Ledo joint-stock company for the production and marketing of ice cream and frozen foods, Zagreb, Čavićeva 1a, MBS: 080002964, OIB: 87955947581, responsible person: Dario Vrabec, (hereinafter: Issuer), pursuant to Article 464 of the Capital Market Act and Article 19 (1) of Regulation (EU) No. 596/2014 on market abuse and Article 2 of the Commission’s Implementing Regulation (EU) 2016/523, informs of the following:
Pursuant to Article 12 paragraph 9 of the Act on Extraordinary Administration Procedure in Companies of Systemic Importance for the Republic of Croatia, the Extraordinary Commissioner is obliged to submit a monthly report on the economic and financial condition of the companies which are a part of the procedure of extraordinary administration, including the Issuer.
Therefore, the Issuer hereby simultaneously notifies the public about the business results and financial information from the aforementioned Extraordinary Commissioner's report relating to the Issuer for the first eight months of the year 2017.
1.1.1.1. Financial results from the beginning of the year and key financial performance indicators
In this respect, the Issuer informs the public as follows:
|
Financial results * |
I-VIII 2017 (mil. HRK ) |
|
REVENUE |
821 |
|
EBITDA |
199 |
|
EBITDA % |
24,3% |
|
Key financial performance indicators |
I-VIII 2017 |
|
Gross margin % |
45% |
|
Days of collection of receivables |
87 days |
|
Inventory days |
72 days |
*Note: estimated results
1.1.1.2. Comments on the current business activities
• Revenue of Ledo during August was affected by the loss of certain customers in the HoReCa chanell due to liquidity problems in the first quarters of 2017.
• During August, Ledo continued with the implementation of cost reduction measures and improving business processes in logistics.
• Inventory days improved compared to July as a result of optimizing the business relations between procurement, production and needs of sales.
The Issuer acknowledges that it will continue to notify of any further actions or decisions made in the restructuring process, which are deemed to be proprietary information in accordance with the applicable regulations.
Ledo d.d. Zagreb
Source of information:
Ledo d.d.
Marijana Čavića 1a
10000 Zagreb
Telefon: 01 2385 723
Telefax: 01 2385 686
e-mail: financije@ledo.hr
web: www.ledo.hr
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