Končar Group showed another solid quarter, with Q3 sales increasing by as much as 69% YoY, amounting to HRK 1.39bn. transformer segment noted an increase in sales of as much as 45.6%, reaching HRK 2.51bn. As a result of all of the above, EBITDA obser...

In 9M AD Plastik Group recorded a drop in sales revenue of 24.9% YoY, amounting to HRK 612.1m. In 9M EBITDA was down from HRK 97.5m to HRK -63.4m YoY, primarily due to mentioned lower sales. Finally, AD Plastik’s bottom line is down from HRK 23m to H...

In 9M 2022, HT’s organic revenue increased by 2.8% to HRK 5.5bn, driven by growth in core fixed and mobile services. Organic adjusted EBITDA AL amounted to HRK 2.15bn, which is an increase of HRK 22m or 1.1%. Organic net profit to majority amounted t...

In Q3 2022, total revenue amounted to HRK 512.8m, an increase of 43% YoY. Compared to 2019, this is an increase of 21%. EBITDA increased by 68.9% YoY and amounted to HRK 274.6m, while compared to 2019, this is an increase of 10%. Finally, the net inc...

In 9M 2022, Adris’ sales amounted to HRK 4.93bn, an increase of 18% YoY. Tourism segment: Adris sold 1.75m units in 9M 2022, an increase of 30% YoY, and 98% of 2019’s level. Insurance segment: The Croatian insurance market increased by 7% in 9M 2022.

9M 2022 was in line with our expectations of a 50% YoY increase in top-line and decrease in operating profitability. Given the current inflationary pressures, operating profitability already suffered, and we expect it to continue. On the level of 202...