Home / Business and Politics / Publishers in 2023 Achieved 11.2 Million Euros in Consolidated Profit

Publishers in 2023 Achieved 11.2 Million Euros in Consolidated Profit

Klackalica, inflacija, dobitnici i gubitnici, lajk, prednost, nedostatak
Klackalica, inflacija, dobitnici i gubitnici, lajk, prednost, nedostatak / Image by: foto

According to the latest data from the Financial Agency (Fina), in 2023, publishers in Croatia achieved a consolidated net profit of 11.2 million euros, which is nearly 28 percent less than the previous year, with revenues of 333 million euros.

Based on data from processed annual financial reports, in the field of book publishing, periodical publications, and other publishing activities, 631 entrepreneurs operated in that year with 3,831 employees, which represents a decrease in the number of employees by 63 or 1.6 percent compared to the previous year.

These entrepreneurs generated 332.8 million euros in total revenue, which is almost three percent more than in 2022, while their expenses simultaneously increased by 4.2 percent, to 317.7 million euros. The consolidated financial result in this sector was positive, amounting to 11.2 million euros, which is 27.6 percent less compared to 15.4 million euros in net profit in 2022.

Of the 631, 426 operated positively, achieving a net profit for the period of 24.8 million euros or 28.4 percent more. At the same time, 205 recorded a loss for the period of 13.8 million euros, which is an increase of 247 percent compared to the previous year.

The average monthly net salary calculated for employees in the publishing sector in 2023 was 1,027 euros, which is 5.1 percent more compared to the previous year and 0.1 percent less compared to the average monthly net salary of employees at the national level of 1,028 euros.

Narodne novine with the highest revenues and profits

The highest revenues in 2023 in this sector were generated by Narodne novine, nearly 42 million euros. Following them is Školska knjiga with 41.6 million euros in revenue, Hanza media with 36.8 million euros, 24 sata with 22.3 million euros, Profil Klett with 18.1 million euros, and Večernji list with 16.5 million euros and Alfa with 10.6 million euros.

Narodne novine also achieved the highest profit, amounting to 4.16 million euros. Following them is Profil Klett with 2.5 million euros, Školska knjiga with 2.34 million euros, and 24 sata with 1.36 million euros. Among the top 10 largest publishers, only Večernji list recorded a loss of 1.74 million euros, and Novi list with a loss of 103 thousand euros.

Tagged: