The unaudited business results of Kraš Group for the first half of 2023 show that consolidated total revenues amount to 80.31 million euros, which is an increase of 8.17 million euros, or 11.3 percent compared to the same period last year. Total consolidated expenses in the first half of this year amounted to 76.51 million euros, which is an increase of 12.8 percent compared to the same period last year, the company announced.
– Kraš’s business results for the first half of this year are expected to reflect the cumulative impacts on the global and consequently the domestic market. Since April of last year, the prices of all input costs for raw materials, packaging, and energy have been growing exponentially. Although we are recording revenue growth, the increase in expenses remains significant.
We remain strongly focused on optimizing all our processes and costs, so that our consumers feel this difference as little as possible, and we hope for the soon stabilization of input cost prices. Our announced investment cycle in the modernization and automation of production facilities continues as planned, aiming to raise the level of satisfaction of our consumers, employees, business partners, and shareholders – stated Allen Halamić, CEO of Kraš.
In total revenues for the first half of 2023, sales revenues amounted to 78.55 million euros, while other operating revenues amounted to 1.54 million euros, and financial revenues 215 thousand euros. Meanwhile, sales revenues in the domestic market amount to 44.18 million euros, with an increase of 17.1 percent compared to the same period last year, and sales revenues abroad also grew by 6.9 percent compared to the same period in 2022, amounting to 33.27 million euros.
After covering total operating expenses, a profit before tax of 3.8 million euros was recorded from January to June 2023, which is 12.3 percent lower compared to the same period last year, while the net profit at the end of the second quarter amounts to 3.02 million euros, which is 18 percent lower compared to the same period last year.
An EBITDA of 8.05 million euros was achieved, which is 2.9 percent lower compared to the previous year, while the EBITDA margin stands at 10.05 percent, which is 1.57 percentage points lower than last year’s achieved EBITDA margin, stated Kraš Group in a press release.
