Black Sea resort Albena hit by weaker Russian booking in 2015

Albena is a major Black Sea resort in northeastern Bulgaria

29 June 2015

News

Weaker Russian tourist booking leads to lowering performance in 2015 for the Black Sea resort Albena, claim ELANA Trading analysts in their company corporate earnings report.

Albena management also revealed lower performance expectations for 2015 and higher CAPEX investments. Analysts pointed out that the company continues implementing its investment programme and development of additional services will improve long-term profit margins.

Read more in ELANA Trading equity research on Albena

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Contacts

Dimitar Georgiev
Head of Trading
Phone: +359 (2) 81 000 25
Email: georgievd@elana.net

Tatyana Puncheva-Vasileva
Head of Research
Phone: +359 (2) 81 000 24
Email: vasileva@elana.net

Contacts

Sopharma Business Towers,
Tower B, Floors 12-13,
5, Lachezar Stanchev St,
1797 Sofia, Bulgaria

Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
Email: bgtrader@elana.net

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