The Zagreb Holding Group announced today its business results for 2023. In the past year, the Group continued its restructuring program and maintained a trend of positive business performance and profit growth, which has been recorded since 2022.
– Such performance enabled the start of debt reduction, along with the initiation of an investment cycle. The result is even more significant as it was achieved in circumstances where the prices of utility services for citizens were kept stable. Stable and positive business performance is the foundation for launching projects to renew utility infrastructure that we plan to implement by 2026.
This includes the procurement of new equipment and vehicles for waste management, road maintenance, and the upkeep of green and other public areas, which will contribute to our greater efficiency and improvement in the quality of utility services. Additionally, by continuing to green urban areas, where eight thousand trees were planted in the past season, we are working to reduce the negative impact of climate change on life in urban environments, said Ivan Novaković, CEO of Zagreb Holding.
With total revenues of 803.23 million euros and expenses of 785.80 million euros, the Group achieved a net profit of 16.3 million euros, which is 15.9 million euros higher than in 2022. At the same time, earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to 92.1 million euros, which is 35 percent higher compared to 2022.
