Report

Adris grupa 4Q 20 - Insurance and Food business more resilient to COVID-19

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
Underlying
Adris Grupa d.d. Pfd.

Provider
Raiffeisen Bank International AG - Institutional Equity
Raiffeisen Bank International AG - Institutional Equity

The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.

The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.

Analysts
Silvija Kranjec

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