Holding Varna Ad
BBSEBG:HVAR25.80
EUR
+0.20
(+0.78%)
ISIN
BG1100036984
Return %
Stock
S&P 500
1Y
6.01
14.20
3Y
14.16
81.12
5Y
20.72
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 10
- Sector
- Finance
- Industry
- Financial conglomerates
- Address
- Varna Bulgaria
- IPO Date
- Sep 20, 1999
- Website
- holdingvarna.com
- Similar Companies
- Business
- Holding Varna AD is a Bulgaria-based diversified investment holding company that specializes in the acquisition, management, development, and disposal of corporate participations across strategic economic sectors. Founded in 1996 and headquartered in Varna, Bulgaria, the company conducts its operations primarily throughout the Republic of Bulgaria, with a prominent commercial concentration along the northern Black Sea coast. Holding Varna AD organizes its business activities into five core operational segments: Tourism and Hospitality, Real Estate and Construction, Telecommunications and Media, Financial Services, and Design and Engineering. Through its Tourism and Hospitality division, which includes its key subsidiary St. St. Constantine and Helena Holding AD, the company offers accommodation and leisure services across resort hotel properties, restaurants, and entertainment facilities; operation and commercial concession management of Black Sea beachfront properties; balneology and thermal spa wellness operations; and the administration of yacht port and marina facilities. Through its Real Estate and Construction segment, the company provides residential and commercial property development; civil engineering and coastal infrastructure construction; lease and asset management of office buildings, logistics warehouses, and retail venues; and large-scale coastal revitalization initiatives, anchored by the flagship Alley First urban redevelopment project on the Varna seafront. Through its Telecommunications and Media segment, primarily operated via M SAT Cable, the company delivers high-speed broadband internet, cable television broadcasting, and digital network infrastructure services; media content production and programming; and corporate educational and vocational training programs specializing in finance, insurance, and administrative management. Through its Financial Services division, the company provides portfolio management; acquisition, trading, and administration of corporate equities and debt instruments; collective investment scheme administration; structural capital financing and intra-group treasury support; and corporate advisory services. Through its Design and Engineering segment, the company delivers architectural design, urban spatial engineering, geodetic surveys, geomarketing research, and technical project supervision services. In recent strategic developments, Holding Varna AD completed a public placement in late 2024 and early 2025 of 30 million Bulgarian lev in unsecured convertible corporate bonds linked to the six-month EURIBOR benchmark, securing dedicated long-term financing to accelerate construction and infrastructure execution for its multi-phase Alley First coastal tourism and recreation complex. Concurrently, the holding has advanced capital reinvestment programs across its hospitality assets in the St. St. Constantine and Helena resort area, optimized debt maturity profiles across its subsidiary portfolio, and expanded its digital telecommunications infrastructure to support heightened commercial demand across northeastern Bulgaria.