28 February, 2022 - Adris Group generated a net profit of HRK 403 million in 2021, up from 44.6 million in 2020, with revenues growing by 20% to HRK 5.73 billion, the tourism and insurance group reported on Monday.
Sales revenue increased by 23% from 2020 to HRK 5.3 billion, while earnings before interest, taxes, depreciation and amortisation (EBITDA) reached HRK 1.02 billion, down 5% from the pre-pandemic 2019.
Adris said that all companies operating within the group had undertaken business transformation programmes, including digitalisation, to increase their operational excellence and gain a competitive edge.
Strategically, the present crisis has confirmed that Adris has a well-balanced portfolio. The HRK 400 million of its investment in 2021 and preparations for a number of new projects show that the continuity of development has been maintained even in times of high business uncertainty, the group said.
The group's tourism segment posted a sales revenue of HRK 1.36 billion, accounting for 78% of the revenue generated in the record-breaking 2019.
Croatia's leading insurer Croatia Osiguranje earned a consolidated net profit of HRK 363 million, an increase of 11%. Its total gross written premium increased by 5% to HRK 2.8 billion, while consolidated gross written premium, including regional branch offices, amounted to HRK 3.4 billion, increasing by 6% from 2020.
Cromaris, specialised in production and processing of high quality Mediterranean fish, saw a 14% rise in EBIDTA which reached HRK 67 million, and its net profit skyrocketed 40% to HRK 13 million.
Business: For more, check out our business section.
