Kraš Group Records Revenue and Sales Growth in the First Half of the Year

The business results of Kraš Group in the first half of 2022 confirm stable growth across all segments, despite current events and challenges in global markets that have brought instability in energy and raw material prices and increased operating costs. Consolidated total revenues amount to 543.56 million kuna, which is an increase of 55.4 million kuna, or 11.3 percent compared to the same period last year.

After covering total operating expenses, there was also a growth in profit before tax of 20.9 percent, with a profit of 32.68 million kuna achieved from January to June 2022, which is 5.65 million kuna more than in the same period of 2021.

– The results of Kraš Group for the first half of 2022 show stable operations and growth in all parameters. This year has brought numerous challenges in the form of rising input costs, especially for energy and raw materials. In the upcoming period, we will continue to strive to timely recognize market conditions and make decisions that will lead us to further stable operations.

Our previous success motivates us for additional focus on the satisfaction of our consumers, as well as employees and all stakeholders of Kraš Group – said Slavko Ledić, CEO of Kraš.

Sales Revenue and Volume Growth

In total revenues for the first half of 2022, sales revenues amounted to 527.18 million kuna, while other operating revenues were 10.71 million kuna, and financial revenues were 5.66 million kuna. Sales revenues in the domestic market amounted to 284.18 million kuna, with an increase of 10.3 percent compared to the same period last year, and sales revenues abroad also grew by 6.5 percent compared to the same period in 2021, amounting to 234.39 million kuna.

The total sales volume is 17,893 tons, representing an increase of 3.3 percent, or 576 tons compared to the same period last year. In the domestic market, sales increased by 1.6 percent, while exports rose by 5.3 percent.

The Largest Growth in Sales of Biscuits and Wafers, Profit Increased

The largest sales growth is recorded in the assortment of flour products, namely biscuits and wafers, which grew by a total of 12.5 percent across all factories within the Kraš Group – in Zagreb, Osijek, and Prijedor. Good sales results were also achieved in other categories of cocoa and confectionery products.

In addition to the mentioned profit before tax of 32.68 million kuna, the net profit of Kraš Group at the end of the second quarter of 2022 amounts to 26.89 million kuna, which is 4.96 million kuna, or 22.6 percent more than in the first half of 2021. EBITDA amounts to 62.5 million kuna and is higher compared to the same period last year by 15 percent, with an EBITDA margin of 11.62 percent.