The Azur Selection S.A, Announces Its Full-Year 2023 Results
April 26 2024 - 12:00PM
Business Wire
Regulatory News:
The Azur Selection (ISIN: GRS528003007 Mnemonic: MLAZR)
(Paris:MLAZR), a Greek hospitality company, announces its Full-Year
2023 results.
The Azur Selection development to date, financial results and
position as presented in the consolidated financial statements are
considered satisfactory. During 2023 revenues increased by €306,793
or 7%, and the early signs regarding the Greek hospitality industry
for 2024, consistently indicate to a strong start for the year in
terms of air arrivals, and trend to higher occupancy.
The results before tax decreased mainly due to the loss incurred
from the sale of a subsidiary, which on one hand reduced the
goodwill, but on the other hand brought cash flow into the
company.
On the Balance sheet side, the most significant ratio is
Non-Current assets on Total assets which is 84.55%% in 2023
compared to 81.93% in 2022.
The 2023 financial report is available in the investor section
of the company’s website:
https://www.azurselection.com/investor-relations
About The Azur Selection
The Azur Selection is a leading Greek company specializing in
the ownership, operation, development, and management of hotel and
entertainment facilities. With a portfolio of several successful
hotels in Greece, The Azur Selection has become synonymous with
excellence in the hospitality industry. Since 2022, the company has
been listed on the Access+ market of Euronext Paris under the code
GRS528003007 and mnemonic code MLAZR.
https://www.azurselection.com/about-azur
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The Azur Selection Chief Executive Officer George
Arvanitakis
NewCap Investor Relations Théo Martin Tél. : +33 (0)1 44
71 94 96 theazurselection@newcap.eu
NewCap Media relations Nicolas Merigeau Tél. : +33 (0)1
44 71 00 15 theazurselection@newcap.eu