovenia, generated EUR 19.7 million in revenue last year, up 18% from 2020, the first Covid year, and tripled its net profit to EUR 3.9 million. The spa that is almost 100% owned by the Slovenian Sovereign Holding recorded almost 292,000 nights in 2021, a 9.2% rise.

Ljubljana – The National Assembly is meeting for an eventful plenary session tomorrow that will culminate on Friday and next Monday with debates and votes on the opposition-sponsored motions to oust Environment Minister Andrej Vizjak and Interior Minister Aleš Hojs.

Podčetrtek – Terme Olimia, a state-owned spa operator from Podčetrtek in the east of the country, saw a significant drop in revenue due to the epidemic last year. Net sales revenue dropped by a third to EUR 16.6 million and net profit by 56% to EUR 1.3 million compared to 2019. The number of tourist nights dropped by 26% to almost 267,300.

Ljubljana – Slovenian Sovereign Holding (SSH) has increased the state stake in the spa company Terme Olimia to 98.25% as part of the efforts to create a state hospitality holding.

SSH acquired a further 20.64% stake in Terme Olimia in a public takeover bid that run out on Monday, according to a notice published in the newspaper Delo.

Ljubljana – Slovenia Sovereign Holding (SSH) published a takeover bid for spa operator Terme Olimia on Friday, offering EUR 27.50 per share for a total of just over 158,000 shares. The offer stands until 10 May unless extended, according to the bid published in the newspaper Delo.

Laško/Podčetrtek/Zreče/Bled – Slovenian health resorts were closed during the first lockdown in spring 2020 and have now been closed a second time since October, admitting only patients sent there for rehabilitation. They have suffered a significant drop in revenue and hope that legislation being drafted by the government will help the sector get back on its feet.

Ljubljana – The Competition Protection Agency has given the go-ahead for Slovenian Sovereign Holding (SSH) to take over spa operator Terme Olimia in what is seen as a step in the creation of a state hospitality holding.