Baia Silvella Group, owner of the Baia Camping Village, has issued a second, €10 million bond.
Investing in improvements and water parks
The €10 million issue is to fund the company's investment programme (about 35 million from 2023 to 2026). The six-year bond is completely unsecured and will allow the group to improve and modernize its managed accommodation facilities, adding further facilities and water parks.
The Baia Silvella Group, headquartered in Sal in the province of Brescia, will close the 2022 fiscal year with consolidated revenues exceeding €50 million (+30% over 2021) and gross operating margins of some €22 million, more than doubling the previous year.
Eleven camping villages around Italy
The group currently manages 11 camping villages in Sardinia, Veneto, Rome, Lake Garda, Trieste, Puglia, and Croatia.
“We are planning to further improve the quality of our services,- says group manging director Valerio Vezzola. - We believe that the numerous improvements we will make, as well as the exclusivity of our locations, will give us a significant competitive advantage. We are satisfied with the 2022 results and are certain that the choices we are making are the right ones.”
