Address: Rudolfa Strohala 2
Ordinary shares: ISIN HRACI0RA0000
Economic activity: R 9329
Market: Regular market
LEI:7478000090X86WBQ6C10
Home member state: Croatia
ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
INTERIM FINANCIAL REPORT
FOR PERIOD
JANUARY - SEPTEMBER 2021
(UNAUDITED)
INTERIM FINANCIAL REPORT
SUMMARY
- MANAGEMENT REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2021
- CONDENSED FINANCIAL STATMENTS FOR THE PERIOD ENDED
30 SEPTEMBER 2021 (UNAUDITED)
3. MANAGEMENT BOARD STATEMENT
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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
MANAGEMENT REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 21 (unaudited)
Key performance indicators
Description of the most important risks and uncertainties
Significant events in the reporting period
Sales revenue trends
Profitability trends
Financial performance indicators
Market capitalization
Ownership structure
Future development of the Company
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INTERIM FINANCIAL REPORT
COMMENT FROM THE MANAGEMENT BOARD
Looking at the results, especially those achieved in the third quarter, we can say that we are extremely satisfied. All the activities that were undertaken to prepare for the season, with special emphasis on the safety and health of employees and visitors, have resulted in an increase in the operating revenue and a season closely mirroring 2019, which is something we have hoped for.
The end of the nautical season also marks the beginning of preparations for the next season, and here we should emphasise - in addition to the complete reconstruction of the breakwater on Korčula - the new developments that were started following the end of the season, primarily in marinas Dubrovnik, Trogir, Žut and Piškera, Rab, Milna, as well as Vodice, into which important investments will be made.
All of the above, as well as new projects that were launched during the year, indicate the dynamic period in which the Company finds itself.
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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
KEY PERFORMANCE INDICATORS
in thousands of HRK, unaudited | 30 September | 30 September | ||
2021 | 2020 | |||
Net profit | 23,402 | 2,304 | ||
Operating income | 171,062 | 138,952 | ||
EBITDA | 78,593 | 55,103 | ||
Net profit margin | 13% | 1,7% | ||
EBITDA margin | 45% | 38% | ||
Debt ratio | 28% | 29% | ||
CAPEX * | 27,445 | 40,934 | ||
Boats days | 1,081,764 | 1,045,994 | ||
Number of employees as at 30 September | 372 | 365 |
* Right-of-use assets - lease and advance payments for tangible assets are not included
Operating income and EBITDA
180.000 | 171,062 | |
160.000 | 138,952 | |
140.000 | ||
120.000 | ||
100.000 | 78,593 | |
80.000 | ||
60.000 | 55,103 | |
40.000 | ||
20.000 | ||
0 | ||
Operating income | EBITDA | |
30 September 2021 | 30 September 2020 |
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