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Zdraviliška cesta 6, Laško,
3270, Slovenia
Vzhodna Slovenija
  • 52
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COMPANY NAME: Thermana, d. d., the company of well-being INDUSTRY: hotel, spa treatment and elderly care
ADDRESS: Zdraviliška cesta 6, 3270 Laško, Slovenia
WEB ADDRESS: www.thermana.si/
TELEPHONE: +386 3 423 2000
E-MAIL: info@thermana.si

Short description + markets

The company operatesin the field of tourism and catering and carries out concession activities of spa treatment, outpatient physiotherapy, specialist exami- nations and tourist activities in two hotels. The concession activity of institutional care for the elderly is carried out for 165 persons.

Income statement (in € ‚000) 2018 2019 2020
Revenues 22.702 23.312 18.908
EBITDA 5.013 5.185 2.700
EBIT 2.153 2.591 354
Net Income 1.591 2.123 -649
Balance Sheet 2018 2019 2020
Total assets 44.567 44.662 46.079
Equity 21.097 23.220 22.543
Financial Debt 12.498 10.632 12.862
Net Debt/EBITDA 2.5 2.1 4.8


2018 2019 2020
Number of employees (average) 445 449 462

Strategy Indicators

Growth of total revenue last year compared to the previous year in %  -18,9
Growth of sales compared to the previous year  -30,9
Sales on EU market (% of totale sales)  n.a.
Sales on non EU market (% of totale sales)  n.a.
Sales on GB market (% of totale sales)  n/a
The percentage of sales generated by the top 10 customers  n/a
The percentage of the 3 largest customer‘s revenue in total revenue  n/a
Growth of product/service with the largest share in sales  n/a
Growth of product/service with the largest share in revenue  n/a
The percentage of investments in revenue in last year  6,9%

Strategy & Plans

Thermana d. d., as a company of well-being, is striving to become one of the most important Slovenian tourism enterprises which invokes in its offer a qual- ity of life, a culture of healthy lifestyle and is as a health resort specially designed for people who have problems with movement or would want to avoid these problems.

Its business strategy is invoked through the following programs:

  • medical programs, including: basic health care, specialist outpatient clinics, prevention programs, medical rehabilitation and recovery rehabilitation,
  • thermal and wellness programs,
  • care for the elderly,
  • business, conference and seminar tourism,
  • tourist starting point for exploring Slovenia,
  • other programs of hotel industry, catering and tourism.

Programs represent an interesting marketing areas of expertise within which they occur, are designed and developed into individual services, the imple- mentation of which is provided in each organizational unit. In 2021 that is also a year of new opportunities. Thermana expects changed consumer habits, further restrictions on movements around the world, above all however, a strong emphasis on safety against possible infection with the new coronavirus.

Key Facts

  • Despite the fact that the company operates in tourism, its business model proved to be resilient during the epidemic, as half of the revenue comes from the spa treatment part, which was in operation at the time of the epidemic.
  • The company operates in three segments: hotel tourism, health resorts and nursing homes. All three activities are profitable, and according to audited data, the company ended pre-covid 2019 with a net profit of EUR 2,12 million, which means a return on equity of 9.13%. The year 2020, which was marked by the coronavirus epidemic, ended with a net loss of EUR 0,649 million.

Top 10 shareholder structure (15.10.2021)

Shareholder name – regular shares Number od shares Stake
DUTB, d.d. 12.000.225 100%

Additional Information

Realestate agency: DUTB, d.d. Davčna ulica 1 1000 Ljubljana
Web page: http://nepremicnine.dutb.eu/en/

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