In the period 1 – 3 2018, Đuro Đaković Group had a total revenue of 143,6 million HRK and total expenditure of139,8 million HRK. The Group achieved positive operating results by making a profit of 3,8 million HRK.

EBITDA is again positive, in the amount of 11,1 million HRK, which makes the EBITDA margin of 7,9 % and profit margin of 2,6 %. Despite the unsatisfactory structure of the equity ratio and unfinished restructuring of the company Đuro Đaković Industrijska rješenja d.d., the achieved EBITDA had a strong growth compared to the previous three quarters, i.e. the whole year 2017 when EBITDA margin was 1,5%.

Additional restructuring measures, which were carried out in the first quarter in the company Đuro Đaković Industrijska rješenja d.d. are still not visible in the financial reports and this company had negative total result, as well as negative EBITDA. Other companies within the group have positive business results and they have achieved increase in revenues from exports, which is very important, as well as better EBITDA margins. Good capacity utilisation in the Transport section and projects in the Industry and energetics section are the main reason for the positive EBITDA. In the year 2018 Đuro Đaković Group generated more than 50% of business incomes in the Transport section, which completely places its products on the EU market. Regarding the current deals closed, this section is expecting further increase in income.

In the year 2018, especially in its second quarter, Đuro Đaković Group is expecting achievement of key objectives remaining to complete the restructuring process. The first objective is completion of the restructuring process in the company Đuro Đaković Industrijska rješenja d.d. that started in the last quarter of the year 2017, by finding a strategic partner for one part of the manufacturing programme of the company. By completing the planned restructuring, Đuro Đaković Industrijska rješenja d.d. would not generate any more losses and would start achieving positive operating results. The second objective is to complete the process of improving the funding structure in the liability side of the balance sheet by changing the ratio of short-term and long-term liabilities, the effect of which should be visible in the half-yearly report. After performing the first two measures, Đuro Đaković Group Plc. will be ready for entering the capital market and achieving long-term sustainable funding structure. The restructuring process of Đuro Đaković Group, which started at the end of the year 2014, operationally ends with the 2. quarter of this year and all negative effects (additional costs and losses) generated in this way should be shown by the end of the third quarter.

Furthermore, the main focus of Đuro Đaković Group Plc. Management Board will be on the market activities (contracting sufficient amount of work for the optimal capacity utilisation) and in the financial restructuring (achieving better maturity of total liabilities and after that higher equity ratio. In the future the Management Board expects continuation of positive trends in business and achieving preconditions for long-term solid and sustainable growth and development of Đuro Đaković Group as a whole.