Kraš 2018 Preliminary Results

In 2018, Kraš recorded a decrease in revenues of 1.2%, an increase in EBITDA of 10.3% and an increase in net income of 64.3%.

As Kraš published their 2018 preliminary results, we are bringing you some key takes from the report. According to it, Kraš recorded operating revenues of HRK 1bn, which represents a decrease of 1.2%. Of the operating revenues, HRK 547.4m was recorded on the domestic market, while HRK 466.9m was recorded on the foreign market.

Kraš Revenues (2015 – 2018) (HRK m)

Further, when observing operating expenses, they decreased by 2.4%, amounting to HRK 957.1m.

EBITDA amounted to HRK 116,2m, which represents an increase of 10.3% YoY. Meanwhile, EBITDA margin increased by 1.2p.p., amounting to 11.4%.

Going further down the P&L, Kraš recorded a net financial result of HRK -2.4m compared to HRK -14.1m in 2017. The better net financial result in 2018 resulted in a higher EBT of 56.6%, amounting to HRK 62.6m. Meanwhile net income increased by 64.3%, amounting to HRK 50.9m.

Also note that in 2018, the company finalized its Cap hike in which they gathered HRK 50.5m. Through the process, Kraš released 125 000 new shares.

Kraš EBITDA & Net Income (2015 – 2018) (HRK m)
Category : Flash News

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