Interim Financial Report for period January – September 2021 (unaudited)
October 21, 2021
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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
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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Adriatic Croatia International club dd published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 13:25:08 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.
ADRIATIC CROATIA INTERNATIONAL CLUB, ZA DJELATNOST MARINA D.D. 
