Annual Report 2023
Download ReportGroup Profile
The Group has been involved in hospitality for almost four decades, initially starting off as a guesthouse in 1984, operated by the Group’s founder Silvio Debono. Today, as the db Group chairman, he sits at the helm of the largest hospitality operation in Malta.
Our Journey
Over the years, the Group has forged strategic relationships with a range of global players in the hospitality and catering industry. Among them are the Accor Hotel Group, RIU Hotels & Resorts, Hard Rock Café International and Starbucks. In the process, the Group has accumulated vital business acumen and operational experience at global level.
Our Mission
One word which is the essence of success of our business.
Always reminds us of how we got here.
Has guided us for three decades.
Inspires all our new ventures.
Distinguishes us from others.
Explains our staying power.
Defines who we are.
Is our future.
Excellence
Chairman’s Words
This has been a successful year for the db Group and the figures in the attached financial statements amply bear it out. We always followed our vision, worked hard, and never, ever, did we lose faith in this country’s potential. This has delivered results.
We are the db Group. Looking at the future from here to there and back. We’ll succeed again. Because as always, we will get there together.
Chairman & Managing Director
CEO’s Statement
The financial year under review was not a typical one for the hospitality and leisure sector. It was the litmus test of how quickly and effectively the industry was going to emerge from the aftermath of the COVID-19 pandemic. It was the year in which we were fully able to discover what the new normality brought to the table.
These results encourage us to continue on our journey towards the horizon.
CEO, db Group
The Executive Team
Financial Intro
With 3,500 beds the db Group is the largest local hotel operator. The Group’s full head count including its subsidiaries and associated companies amounts to 5,782 employees.
GROUP REVENUE INCLUDING BY INDIVIDUAL ASSOCIATES FOR THE YEAR ENDING 31 MARCH 2023
FY23 was characterised by a strong Group performance across the different operational segments. The hospitality and leisure segment experienced a significant recovery to exceed pre-pandemic turnover. This segment accounted for over 40% of FY23 revenue compared to 30% in FY22.