October the 31st, 2021 - The well known Adris Group is set to invest a large sum into the renovation of several Zagreb hotels, as well as into the famous Hotel Marjan down in the City of Split.
As Poslovni Dnevnik/Ana Blaskovic writes, the Adris Group's net profit reached a massive 605 million kuna in the first nine months of this year, compared to a considerably lower figure of 141 million kuna last year, and total revenues rose to 4.51 billion kuna (marking a significant increase of 23 percent), they announced from Adris.
At the same time, the income from the sale of goods and services increased by a quarter, reaching a staggering 4.18 billion kuna. Consolidated profit before interest, taxes, depreciation and amortisation (EBITDA) also stands at 1.065 billion kuna, three percent below the pre-crisis levels of 2019. The ongoing coronavirus pandemic continues to leave its traces on the results of the tourism business, Maistra, although a recovery was recorded in the main part of this year's main tourist season which is promising.
The company recorded 1.2 billion kuna in revenue from sales of goods and services, 79 percent of the figure recorded from back in 2019. EBITDA stood at 602 million kuna, reaching 85 percent of what was realised before the global pandemic struck, as well as net profit 360 million kuna in total. The Istrian part of the tourism business accounted for 86 percent of sales realised back in 2019, Zagreb hotels reached 36 percent of the same, and those down in Dubrovnik reached 44 percent of 2019's results.
Adris has also recently announced 200 million kuna in investments this year, with the continuation of preparations for the renovation projects of Zagreb hotels and the Marjan Hotel down on the coast in Split.
Croatia osiguranje's net profit amounted to 320 million kuna, 9 percent more on an annual basis, with 2.27 billion kuna of total gross premiums written in Croatia (a marked increase of 5 percent).
Cromaris' EBITDA profit also jumped up by more than a quarter, reaching 52 million kuna, while the net result was 12.3 million kuna.
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