Report

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
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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