Ericsson Nikola Tesla Nets HRK 94.5m Profit in 2020

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Profit before tax was down 1.5% to HRK 106.6 million, while operating profit went up 1.8% to HRK 104.4 million. Gross margin decreased by 8.6%.

Domestic sales accounted for 45.8% of total revenue, services for Ericsson for 42.6% and exports for 11.6%. Domestic sales totalled HRK 926.7 million, up by 86.5% on 2019, while exports, excluding the Ericsson market, dropped by 7.9% to HRK 234.4 million. On the Ericsson market, sales revenue dropped by 16.1% to HRK 861.9 million.


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