Kraš Group's operating results in the third quarter of 2022 confirm the continuation of stable operations, despite numerous market uncertainties and changes in circumstances in the recent period. Consolidated total revenues in the period from January to September 2022 amount to HRK 824.89 million, which is HRK 65.68 million or 8.7 percent more compared to the same period of the previous year, while total consolidated expenses were realized in the amount of HRK 780.9 million and 8.8 percent higher than last year. After covering the total operating expenses at the end of the third quarter, the profit before taxation was realized in the amount of HRK 43.99 million, with a growth of 5.9 percent compared to the same period last year.
"Given the ubiquitous instability in almost all industries and branches of the economy, we can be satisfied with the results for the first nine months, but we can still look to the future with caution and plan our activities accordingly. Namely, thanks to the efforts and activities of all our employees, the increase in income is visible. Nevertheless, expenditure growth is faster, which is a consequence of the macroeconomic situation in Europe and the world, but also in Croatia. The main goal was, and still is, to maintain the company's profitability in the period ahead, to the satisfaction of employees, shareholders, business partners, and consumers," said Slavko Ledić, president of the Kraš Management Board.
In the total revenues of the third quarter of 2022, sales revenues amounted to HRK 807.98 million, while other business revenues amounted to HRK 10.81 million, and financial revenues to HRK 6.1 million. Revenues from sales on the domestic market amounted to HRK 443.38 million, i.e. by 10.1 percent more compared to last year, while revenues from sales abroad amounted to HRK 357.1 million with an increase of 6.4 percent. . At the same time, sales growth compared to last year was recorded in all product categories.
Although the economic trends are unfavorable, the total volume of sales is 27,147 tons, or 433 tons or 2 percent more compared to the same period last year. Quantitative growth in sales was achieved both on the domestic and export markets.
The reported net profit of the Kraš Group at the end of the third quarter of 2022 is HRK 36.16 million, which is HRK 2.08 million or 6.1 percent more compared to the same period last year. EBITDA amounts to HRK 87.93 million and is at the level achieved in the same period last year, while the EBITDA margin is 10.74 percent.