Sales revenue amounted to HRK 1.08 billion or 12.1% less compared to the same period last year.
Podravka said that the decrease in revenue had been expected and was in line with business plans.
“The expected fall in sales revenue compared to 2020 was due to the unusual withdrawal of goods from buyers and extra stocks created in March last year as a consequence of the lockdown in most of the countries where Podravka is present.”
The company’s supervisory board adopted the revised business results for 2020 which show that the group had generated a net profit of HRK 248.9 million, or 12.3% more than in 2019.
(€1 = HRK 7.5)
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