According to the unaudited consolidated reports for 4Q2024, Adris Grupa achieved total consolidated revenue of EUR 1.1 billion, which is 11% more y-o-y, the Group said in its press release.

Revenue from the sale of goods and services amounted to EUR 1 billion (+10%). Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 185 million (+8%). Reported net profit for 2024 is EUR 87 million (+6%).

In 2024, the Group invested EUR 201 million in the growth and development of its business, of which EUR 87 million in the development of green energy projects. The Group's consolidated debt is 1.3 times EBITDA, which indicates low debt and financial stability of the system, as well as significant investment potential for further growth and development.

The tourism part of the Group generated revenue from the sale of goods and services in the amount of EUR 326 million (+6%), earnings before interest, taxes, depreciation and amortization (EBITDA) in the amount of EUR 100 million (+11%). EBIT in 2024 amounted to EUR 50 million. Profit before tax was EUR 46 million (+8%). Investments in the Group's tourism business in 2024 amounted to EUR 92 million.

In 2024, Croatia osiguranje achieved consolidated insurance sales revenue, including regional branches, of EUR 541 million, which is 14% more y-o-y. At the same time, consolidated net profit (before minority interests) amounted to EUR 61.1 million (+5%). In November 2024, Fitch assigned Croatia osiguranje a long-term financial strength rating of A- with a stable outlook. Croatia osiguranje thus became the first insurance company in Croatia to receive an external rating from one of the world's most famous rating agencies.

In 2024, Cromaris achieved revenue from the sale of goods and services in the amount of EUR 108 million (+3%). Cromaris continues to achieve a high share of sales in foreign markets – 86% of sales volume and 85% of sales revenue. In export markets, the highest revenue growth was achieved in the French and Polish markets. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 13 million (+4%). Cromaris achieved a net profit of EUR 4.2 million in 2024, an increase of 10%.

“Adris Group achieved successful business results in 2024. At the consolidated level, with significant revenue growth, we also achieved growth in operating profit and net profit despite the growth in costs in all business segments of the Group and in almost all categories, as well as a significant increase in employee material rights”, commented Marko Remenar, President of the Adris Group Management Board. “In implementing our strategy, we are investing in the most resilient business segments, such as luxury tourism, in diversification and strengthening the resilience of the system, through green energy, and in complementary activities, such as healthcare. At the same time, we are strengthening the competitiveness and operational efficiency of all business segments through digital transformation. Despite significant investments, the Group remains financially stable, low-debt and financially potent”, added Marko Remenar.