Note that in 2018, 50% of the revenue of the company was related to the business with Aluminij Mostar.

Luka Ploče published an announcement regarding the newly emerged situation by closure of production in Aluminij Mostar. The company notes that the closing of production in Mostar factory, which occurred on 10 July 2019, will have a significant impact on the company’s operations.

It is noteworthy that the Mostar factory has informed Luka Ploče that they won’t be able anymore to fulfill contractual obligations.

Luka Ploče further states that in 2018, 50% of the revenue of the company was related to the business with Aluminij Mostar, and total quantity of goods loaded in a port directly or indirectly linked to Aluminum was 233,000 tons.  

As a reminder, earlier this week, Energia Naturalis has announced a takeover bid for Luka Ploče at HRK 412 per share. The mentioned takeover bid, came as a result of the regulatory requirement, as Energia Naturalis has passed the 25% threshold and currently holds 25.62% of the shares of Luka Ploče.

The shareholders approved a dividend of HRK 12.5 per share minus advance payment paid out in the amount of HRK 3 per share. At the current share price, the total dividend yield would be 6.5%. Note that the ex-dividend date is 17 July 2019.

AD Plastik held a General Assembly meeting in which the shareholders approved a dividend of HRK 12.5 per share minus advance payment paid out in the amount of HRK 3 per share. As a reminder, earlier this year, the company proposed an advance dividend of HRK 3.00 per share this year, whose ex-dividend date was 8 March 2019.

At the current share price, the total dividend yield would be 6.5%. Note that the ex-dividend date is 17 July 2019.

In the graphs below, we are bringing you a historical overview of the company’s dividends per share and dividend yield.

In May 2019, Croatia observed the arrival of 1.6m tourists (-4.5% YoY), while tourists nights amounted to 4.9m (-14.6% YoY).

Croatian Bureau of Statistics published a document about tourism in May 2019. According to the report, May recorded the arrival of 1.6m tourists, which represents a decrease of 4.5% YoY. Meanwhile, tourist nights amounted to 4.9m, representing a decrease of 14.6%.

Domestic tourists observed an increase of 7.9% in arrivals and 10.1% in tourist nights. Meanwhile, foreign tourists recorded a decrease of 6.2% in arrivals and a 16.7% decrease in tourist nights.

Tourist Arrival & Tourist Nights (Jan – May) (million)

In May, the most foreign tourist arrivals and nights were recorded by tourists from Germany (208 thousand arrivals and 973 thousand nights), which make up for 15.4% of the total foreign tourist arrivals and 21.9% of the total tourist nights. These were followed by the nights by tourists from Austria (10.8%), United Kingdom (10.7%), Slovenia (8.3%), the USA (4.4%), Poland (4.2%), France (3.9%) and the Netherlands (3.5%)

Dubrovnik once again observed the largest number of both tourist arrivals (159 thousand) and tourist nights (471 thousand). Compared to May 2018, tourists in Dubrovnik realised an increase of 9.7% in arrivals and of 2.3% in nights.

In May 2019, there were 249 thousand rooms, apartments and camping sites available, with more than 638 thousand permanent beds. In the group Holiday and other short-stay accommodation, tourists had 94 thousand rooms and apartments at their disposal (37.9% of the total number of available rooms and apartments) with a total of 246 thousand permanent beds (38.5% of the total number of available permanent beds).

In the group Hotels and similar accommodation, more than 77 thousand rooms and apartments were at disposal (31.2% of the total number of available rooms and apartments) with more than 162 thousand permanent beds (25.3% of the total number of available permanent beds). Average occupancy rate of rooms was 57.8% and of permanent beds it was 52.7%.

As a reminder, earlier this week the Ministry of Tourism of the Republic of Croatia published an announcement regarding tourism in Croatia in H1 2019 which you can read about here.