At the meeting held in Rovinj today, the Supervisory Board of Adris grupa considered and accepted the revised consolidated and unconsolidated annual financial statements for 2021 and adopted the proposals for decisions put forward by the Supervisory Board to the General Assembly. The Management Board of the Company has decided to convene the General Assembly, which will be held on 10 June 2022 at 1 pm at the company headquarters in Rovinj.
Explaining the 2021 business results, the President of the Management Board Marko Remenar pointed out that Adris grupa had successfully done business during the second year of the pandemic. According to Remenar, such good results are based on good diversification of the business portfolio, significant agility and ability of the Group to quickly adapt to emerging market and economic developments, and the dedicated work of the employees. The company took advantage of another pandemic year to rationalise the system and digitise numerous business processes, realise investment projects with the highest rates of return and prepare strategic investment projects of the Group. In doing so, the focus was on the quality of the service delivered and the quality of the product, as the main determinants of the sustainability of the business. The business and financial result achieved in 2021 gives us the stability and strength necessary for further business growth and realisation of business and financial goals during the uncertain circumstances in which we live and work, concluded Remenar.
As mentioned above, the total revenue achieved in 2021 amounts to HRK 5.7 billion, which is 20% more compared to the previous year. Revenue from the sale of goods and services in 2021 amounts to HRK 5.3 billion, which is 22% more than the revenue achieved in 2020. Consolidated earnings before interest, tax depreciation and amortisation (EBITDA) amount to HRK 1.02 billion, which is 4% less than EBITDA achieved in pre-pandemic 2019. The net profit generated in 2021 amounts to HRK 403 million.
After the presidents of the management boards of Croatia osiguranje, Maistra and Cromaris (Davor Tomašković, Tomislav Popović and Ivan Leko) presented the key features of the business operations of companies within Adris grupa in 2021, the Supervisory Board adopted financial reports and, together with the Management Board, proposed to the General Assembly, along with other proposals for decisions, the adoption of a decision on the payment of dividends in the amount of HRK 15.50 per share. The dividend will be paid out of retained earnings generated by the Company’s operations in the period from 2005 until the end of 2011. The right to pay dividends belongs to all shareholders of the Company who, on 15 June 2022, are registered as shareholders in the depository of the Central Depository and Clearing Company. The dividends will be paid out on 5 July 2022.
The call for the General Assembly will be published on the website of the Court Register. Along with the entire prescribed content, reports and other materials for the General Assembly, the call will also be published on the website of Adris grupa —www.adris.hr.
Comment of the President of the Supervisory Board Ante Vlahović, MSc
Offering an overview of the business results and the situation in the company, the long-time president of the Management Board and the current president of the Supervisory board, Ante Vlahović, said:
“Our goals are clear. We have focused all our efforts on the long-term growth and sustainability of the company.
Truth be told, the pandemic has slowed us down. However, compared to others and considering the circumstances, our businesses are doing well. Tourism has fared better than other segments, according to various criteria, while insurance and health food have recorded growth. Moreover, ever since Croatia osiguranje has been a part of Adris, it has never seen better results. Liquidity has remained strong beyond doubt, capital value has been preserved and investment potential has remained equally high.
Adris has not restrained its ambitions."
- Adris grupa Notice on the Supervisory Board meeting and invitation to General Assembly 13042022 DOC — 70 KB