{"id":179474,"date":"2023-06-05T16:10:25","date_gmt":"2023-06-05T14:10:25","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2023\/06\/stephane-valeri-announces-excellent-sbm-results\/"},"modified":"2023-06-05T16:15:37","modified_gmt":"2023-06-05T14:15:37","slug":"stephane-valeri-announces-excellent-sbm-results","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2023\/06\/stephane-valeri-announces-excellent-sbm-results\/","title":{"rendered":"St\u00e9phane Valeri announces excellent SBM results"},"content":{"rendered":"\n<p><strong>The group&#8217;s turnover rose by more than \u20ac136 million between 1 April 2022 and 31 March 2023.<\/strong><\/p>\n\n<p>&#8220;The best results in SBM&#8217;s history&#8221; was how St\u00e9phane Valeri, Chairman and CEO of the Soci\u00e9t\u00e9 des Bains de Mer, described the group&#8217;s latest figures on Thursday 1 June at One Monte-Carlo.<\/p>\n\n<p>And with good reason: over the period, SBM&#8217;s turnover rose from \u20ac530.5 million to \u20ac667 million, an increase of 26%. Operating profit was \u20ac72.2 million, compared with \u20ac35.4 million last year. <\/p>\n\n<p>These excellent results are particularly noticeable in the hotel sector, where revenue reached \u20ac325.1 million this year, compared with \u20ac213.3 million the previous year.<\/p>\n\n<p>Gaming and rental business also grew, by 14.6 and 7.2 million euros respectively. According to St\u00e9phane Valeri, this upward trend can be explained by a growing desire to travel since the Covid-19 health restrictions have been lifted. The latest Monaco Grand Prix, like the last edition, generated very high profits, almost identical to those of the previous year.<\/p>\n\n<p class=\"related\"><a href=\"https:\/\/www.monaco-tribune.com\/en\/2023\/05\/new-establishments-cabaret-evenings-cafe-de-paris-major-announcements-from-the-societe-des-bains-de-mer\/\">New establishments, cabaret evenings, Caf\u00e9 de Paris&#8230; Major announcements from the Soci\u00e9t\u00e9 des Bains de Mer<\/a><\/p>\n\n<p>&#8220;I believe that this is due to the work of all SBM&#8217;s employees. It&#8217;s a vision that we want to carry forward into next year, too, because together with the new management team and all the members of the Executive Committee, we have set ourselves equally ambitious targets for 2023\/2024. The bar is very high, but together we will all do our best to be at this level again next year,&#8221; St\u00e9phane Valeri told Monaco Info.<\/p>\n\n<p>These very good results will also benefit the Group&#8217;s employees, almost all of whom will receive a profit-sharing bonus of \u20ac2,000, double that of last year. Salaries are also automatically adjusted in line with inflation every three months. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The group&#8217;s turnover rose by more than \u20ac136 million between 1 April 2022 and 31 March 2023. &#8220;The best results [&hellip;]<\/p>\n","protected":false},"author":60,"featured_media":179088,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[247,243],"tags":[2862],"post_sectags":[3708],"post_format":[2465],"class_list":["post-179474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-monte-carlo-sbm-en","sectag-stephane-valeri-en","format-in-brief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>St\u00e9phane Valeri announces excellent SBM results<\/title>\n<meta name=\"description\" content=\"The group&#039;s turnover rose by more than \u20ac136 million between 1 April 2022 and 31 March 2023. &quot;The best results in SBM&#039;s history&quot; was how St\u00e9phane Valeri,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.monaco-tribune.com\/en\/2023\/06\/stephane-valeri-announces-excellent-sbm-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"St\u00e9phane Valeri announces excellent SBM results - Monaco Tribune\" \/>\n<meta property=\"og:description\" content=\"The group&#039;s turnover rose by more than \u20ac136 million between 1 April 2022 and 31 March 2023. &quot;The best results in SBM&#039;s history&quot; was how St\u00e9phane Valeri,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.monaco-tribune.com\/en\/2023\/06\/stephane-valeri-announces-excellent-sbm-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Monaco Tribune\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MonacoTribune\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T14:10:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-05T14:15:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2023\/06\/stephane-valeri-sbm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Camille Esteve\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MonacoTribune\" \/>\n<meta name=\"twitter:site\" content=\"@MonacoTribune\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/\"},\"author\":{\"name\":\"Camille Esteve\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#\\\/schema\\\/person\\\/a855d420fff4d03637641d60b93ac62e\"},\"headline\":\"St\u00e9phane Valeri announces excellent SBM results\",\"datePublished\":\"2023-06-05T14:10:25+00:00\",\"dateModified\":\"2023-06-05T14:15:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/\"},\"wordCount\":294,\"publisher\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/stephane-valeri-sbm.jpg\",\"keywords\":[\"Monte-Carlo SBM\"],\"articleSection\":[\"Business\",\"News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/\",\"url\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/\",\"name\":\"St\u00e9phane Valeri announces excellent SBM results\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/stephane-valeri-sbm.jpg\",\"datePublished\":\"2023-06-05T14:10:25+00:00\",\"dateModified\":\"2023-06-05T14:15:37+00:00\",\"description\":\"The group's turnover rose by more than \u20ac136 million between 1 April 2022 and 31 March 2023. \\\"The best results in SBM's history\\\" was how St\u00e9phane Valeri,\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2023\\\/06\\\/stephane-valeri-announces-excellent-sbm-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/stephane-valeri-sbm.jpg\",\"contentUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/stephane-valeri-sbm.jpg\",\"width\":1000,\"height\":667,\"caption\":\"SBM's Chairman and CEO also announced a profit-sharing bonus for almost all employees - 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