To put things into a perspective, the deal accounts for roughly 11% of the company’s TTM consolidated sales.
Končar (KET) and Končar(GIM) signed a contract with HEP Generation for the replacement of primary equipment in the main HPP Senj. The contract on replacement of primary equipment in HPP Senj covers all three units (A, B and C). It includes replacement of the generator, excitation system and voltage regulator, replacement of turbines, turbine governors and turbine-inlet valves, replacement of generator voltage equipment, as well the connection of all units, newly installed systems and equipment into one functional unit.
The works will commence in 2022 and will be completed in 2026.
The contract is worth HRK 330m, and it will be performed as part of the HPP Senj reconstruction and refurbishment project which will increase the power plant’s power by 20 MW.
To put things into a perspective, the deal accounts for roughly 11% of the companys TTM consolidated sales.
The share price closed at HRK 188.5 per share, representing a decrease of 2.33%.
HT went ex-date yesterday, with the share price closing at HRK 188.5 per share (-2.3%). Meanwhile, the share reached HRK 186 per share at the lowest point yesterday (-3.6%). As a reminder, the shareholders approved the distribution of the net profit from 2020. To be specific, net profit amounting to HRK 641.9m would be used for the pay-out of dividend to shareholders, while the remaining part of the net profit in the amount of HRK 61.9m would be allocated to retained earnings.
Such a dividend payment translated to HRK 8 per share, the same as paid in the previous year, while the pay-out ratio of Croatian Telecom Inc. stands at 91%. Dividend yield is 4.3%, compared to the share price a day before the dividend proposal.
Dividend per Share (HRK) and Dividend Yield (%) (2008 – 2021)*
*compared to the share price a day before the dividend proposal
In the first 4 months of 2021, Croatia observed fall in tourist arrivals by 8.4% YoY and a fall in tourist nights by 12.7% YoY.
Given that Easter occurred in April, it is particularly interesting to see the development of Croatian Tourism in the previous month. According to the report of the Croatian National Tourist Board, in April 2021 Croatia observed a sharp increase in arrivals, which reached 0.24m (vs. only 9,724 in April 2020). Meanwhile, tourist nights reached 0.85m, representing an increase of 116.1% YoY. Such a result could be attributed to a very low base, given that virtually entire Europe was under a lockdown back in April of 2020.
However, the figures are somewhat encouraging, especially given that as much as 61.9% of the nights realized come from foreign tourists. Of that, tourists from Germany lead the list with 13.6% of total nights realized, followed with tourists from Slovenia (13.3%).
When observing the arrivals realized in April by counties, Istria leads the list with 28.2% of the total arrivals and most tourist nights (31.7%). Turning our attention to the type of accommodation, one can observe that hotels accounted for 36% of total nights.
When observing the tourist development since the beginning of the year, tourist arrivals are still down by 8.4% YoY, while tourist nights noted a decrease of 12.7% YoY.