Half-year report 2010
| 2010-08-26
Orbis S.A. has published today financial statements and report on the operations of the first half of 2010 of the Orbis Group and of Orbis S.A.
The revenues of the Orbis Group for the whole period totaled PLN 399 million which is 5% below 2009 sales with a slightly better performance of the second quarter. In the first half of 2010 the Orbis Group continued to work on the cost side which enabled the level of EBIT similar to the last year in spite of the decreased sales.
Orbis is in the process of transformation from a touristic conglomerate into being a service provider in hospitality business in Poland. In the first half of 2010 the Orbis Group underlined its commitment to focus on its core business. Two secondary segments which many people used to associate with the Orbis brand were definitively disposed, i.e. the touroperating business of Orbis Travel and the international coach business of Interbus.