Stéphane Valeri, deputy chairman of the Société des Bains de Mer (SBM) declared that the 2024/2025 fiscal year was "very dynamic" for the company.
Revenue grew nine per cent to €768m. This is company attributed to strong activity in the resort sector through the summer season, as well as the opening of Amazónico restaurant in Apri, 2024, and the reopening of the Café de Paris Monte-Carlo brasserie in November 2023.
Operating income rose by €0.9m to €74.5m, and net profit was reached €110.1m, an increase of €6.2m.
“The entire 2024/2025 fiscal year was very dynamic and confirmed the relevance of our strategy, the coherence and complementarity of our offerings, and the overall attractiveness of our resort,” said Valeri.
“The hotel business performed particularly well, both in volume and in average price. Our restaurant operations also grew significantly, spurred by the buzz of Amazónico Monte-Carlo’s first summer season and the continued success of Café de Paris. These strong results for 2024/2025 strengthen our belief that we must continue rolling out our development strategy across all sectors.
“In this regard, the SBM Group is continuing to invest and innovate with the planned 2025 openings of Marlow, Jondal at La Vigie Monte-Carlo, the Cédric Grolet boutique at Hôtel de Paris Monte-Carlo and the Monte-Carlo Cigar Club.”
