Adriatic Croatia International Club za djelatnost marina d d : Interim financial report for period endeed 30 June 2022. (unaudited)
July 20, 2022 at 09:24 am
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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 30 JUNE 2022
(UNAUDITED)
MANAGEMENT REPORT
SUMMARY
GENERAL DATA
MANAGEMENT REPORT FOR THE PERIOD ENDED 30 JUNE 2022
CONDENSED FINANCIAL STATMENTS FOR THE PERIOD ENDED 30 JUNE 2022 (UNAUDITED)
MANAGEMENT BOARD STATEMENT
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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
GENERAL DATA
39 years of business
22 marinas and 1 anchorage
Location: along the Adriatic, from Umag to Dubrovnik
Company's vessels for rent: ClubSwan36 fleet of vessels and vessel Catamaran SABA 50,
Accommodation capacity: Cres, Šimuni, soon to be apartmants in Milna and Rab
Retail business: soon to be and online
Magazin ACI No.1: online and printed version
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MANAGEMENT REPORT
MANAGEMENT REPORT FOR THE PERIOD ENDED 30 JUNE 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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ADRIATIC CROATIA INTERNATIONAL CLUB, za djelatnost marina d.d.
COMMENT FROM THE PRESIDENT OF THE MANAGEMENT BOARD
In the first and second quarters we were focused on getting the marinas ready for the beginning of the main boating season, which generates increased visitor turnover and a significant increase in short-stay arrivals, and we completed the first part of the investment cycle. During the half-year, we invested a total of HRK 47.9 milion in the system, and the investment cycle is to continue in the autumn. We continue to consider the strategic projects for the Company, and, in light of market changes, we have also carried out the Review of the Market and Financial Feasibility and Strategic Opportunity Analysis for the ACI AIR project. Activities related to the development of this project and other projects that are in the interest of the Company will continue. We are primarily dedicated to obtaining the location permit for the construction of a marina in Porto Baroš, Rijeka, as a joint venture of the newly established company ACI-GITONE, and of strategic importance is the extension of the concession contract periods, without which the future of the company is uncertain.
We can proudly say that this year marks the 39th anniversary of ACI's founding, and we would like to thank our long-time guests, business partners, other visitors to the marinas, and, above all, the employees, for their loyalty.
We are satisfied with the business results achieved in the first half of the year; however, significant results are expected over the coming period, since the boating season, especially the season of short-stay visits, is just beginning, says Mr Kristijan Pavić, President of the Management Bord.
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ACI dd published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 13:23:02 UTC.
Adriatic Croatia International Club za Djelatnost Marina dd, formerly Adriatic Croatia International Club dd, is a Croatia-based company active in the recreation sector. The Company operates a chain of approximately 20 marinas along the Croatian coast in such cities and towns as Rovinj, Pula, Pomer, Opatija, Cres, Supetarska Draga, Rab, Simuni, Zut, Piskera, Jezera, Vodice, Skradin, Trogir, Split, Milna, Vrboska, Palmizana, Korcula and Dubrovnik. The Company also manages Sailing Center Cres, which provides sailing courses and team building programmes and offers accommodation in several apartments. The Company is controlled by Ministarstvo Drzavne Imovine.