IC Market Espresso 23 Jun 2021

 
2021 Dividend Payments Update
For today, we decided to present you with the list of Croatian and Slovenian companies which proposed/approved or already paid out a dividend in 2021.

The list below refers to CROBEX10 and SBITOP constituents.

Slovenia

wdt_ID Ticker DPS (EUR) DY (%) Ex-date Status
1 CICG 21,00 8,90 22 June 2021 Approved
2 KRKG 5,00 5,20 20 July 2021 Proposed
3 LKPG 1,00 4,60 25 August 2021 Approved
4 NLBR* 1,24 2,40 18 June 2021 Approved
5 PETG 22,00 6,10 4 August 2021 Approved
6 POSR 0,85 3,60 8 June 2021 Approved
7 TLSG 4,50 8,90 30 July 2021 Approved
8 ZVTG 1,70 5,30 8 June 2021 Approved

*The first instalment in the total amount of EUR 12.0m immediately after the GSM (EUR 0.6 DPS), and the second instalment in the total amount of EUR 12.8m after 30 September 2021, if the payment or assumption of the obligation to pay the second instalment were not contrary to the regulations, which currently apply on domestic level from Bank of Slovenia (EUR 0.64 DPS). The proposed amount represents the maximum amount currently allowed by ECB, while the Bank’s ambition to distribute in total EUR 92.2m (EUR 4.61 DPS) out of 2020 Group profit remains in place.

Croatia

wdt_ID Ticker DPS (HRK) DY (%) Ex-date Status
1 ADRS 12,50 2,70 13 July 2021 Proposed
2 ADRS2 12,50 3,00 13 July 2021 Proposed
3 ADPL 8,00 4,20 21 July 2021 Proposed
4 ATGR 40,00 2,65 23 June 2021 Approved
5 ERNT 82,00 5,10 1 July 2021 Proposed
10 PODR 9,00 1,60 28 July 2021 Proposed
9 HT 8,00 4,30 5 May 2021 Approved
11 KOEI 5,80 0,80 15 June 2021 Approved

As visible from the table, all Slovenian blue chips have proposed a dividend payment in 2021, while majority of CROBEX10 constituents have done the same.

Luka Koper has received 2 dividend counterproposals from SDH (EUR 1.14 per share) and VZMD (EUR 1.4 per share). link

Passenger Car Registration in EU up by 53% in May 2021
In May, Croatian market noted an increase of 105.2% YoY, to 4,467 cars.

In May 2021, passenger car registrations in the EU rose by 53.4% compared to last year, totaling 891,665 units. However, May’s result is still far below the 1.2m cars that were sold in May 2019 (c. -26%). When looking at the EU member states Spain witnessed the biggest increase (+177.8%). The EU’s three other key car markets also did well in May: France +46.4%, Italy +43.0% and Germany +37.2%.

When observing the development since the beginning of the year, EU demand for new cars increased by 29.5%, reach 4.3m units registered in total. The steep declines in the first two months of 2021 were offset by strong rises in March, April and May. Each of the four major markets posted double-digit percentage increases so far this year: Italy (+62.8%), France (+50.1%), Spain (+40.0%) and Germany (+12.8%).

When observing the situation in the region, Croatia posted an increase of 105.2% YoY in May, reaching 4,467 cars. In the meantime, Slovenia noted only a slight increase of 3.5%, to 5,261 cars.

If we were to look at the car registration since the beginning of the year, one can note that Croatian market noted an increase of 44% (to 19,088 cars), while the Slovenian market noted an increase of 20.5% (to 25,833 cars).