Adris Grupa d.d. Pfd.

  • TickerADRS2-R-A
  • ISINHRADRSPA0009
  • ExchangeZagreb Stock Exchange
  • SectorTobacco
  • CountryCroatia
Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris grupa Q2 21 - Tourism segment exceeded our expectations

Q2 21 EBITDA of the Tourism segment surpassed our estimates Croatia osiguranjes business activities severely impacted by adverse weather conditions Top line of Cromaris continued to grow at a double-digit percentage figure yoy We see the results as neutral

Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris grupa Q1 21 - Food business and insurance continue to drive grow...

Croatia osiguranjes GWP declined in Q1 21, net earned premiums above expectations Top line of Cromaris significantly surpassed our estimates Tourism business still strongly affected by imposed pandemic measures in domestic and most important inbound tourism markets We reckon with a neutral market reaction on the published figures

Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris grupa 4Q 20 - Insurance and Food business more resilient to COVI...

Croatia osiguranjes yoy growth of GWP in Q4 20 was above market average in Croatia Top line of Cromaris was boosted by a strong export to the Italian market Tourism business was significantly impacted by stricter pandemic measures in Q4 20 We reckon with a neutral market reaction

Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris reinitiated at HOLD, TP HRK 451 - Smart decisions lead to divers...

Tourism business was negatively affected by the COVID-19 crisis but the food industry and insurance SBUs successfully mitigated part of the adverse effect on the groups top and bottom lines Strong performance in cash generation is expected in the following years We reinitiate our coverage with a HOLD recommendation for preferred shares and a HOLD recommendation for common shares Adris grupa has proven its excellence in managing the operating activities of its three strategic business units (SBU) - tourism, food industry and insurance - and 2020 was no exception. Although the tourism business...

CEZ CEZ A.S. (Oil & Gas)
SPL Santander Bank ... (Oil & Gas) ... (+10)

Raiffeisen Centrobank Equity Daily 28.04.2020

 AT: AT&S - Apple reportedly to slow down manufacturing of 5G iPhone (negative)  CZ: CEZ - Government approved nuclear power plant construction agreement on Monday, conditions seem fair (positivel)  HR: Adris - The company does not propose a FY 19 DPS (negative)  PL: PKN/Energa - Completion of Energa purchase (neutral)  PL: Santander Bank Polska - 1Q net profit 30% below RCBe and consensus due to weak other result and higher COR (negative)  RO: Banca Transilvania, BRD-GSG - Private loans were up by 0.6% mom in March (neutral)  RO: Fondul Proprietatea - Nuclearelectrica's s...

CEZ CEZ A.S. (Oil & Gas)
SPL Santander Bank ... (Oil & Gas)
ATS AT&S Austria Te... (Industrial Goods & Services)
PKN PKN ORLEN S.A. (Personal & Household Goods)
ICD ENERGA SA (Utilities)
BRD BRD-Groupe Soci... (Banks)
TLV Banca Transilva... (Financial Services)
TGN Societatea Nati...
FP S.C. Fondul Pro...
ADRS2-R-A Adris Grupa d.d...
Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris grupa Q2 21 - Tourism segment exceeded our expectations

Q2 21 EBITDA of the Tourism segment surpassed our estimates Croatia osiguranjes business activities severely impacted by adverse weather conditions Top line of Cromaris continued to grow at a double-digit percentage figure yoy We see the results as neutral

Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris grupa Q1 21 - Food business and insurance continue to drive grow...

Croatia osiguranjes GWP declined in Q1 21, net earned premiums above expectations Top line of Cromaris significantly surpassed our estimates Tourism business still strongly affected by imposed pandemic measures in domestic and most important inbound tourism markets We reckon with a neutral market reaction on the published figures

Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris grupa 4Q 20 - Insurance and Food business more resilient to COVI...

Croatia osiguranjes yoy growth of GWP in Q4 20 was above market average in Croatia Top line of Cromaris was boosted by a strong export to the Italian market Tourism business was significantly impacted by stricter pandemic measures in Q4 20 We reckon with a neutral market reaction

Silvija Kranjec
  • Silvija Kranjec
ADRS2-R-A Adris Grupa d.d... (Personal & Household Goods)

Adris reinitiated at HOLD, TP HRK 451 - Smart decisions lead to divers...

Tourism business was negatively affected by the COVID-19 crisis but the food industry and insurance SBUs successfully mitigated part of the adverse effect on the groups top and bottom lines Strong performance in cash generation is expected in the following years We reinitiate our coverage with a HOLD recommendation for preferred shares and a HOLD recommendation for common shares Adris grupa has proven its excellence in managing the operating activities of its three strategic business units (SBU) - tourism, food industry and insurance - and 2020 was no exception. Although the tourism business...

CEZ CEZ A.S. (Oil & Gas)
SPL Santander Bank ... (Oil & Gas) ... (+10)

Raiffeisen Centrobank Equity Daily 28.04.2020

 AT: AT&S - Apple reportedly to slow down manufacturing of 5G iPhone (negative)  CZ: CEZ - Government approved nuclear power plant construction agreement on Monday, conditions seem fair (positivel)  HR: Adris - The company does not propose a FY 19 DPS (negative)  PL: PKN/Energa - Completion of Energa purchase (neutral)  PL: Santander Bank Polska - 1Q net profit 30% below RCBe and consensus due to weak other result and higher COR (negative)  RO: Banca Transilvania, BRD-GSG - Private loans were up by 0.6% mom in March (neutral)  RO: Fondul Proprietatea - Nuclearelectrica's s...

CEZ CEZ A.S. (Oil & Gas)
SPL Santander Bank ... (Oil & Gas)
ATS AT&S Austria Te... (Industrial Goods & Services)
PKN PKN ORLEN S.A. (Personal & Household Goods)
ICD ENERGA SA (Utilities)
BRD BRD-Groupe Soci... (Banks)
TLV Banca Transilva... (Financial Services)
TGN Societatea Nati...
FP S.C. Fondul Pro...
ADRS2-R-A Adris Grupa d.d...

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