Croatian Companies Q1 2016 Earnings Overview
​Q1 was rather incomparable to the same period last year for many CROBEX companies, including Adris, Podravka, Atlantska Plovidba and to some extent Valamar Riviera (changes in consolidation), ZABA and INA (one-offs) and Tankerska NG (increased fleet). We saw significant impacts of FX differences on results from financing activities (mostly related to EUR, RUB and RSD). In addition, earlier Easter holidays boosted companies in the tourism and food sector.
InterCapital is an independent investment company established in 2001, and is one of the leading companies for trading of financial instruments, asset management and investment banking services in the Republic of Croatia, as well as the neighbouring markets of Slovenia, Serbia, Romania and Bulgaria. Both equity and macro analyses provided by our research team help further increase value offered to our clients.
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