s-peek's magnifier: the camping business
Open-air tourism is a fast-growing sector and generates profits for over 4.9 billion euros. We have identified the top three Italian facilities with the best economic-financial management.
Whether due to the renewed environmental awareness or to the spread of outdoor activities, in recent years, the open-air tourism sector has grown by average of 2.5% per year and is expected to grow by a further 3% in 2019.
Veneto, Lombardy and Tuscany are the most popular Italian destinations. Not surprising when considering that camping holidays involve short-range tourism and that 22% of tourists come from Germany.
We have selected the three Italian facilities with the best economic-financial balance and we sorted them by turnover and rating class.
Camping Internazionale La Quercia
Thanks to the strong economic and financial balance, Camping Internazionale La Quercia is one of the top-sector performers.
The campsite was founded in 1958 on the Lake Garda is currently experiencing a positive growth trend. In 2017 the company managed to improve its rating class from BBB to A and in 2018 it reached a turnover of 12.3 million euros.
The report Extended12M, now enriched with more ratios, shows a good management of funding resources and low indebtedness. The company has no difficulty in meeting its financial obligations, as proven by total assets / total liabilities ratio, which even got AAA.
Camping Internazionale La Quercia is particularly efficient in terms of profitability, with above-average Return on Investment (ROI) and Return on Equity (ROE) values. Nevertheless, the Asset Turnover ratio is low, which means that the company takes a long time to turn investments into profits.
Campeggio del Garda
Founded in 2014 in Peschiera del Garda, Campeggio del Garda is constantly growing. In 2018, for the second year in a row, it was rated AA, with a probability of default below 0.10%.
In the last year the company, which does not resort to bank lending to finance its activities, recorded a significant increase in profits, which rose from 800 thousand euros in 2017 to 1.2 million in 2018.
Profitability values are well above the average. Both the Return on Investment ratio (ROI) and the Return on Equity ratio (ROE) got an AAA, the highest class in s-peek's rating scale.
The liquidity ratios are also worth mentioning. Both the Current and Quick ratios got a positive evaluation, confirming the economic and financial soundness of Campeggio del Garda from every point of view.
Le Dune Camping Village
With a rating of AA and a turnover of 2.9 million, Le Dune Camping Village is among the facilities with the best economic and financial management of its sector.
The company has no financial debts. The slight drop in profits last year did not affect the company economic and financial balance. Liquidity values remain stable, while remarkable are the values of ROI and ROE ratios.
Notably, the company has an Asset Turnover ratio of 3.51, which means that investments turn into profits more than 3 times in a year.
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