Adris Group achieved double-digit growth in all key business indicators

first_imgIn the first nine months of this year, the total revenues of the Adris Group amounted to HRK 4,7 billion, which is 12 percent more than the revenues generated in the same period last year. Revenues from the sale of goods and services amount to 4,1 billion kuna and are 20 percent higher than last year. Net profit amounts to HRK 752 million, which is a growth of 20 percent.Compared to the same period last year, Maistra achieved four percent more overnight stays, with an increase in the average price of overnight stays of three percent, which led to an increase in operating revenues of 10 percent. EBITDA (profit before depreciation, interest and taxes) amounts to HRK 540 million and is 10 percent higher than last year. EBIT (profit before interest and taxes) recorded a growth of nine percent and amounted to HRK 407 million. The realized net profit of HRK 359 million represents an increase of 12 percent compared to the first nine months of last year. Current booking confirms the current positive revenue growth trends. The completion of the Park Hotel, a key product in the process of completing the top hotel offer in Rovinj, is underway.”Adris is operating successfully. Our businesses are growing and sustainable in the long run. We do not reduce ambitions, we invest. In the past eight years, we have invested seven billion kuna, increased competitiveness, exported. We are extremely focused on organic growth and business excellence, ready for new acquisitions as well“Said the President of the Management Board of the Adris Group, M.Sc. Ante Vlahović.The process of business integration of the company HUP into the tourist part of the Group is in progressPhoto: MaistraThis year’s acquisition of the Adris Group, HUP Zagreb, is a company that significantly contributes to the strengthening of the tourism part of the Group and which also achieves the growth of all key business indicators. These indicators, in addition to Zagreb hotels, also include the operations of Dubrovnik hotels within the Hotels Dubrovnik Riviera branch.Compared to the same period last year, HUP realized nine percent more overnight stays, with an increase in the average price of overnight stays of five percent. Operating revenues are higher by 13 percent, and EBITDA is 145 million kuna and 14 percent higher than last year. EBIT recorded a growth of 24 percent and amounted to HRK 113 million. The realized net profit in the amount of HRK 96 million is 25 percent higher.The process of business integration of the company HUP into the tourist part of the Group is in progress. The aim of the project is to establish a unique model of tourism management in order to continue long-term sustainable growth. Today, the tourist part of the Adris Group has 83 percent of hotel capacity at the level of four and five stars. In addition to a quality portfolio and operational excellence, the foundation of sustainability is positioning in three growing and internationally recognized destinations – Rovinj, Dubrovnik and Zagreb.Related news:ADRIS GROUP ANNUAL REPORT EXCEEDED AGAIN WITH CREATIVE SOLUTION – TESTED FOR CHALLENGESlast_img

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