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Delta Holding’s Business In The First Half Of 2020

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  • 2,7 billion dinars EBITDA, 9.3% more than in 2019

In the first half of 2020 Delta Holding business system managed to save employees’ health during the Covid-19 pandemic, maintaining good business results at the same time. As a result of the measures taken, 2.7 billion dinars operating profit before taxation (EBITDA) was realized during the last 6 months, which is 9.3% more than in the first half of 2019.

Sales revenue of 30.33 billion dinars (257.93 million euros) was generated in the 6-month period, which is 1.5% less than in the same period last year. The largest part of the revenue was generated in agriculture (48%), then followed by a distribution (30%).

Despite the ongoing pandemic, Delta Real Estate managed to continue construction work on all 4 active construction sites – future business headquarters Delta House in Belgrade, Delta Planet shopping mall in Niš, Hotel Indigo in Belgrade and Delta Planet shopping mall in Varna (Bulgaria), which is being redesigned as a preparation for the opening of Ikea.

Hotel industry is one of the most affected by the pandemic, which has also impacted the business of our hotel Crowne Plaza, with a total occupancy of 26.17%, or 19 636 nights in the 6-month period. Hotels Intercontinental Ljubljana and Holiday Inn Belgrade have temporarily been closed due to the crisis.

In the first half of 2020, Delta Holding’s companies paid the total amount of 5.17 billion dinars to the budget of the Republic of Serbia.

During the period between the years of 2003 and 2020 Delta paid the total amount of 229.43 billion dinars or 2.31 billion euros.

In the first two-quarters of 2020 Delta invested 132,795 euros (15,699.839 dinars) in social community donations, socially responsible sponsorships, employee education and social solidarity program.

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