The pharmaceutical laboratory Novartis is beginning to see the light at the end of the tunnel after the multimillion-dollar investment it made initially in the Abadía Retuerta winery, which it has owned since 1996, and the subsequent investment in LeDomaine, a luxury hotel that opened in 2012 on the ruins of an old monastery. After years of losses, the wine group is looking to close this fiscal year with a historic revenue figure, reaching 19 million euros for the first time, as they predict a 7% growth, and with an operating profit (EBITDA) that will almost reach four million euros, with an increase of 12%. Continue reading.
In diesem Jahr wird das Team eine Umsatzsumme von 19 Millionen Euro erreichen und fast vier Millionen Euro EBITDA erwirtschaften. The average hotel rate, which accounts for 40% of revenues, is set at 850 euros per day and room.
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The pharmaceutical laboratory Novartis is beginning to see the light at the end of the tunnel after the multimillion-dollar investment it made initially in the Abadía Retuerta winery, which it has owned since 1996, and the subsequent investment in LeDomaine, a luxury hotel that opened in 2012 on the ruins of an old monastery. After years of losses, the wine group is looking to close this fiscal year with a historic revenue figure, reaching 19 million euros for the first time, as they predict a 7% growth, and with an operating profit (EBITDA) that will almost reach four million euros, with an increase of 12%. Continue reading.
