Atlantic Grupa d.d. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported sales revenue of HRK 3,950,235,000 against HRK 3,782,171,000 a year ago. Turnover was HRK 3,979,668,000 against HRK 3,823,558,000 a year ago. EBITDA was HRK 440,667,000 against HRK 419,474,000 a year ago. EBIT was HRK 324,076,000 against HRK 316,930,000 a year ago. Profit before tax was HRK 295,939,000 against HRK 273,801,000 a year ago. Profit attributable to owners of the parent was HRK 237,532,000 or HRK 71.28 per basic and diluted share against HRK 231,018,000 or HRK 69.29 per basic and diluted share a year ago. Cash generated from operations was HRK 368,918,000 against HRK 155,034,000 a year ago. Purchase of property, plant and equipment and intangible assets was HRK 86,832,000 against HRK 73,545,000 a year ago.
For the year 2017, the company expects sales of HRK 5,300 million, EBITDA of HRK 475 million, EBIT of HRK 310 million and interest expense of HRK 65 million. Capital expenditure to be approximately HRK 150 million. The expected effective tax rate should be at the same level as in the previous year.