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 ENDED 31 MARCH 2022
(UNAUDITED)
MANAGEMENT REPORT
SUMMARY
1. MANAGEMENT REPORT FOR THE PERIOD ENDED 31 MARCH 2022
2. CONDENSED FINANCIAL STATMENTS FOR THE PERIOD ENDED 31
MARCH 2022 (UNAUDITED)
3. MANAGEMENT BOARD STATEMENT
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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
MANAGEMENT REPORT FOR THE PERIOD ENDED 31 MARCH 22 (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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MANAGEMENT REPORT
COMMENT FROM THE MANAGEMENT BOARD
The beginning of the year was marked by growing optimism regarding the season, the plans for which are at the pre-pandemic level, but due to current events in Eastern Europe, we are still looking at the coming period with some uncertainty. The financial results that have been achieved so far indicate that the business is stable, but also hint at the dynamics that is common in the tourism sector, including the nautical sector. Therefore, the preparation for the season is in full swing and we are trying to complete the projects that we have started within the set deadlines. Substantial resources, inthe amount of over HRK 24 million, were invested in the system during the quarter, primarily in infrastructure projects in the marinas Žut and Piškera, Trogir, Milna, and Dubrovnik, making up over 90% of the total amount given.
Of course, extending the duration of concession contract periods as a precondition for further development is still the key issue that the company's management is focused on, and in the coming period we expect this issue to be resolved.
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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
KEY PERFORMANCE INDICATORS
in thousands of HRK, unaudited | 31 March 2022 | 31 March 2021 |
Net profit | (5,663) | (7,413) |
Operating income | 35,019 | 33,063 |
EBITDA | 10,736 | 9,477 |
Net profit margin | -17% | -23% |
EBITDA margin | 30% | 28% |
Debt ratio | 26% | 25% |
CAPEX * | 24,117 | 7,528 |
Boats days | 323,086 | 324,277 |
Number of employees as at 31 March | 340 | 339 |
* Right-of-use assets - lease and advance payments for tangible assets are not included
Operating income and EBITDA
40.000 35.019
35.000 30.000 25.000 20.000 15.000 10.000 5.000
0
33.063
Operating income
31 March 2022
10.735
31 March 2021
9.477
EBITDA
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ACI dd published this content on 19 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 09:47:06 UTC.