In Q1 Kraš observed flat sales, decrease in EBITDA of 13.6% YoY and an increase in net income of 34%.
As Kraš published their Q1 2019 report, we are bringing you key takes from it. According to the report, the company observed flat sales of HRK 221.3m. Of that, sales in the foreign market accounted for HRK 112.1m which represents an increase of 10.1% YoY. The company notes that besides an increase in exports through affiliate companies in B&H, Macedonia and Serbia, they also recorded an increase in exports in the Western European and Central European market. On the other hand, sales on the domestic market accounted for HRK 112.2m, which represents a decrease of 6.1%.
Operating Revenues (Q1 2019 vs Q1 2018) (HRK m)
When observing operating expenses, the company observed an increase of 1.3%, amounting to HRK 217.1m (HRK +2.8m). Consequently, Kraš observed a decrease in EBITDA by HRK 2.8m (-13.6%), amounting to HRK 17.8m.
Going Further down the P&L, Kraš turned a net financial loss from Q1 of HRK -3m to a gain of HRK 1.04m in Q1 2019, which helped in the improvement of the bottom line.
In Q1 net income amounted to HRK 5.4m, which is an increase by HRK 1.4m (+34%) compared to the same period in the previous year.
