In 9M 2021 Kras recorded an 11% YoY increase in sales. Meanwhile, EBITDA is up by 15.8% YoY, while net profit amounted to HRK 34.08m (+30.6%).

Yesterday, Kras published their 9M 2021 results, showing a 11% increase in sales, which amounted to HRK 744m. Of that, HRK 408.2 (or 55%) was generated in the domestic market, while HRK 335.8m (or 45%) relates to the export markets. Compared to the same period last year, domestic sales went up 12%, while foreign sales went up 9.7%.

Other operating revenues decreased by HRK 24.6m as company received a (one off) collection of receivables from Saudi Arabia in the previous year which was not realized.

EBITDA is up 15.8%, amounting to HRK 82.5m, while EBITDA margin increased slightly to 10.9% (+0.84 p.p.).

Below the operating line, Kras’ net financial result turned positive to HRK 1.7m from last year’s negative result of HRK -2.4m. Finally, net profit to majority amounted to HRK 34.08m, representing a 31% YoY increase.

Kras 9M Key Financials