Slovenian Companies Q1 2016 Earnings Overview
​Slovenian blue chip companies published mixed results for the first quarter. Clean growth with improvements on all major lines was seen at Luka Koper and Petrol. We can add Gorenje to this group but add that its operations still remain insufficiently profitable. The insurers are impacted by a low yield environment, something we expect to see in the remainder of the year and possibly even longer. FX differences played a key role on some of the companies’ bottom lines, most notably Krka.
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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