This company's branding has already reached 13,049 peopleand his is followed by 84 Storybook users.On average, the company has been rated 4.5 points.and commented 300 times.

's activity report 2022

OÜ SPA Tours began its economic activity in December 2009. The main activities are operator activities in the Grand Rose SPA hotel located in the center of Kuressaare, starting from July 1, 2011

In Tallinn Viimsi SPA hotel and since October 14, 2016 in Narva-Jõesuu Meresuu SPA hotel.

Operator activities in Tallinn Viimsi SPA hotel complex also include a 4-hall Viimsi cinema, Black

Rose pub and management of an 18+ sauna center. Since December 2020, Spa Tours OÜ also operates in Atlantis H2O water park.

The company's past revenues have been seasonal, with the peak season for hotels and water parks being in the summer and sauna centers and sports clubs in the autumn-winter period.

The company's sales revenue in 2022 was 15.1 million euros. The growth compared to 2021 was 54%.

The company does not face risks related to changes in exchange rates, interest rates and stock prices.

Investments were made in fixed assets in the amount of 756 thousand euros during the reporting year. The company's balance sheet increased by 1.2 million euros to 4.8 million euros. The company had current assets in the amount of 3 million euros, accounting for 63% of the balance sheet. As of December 31, 2022, short-term liabilities are 4.8 million euros. If necessary, credit can be obtained from a related company to cover short-term liabilities.

The loss for the reporting year was 380 thousand euros. The company's management confirms that in case of economic difficulties, the parent company Spa Varad OÜ is willing and able to provide immediate financial support and invest additional funds to the extent necessary to ensure the continuity of economic activity.

The main goal for 2023 is the continued growth of the company's sales revenue.

Kalle Kuusik

Board member