Earnings Report /
Croatia

Podravka Group: Results improved by strong Q3

  • 3Q's strong summer tourist season and increase in domestic spending season pushed sales up 7.4% yoy

  • EBITDA amounted to HRK492m, with growth accelerating to 13% yoy surpassing our growth for 2021 estimated at 5% yoy

  • Podravka’s 9M bottom line stand at 93% of our FY estimate, and we see the results to be supportive for the share price

Tea Pevec
Tea Pevec

Head of Research

InterCapital
29 October 2021
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