Adris Grupa (ADRS) Q1 2024 earnings summary

Executive summary

• Adris Grupa operates in tourism, healthy food, and insurance, focusing on investment, management, and business transformation for efficiency and excellence.

• In Q1 2024, net profit reached EUR 7 million, with revenue from goods and services at EUR 178 million, both up 15% year-over-year.

• The group continues strong investments, especially in tourism, with EUR 114 million planned for 2024.

Financial highlights

• Consolidated operating revenue: EUR 56.8 million (up 14% year-over-year).

• Revenue from insurance contracts: EUR 121 million (up 16% year-over-year).

• EBITDA: EUR 16.1 million (down from EUR 22.2 million in Q1 2023).

• Net profit: EUR 7 million (down from EUR 16 million in Q1 2023).

• Basic/diluted EPS: -0.64 EUR (Q1 2023: -0.06 EUR).

Outlook and guidance

• Booking trends in tourism indicate strong demand for the high and post-season.

• Cromaris aims to strengthen its global leadership in organic Mediterranean white fish.

• The group continues to focus on digitalisation, cost efficiency, and business excellence.