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ERICSSON NIKOLA TESLA D.D.

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Ericsson Nikola Tesla d d : Consolidated net profit of Croatia's Ericsson Nikola Tesla jumps three times y/y in 1H21

07/27/2021 | 09:41am EDT

Croatian telecommunications equipment producer Ericsson Nikola Tesla (ENT) reported a consolidated net profit of HRK101.4mn (€13.5mn) for the first half of 2021, up three times year-on-year with as all of the company's key operating indicators improving, it said in a press release on the website of the Zagreb Stock Exchange (ZSE) on July 27.

The company's sales revenue increased by 5% y/y to HRK1.01bn. Operating profit increased by 179.1% to HRK119.3mn, while gross profit rose 105.1% to HRK154.3mn.

“Despite the extremely demanding market environment, Ericsson Nikola Tesla has continued to achieve extraordinary business results. Compared to the first half of 2020, all key business indicators increased,” ENT’s CEO Gordana Kovacevic said in the press release.

Sales on the local market comprising 44.1% of the total sales, services provided to the main shareholder, Sweden’s telecommunications company Ericsson, accounted for 44.9% and sales on other export markets contributed 11% of the total sales during in H1. Exports, excluding services provided to Ericsson, totalled HRK111.5mn, up 5.7% y/y.

©2021 bne IntelliNews , source Magazine

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON 2.15% 100.86 Delayed Quote.1.13%
ERICSSON NIKOLA TESLA D.D. -2.02% 1700 End-of-day quote.13.33%
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Financials
Sales 2021 2 143 M 340 M 340 M
Net income 2021 105 M 16,6 M 16,6 M
Net cash 2021 218 M 34,6 M 34,6 M
P/E ratio 2021 21,5x
Yield 2021 3,53%
Capitalization 2 262 M 353 M 359 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,87x
Nbr of Employees 3 361
Free-Float 50,5%
Chart ERICSSON NIKOLA TESLA D.D.
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Ericsson Nikola Tesla d.d. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 1 700,00 HRK
Average target price 1 544,00 HRK
Spread / Average Target -9,18%
EPS Revisions
Managers and Directors
Gordana Kovacevic President & Chief Executive Officer
Damir BuÜic Director-Commercial Management & Finance
Franck Pierre Roland Bouetard Chairman-Supervisory Board
Patrick Gerard Martin Director-Research & Development Center
Darko Huljenic Research Director