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AD Plastik Group: Strong Wind Blowing in the Wrong Direction

In H1 AD Plastik Group recorded a drop in sales revenue of 29.8% YoY, amounting to HRK 425.7m. For the second half of the year, the start of part of the production is announced, but due to the current situation full of uncertainties, a high caution r...
InterCapital Tea
Tea Pevec @ InterCapital 8 August 2022

Končar Group: Keeps delivering

Firstly, we note that in H1 results, Končar consolidated Dalekovod in the whole Group. In H1, we have seen a solid increase in operations concluded in the EU market with sales accounting for 39.6% of total sales. With the increase in business activit...
InterCapital Tea
Tea Pevec @ InterCapital 8 August 2022

Valamar Riviera: Strong Top Line to Compensate for OPEX Growth in Q3

Strong Q2 2022 shows that the top line is above our estimates, with all trends pointing towards 2019’s level. Adjusted EBITDA increased by 47% to HRK 28.9m. The adjustment refers to the effect of one-off items in 2022 and 2021. Breaking this down fur...
InterCapital Tea
Tea Pevec @ InterCapital 2 August 2022

Hrvatski Telekom: Mobile Revenue Supporting Top Line

In H1 2022, organic revenue increased by 0.5% and amounted to HRK 3.5bn, mainly driven by the strong mobile revenue, driven by higher mobile service and mobile non-service revenue, which offset the lower fixed non-service and System Solution revenue....
InterCapital Tea
Tea Pevec @ InterCapital 2 August 2022

Arena Hospitality Group: Strong Top Line Growth with Profitability Recovering

H1 2022 marked the continuation of the travel demand surge already recorded in Q1 2022, with strong occupancy growth and solid increase across all customer segments and Arena’s operating regions. Campsites also contributed 29% of the total revenue mi...
InterCapital Tea
Tea Pevec @ InterCapital 2 August 2022

Ready For Take-off

In H1 2022, Adris’ sales increased to HRK 2.69bn, representing a growth of 20.3% YoY. The growth was recorded across all business segments. Sales amounted to HRK 631m, an increase of 113% YoY, and 5% more than in 2019. The claims and benefits ratio d...
InterCapital Tea
Tea Pevec @ InterCapital 2 August 2022