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.