Main feature of
Podravka Group business results for the first nine months of 2015, as
determined during sessions held by Podravka d.d. Management and Supervisory
Boards is continued positive business trends on all levels. In line with this, Podravka Group net
profit for the first nine months 2015 is HRK 131 million, which is a
significant growth (60 %) comparing to the same period the year before, when
net profit was HRK 82 million.
Podravka Group sales revenue
in the first nine months 2015 continue to grow and amount to HRK 2,561.4
million. Strategic Business Area
Food realized sales revenues amounting to HRK 1,996.6 million, which is 1.8
percent growth, while without the influence of the exchange rate differences,
sales revenue growth increase would be 2.2 percent. Sales revenues from own brands within the Strategic
Business Area Food increased by 3 percent, and completely compensating for
reduced revenues from commercial goods sales. After a long period, Food segment was not encumbered
with severance payment costs, and it achieved HRK 110.5 million net profit,
which is strong growth of this profitability indicator by 139.9 percent,
comparing to the year before, when it was HRK 46.2 million.
Sales revenues from the
Strategic Business Area Pharmaceuticals amounted to 564.8 million, which is
1.6% growth comparing to the year before, due to negative influence of the
proscribed price reduction of prescription medications, as requested by the
Croatian health Insurance Institute, and due to the depreciation of the Russian
ruble. Net profit of the Pharmaceuticals
segment amounted to 20.5 million in the first nine months 2015, and is under
already stated strong negative influence.
When it comes to markets of
Podravka Group, it should be mentioned that the main growth initiator in the
observed period is Adria region with 2.9 percent sales increase comparing to
the first nine months 2014. The
stated growth is a result of the organic and inorganic sales revenue growth in
the mentioned region.
"After a long period of
time Podravka offers an abundance of good news. This year will be a year to remember. Good results achieved, share revenue
increase, realized acquisition, building factories, opening of new markets. Published results show that we are
significantly better than the previous and earlier years. Our net profit has increased by 60 percent,
in spite of negative influence of the exchange rate differences. This is the third quarter in the row to
have achieved significantly better business indicators, comparing to the same
period, and significantly better indicators comparing to the situation in the
market. Let me just mention that the Russian ruble
deceased our result by almost HRK 40 million. A lot of work and knowledge has been invested in
creation of this new and better Podravka. We have completed one stage which seemed quite
difficult, and more and more challenge lies ahead. Achievements, team and cumulated experience and
knowledge can provide us with a chance that we are ready and capable of
responding to this. This year is not our
goal, it is our beginning because in significant measure we have become aware
of how much we actually can" –
Zvonimir Mršić, Podravka Management Board president said on the occasion of
publishing these business results.
When it comes to the price of
Podravka share, in first nine months 2015 the price of Podravka share increased
by 11.1%, exceeding indices Crobex and Crobex10, which in the same period
realized 3,4% and 2,8% decrease respectively.
Source of information:
PODRAVKA d.d.
Corporate Communications
A. Starčevića 32; HR - 48000 Koprivnica
tel. 048 653 124
fax. 048 622 008
web: www.podravka.com
e-mail: press@podravka.hr