Earnings Report /
Croatia

AD Plastik Group: Dismal 3Q sinks our FY estimate

  • In Q3 AD Plastik Group recorded a drop in sales revenue of 23.6% YoY due to disruptions in the supply of semiconductors

  • The factories of AD Plastik Group have been adjusting to the operational plans of their customers which are uncertain

  • 9M net income to majority reached only 40% of our FY estimate so we believe it is unlikely that it will be realized

Tea Pevec
Tea Pevec

Head of Research

InterCapital
28 October 2021
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