As Glas Istre/Dubravko Grakalic writes on the 1st of November, 2019, Adris Group’s operating results in the first three quarters of this year show a significant increase in revenues and great business development. In the first nine months of this year, Adris Group’s total revenues amounted to a massive 4.92 billion kuna, which is 4 percent more than in the same period last year. Net profit amounts to 663 million kuna, which is 89 million kuna, or 12 percent less than last year.
Such business is the result of strong investment and acquisition activities in 2018 and 2019 with the aim of increasing the group’s profitability and long-term sustainability.
In terms of business segments, Croatia Osiguranje is the leading company in the Croatian insurance market with a total share of 27.9 percent. The gross written premium, which includes foreign subsidiaries, stands at 2.7 billion kuna, up from last year’s level.
Cromaris published sales of 6,761 tonnes in the first nine months of 2019, up eight percent. The export markets recorded a nine percent increase in volume.
The tourist section of the Adris Group, Maistra, posted a 1 percent increase in the sale of accommodation units, with an increase in the average price of overnight stays of 6 percent, which led to a 7 percent increase in operating income. Net profit was also up by 4 percent
The current booking confirms the positive trends of revenue growth so far. Adris Group’s last major acquisition, HUP-Zagreb, d.d., generated one percent higher operating revenue.
Currently, the strategic plan for the tourist part of the group for the period until 2024 is worth almost four billion kuna. The plan includes construction of new and the repositioning of existing facilities in all tourist destinations in Croatia in which Adris Group operates – Rovinj, Vrsar, Dubrovnik and Zagreb.
A formal completion of the process related to the Marjan Hotel in Split is also expected, which will allow Adris Group to enter this growing Croatian tourist destination.
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