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2022/08/10 / Erste Group Research


DARS wurde 1993 durch ihren 100%-Eigentümer, die Republik Slowenien, gegründet und ist für die Planung, Refinanzierung, den Bau, Betrieb und die Erhaltung sowie Bemautung des gesamten slowenischen Autobahn- und Schnellstraßennetzes mit einer Länge von 625 km verantwortlich.

Mit einer Bilanzsumme von rund EUR 5,1 Mrd. und 1.234 MitarbeiterInnen erholte sich der Umsatz 2021 um 17% auf EUR 470 Mio., während sich das Nettoergebnis auf EUR 113 Mio. fast verdoppelte.

Von den gesamten Finanzschulden, die 2021 auf EUR 1,7 Mrd. zurückgingen, entfallen ca. EUR 1,4 Mrd. auf Bankkredite. Eurobonds und ein Schuldschein sind mit einem Gesamtvolumen von ca. EUR 256 Mio. mit Laufzeiten bis 2037 ausstehend.

Die Kapitalmarktemissionen sind durch eine Garantie Sloweniens (A3/AA-/A) abgesichert.
S&P bewertet DARS mit A+/stabil unter der Annahme einer extrem hohen Wahrscheinlichkeit der Unterstützung durch die slowenische Regierung.

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General information

AuthorErste Group Research
Product nameCredit News DE
Topic in focusCredits/ Corporate bonds
Economy in focusSlovenia
Currency in focusEuro
Sector in focus-


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