InterCapital
InterCapital

InterCapital

Coverage: Croatia
InterCapital is one of the leading financial services groups in South-Eastern Europe, offering full-service, sophisticated and tailor-made financial solutions to the region’s most significant corporations, institutional, and individual investors.
Location: Zagreb

Analysts

Latest articles from InterCapital

Valamar Riviera: Q1 21 – Cost management leads to an improved quarter

In Q1 of 2021, Croatian tourism observed a decrease in arrivals by as much as 44.7% and a decrease in tourist nights by 39.2%, as a result of the ongoing Covid-19 situation. Such a market condition affected the operations of Valamar, which noted a de...
InterCapital Tea
Tea Pevec @ InterCapital 6 May 2021

Arena Hospitality Group: Q1 21 – Challenging quarter as expected

In Q1 21, Croatian tourism observed a decrease in arrivals by as much as 44.7% and a decrease in tourist nights by 39.2%, as a result of the ongoing Covid-19 situation. Such a market condition affected the operations of Arena, which noted a sharp dec...
InterCapital Tea
Tea Pevec @ InterCapital 6 May 2021

Adris Group: Diversification has its merits

Sales of the Tourism segment amounted to HRK 41m and were 39.7% lower than in Q1 2020. The segment benefited from the closure of many restaurants which steered demand towards retail chains. Gross claims paid amounted to HRK 389.3m, which represents a...
InterCapital Tea
Tea Pevec @ InterCapital 6 May 2021

Hrvatski Telekom: Q1 21 – A solid quarter but profitability hurt by higher D&A

HT Group’s revenue in Q1 2021 increased 3.2% YoY, driven by the stronger performance on mobile (HRK 46m or +6.0%) and fixed revenue (HRK 12m or +1.5%), with partially lower System Solutions revenue (HRK 3m or -1.6%) due to different phasing of System...
InterCapital Tea
Tea Pevec @ InterCapital 6 May 2021

Atlantic Grupa: Solid Q1 Performance Clouded by High Base

Q1 2021 Atlantic Grupa recorded sales in the amount of HRK 1.2bn, representing a -2.4% YoY decrease. Note that this low single digit decrease is encouraging when considering that in Q1 2020 Atlantic Grupa’s sales were influenced by the stockpiling ef...
InterCapital Filip
Filip Gracin @ InterCapital 28 April 2021

AD Plastik Group: Market conditions still challenging but results encouraging

In Q1 2021 the AD Plastik Group recorded a -7.0% YoY decrease in sales which amounted to HRK 323.9m. When breaking down operating revenue by markets, the EU & Serbian market recorded sales in the amount of HRK 239m, which represents a -16.5% YoY decr...
InterCapital Filip
Filip Gracin @ InterCapital 28 April 2021