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: Improvement in Q2 Expected

In Q2 of 2021 tourist activity in Croatia picked up, evidenced by increase in arrivals of as much as 117% and an increase in tourist nights by 83% YoY. Increase in vaccination rates in Croatia’s tourism inbound countries and subsiding in number of da...
InterCapital Tea
Tea Pevec @ InterCapital 30 July 2021

Adris Group: Strong results in insurance; hospitality prepared for take-off

In H1 2021 Adris’ sales amounted to HRK 2,237m which represents a strong 17% YoY increase. As a result, in H1 2021, Cromaris sold 5,520 tons of fish which represents a 17% YoY increase. Insurance segment: Adris’ result was further backed by a strong ...
InterCapital Tea
Tea Pevec @ InterCapital 30 July 2021

Arena Hospitality Group: Q2 shows improvement on all lines

Reopening of economies from June has positively affected the operations of Arena, so Q2 results show improvement on all lines. We note that the increase could be attributed to strong Q2 (HRK 41.5m) and weak Q1 of HRK 5.1m as the Group returned to usu...
InterCapital Tea
Tea Pevec @ InterCapital 29 July 2021

Hrvatski Telekom: Operating profitability in line with our estimates

In 2Q consumer spending and ultimately sales of mobile devices improved further so HT Group’s H1 2021 increased by 3.4%. Slightly lower prepaid was offset by increased revenue from visitors. On the level of Croatian entity post-paid customer base is ...
InterCapital Tea
Tea Pevec @ InterCapital 29 July 2021

Končar Group: On the way to deliver 2021 target

Končar Group showed another strong quarter, with Q2 sales increasing by as much as 22% YoY. On a H1 level, sales are up by 18.8% YoY, reaching HRK 1.59bn. In H1, we have seen a solid increase of operations concluded on the EU market with sales accoun...
InterCapital Dino
Dino Dürrigl @ InterCapital 29 July 2021

Atlantic Grupa: Strong Q2 Leads to Growth on All Lines

In H1 2021 Atlantic Grupa recorded sales in the amount of HRK 2.7bn, representing a 9.6% YoY increase. The growth is mainly based on the increase in sales of principals Ferrero, Phillips, Rauch and Red Bull. Meanwhile, the pharmacy chain Farmacia rec...
InterCapital Filip
Filip Gracin @ InterCapital 29 July 2021