Warimpex revenues rise

Warimpex Finanz saw its second quarter revenues rise 25% on the back of what it’s describing as “clear stabilization in the hotel industry.”

An especially encouraging upswing was seen in the business travel segment, and conference business is also starting to pick up again. At the same time, improved occupancy rates and especially better conditions on the transaction market allowed part of the impairment write-downs that were made in 2009 to be reversed.

The company turned in positive EBITDA and EBIT and a strong surplus in the second quarter, with HI profits topping out at €3.7m.

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