Switzerland: Grand Resort Bad Ragaz Pleased with Positive Key Balance Sheet Figures in Every Business Unit
Some 250 shareholders met in mid-May for the 104th General Meeting of Grand Resort Bad Ragaz in Switzerland to take stock of the 2013 fiscal year, and they were pleased to hear about positive figures in all three of the resort’s business units. For the first time since reconstruction measures in 2008/09, the resort, the Tamina Therme spa facility and the casino all made a profit in the 2013 fiscal year. The figures speak for themselves: The 2013 consolidated turnover of 108.4 million Swiss Francs exceeded the previous year by some 700,000 Swiss Francs. The result before interest, taxes and deductions (EBITDA) totaling 22.3 million Swiss Francs represents a five percent increase over the previous year. This constitutes a consolidated net profit of 3.6 million Swiss Francs for the 2013 fiscal year. During the General Meeting Grand Resort Bad Ragaz AG also elected its Board of Directors. (eap)
