• Net profits achieved in the amount of HRK 248.9 million kuna, representing growth of 12.3 percent over the year before
• Sales revenues increased by HRK 93.8 million, or 2.1 percent
• Achieved results are the result of organic business growth
• In these very difficult and complex operating conditions, the company demonstrated a high ability to rapidly adapt its operations to the new extraordinary situation, thereby successfully responding to the many challenges it faced

At today’s session, the Supervisory Board of Podravka d.d confirmed the unaudited business results of the Podravka Group for 2020, and expressed its satisfaction at the achieved indicators in what was a very challenging year. After an exceptionally successful 2019, the Podravka Group continued its successful operations in 2020. Net profits were achieved in the amount of HRK 248.9 million, representing growth of 12.3 percent over one year earlier. This is primarily the result of organic growth, with the simultaneous control of operating expenditures.

Sales revenues of the Podravka Group increased by HRK 93.8 million, to HRK 4503.2 million, representing growth of 2.1 percent over one year before.

The Food segment achieved sales revenues of HRK 3527.0 million, which is an increase of HRK 73 million over one year earlier. Within this segment, nearly all business programmes achieved a growth in sales revenues, with a growth in own brands of 3.1 percent.

The second segment of the Podravka Group, Pharmaceuticals, achieved sales revenues of HRK 976.2 million, representing growth of 2.2 percent over the year before.

With regard to the achievement of Podravka Group sales revenues by region, the highest absolute growth in sales revenues was registered in the Central Europe region, in the amount of HRK 48.9 million.

Operations in 2020 were marked by the appearance of the COVID-19 epidemic on all markets where the Podravka Group is present. Under such extraordinary circumstances, particularly in the conditions of the strict measures implemented from March to May 2020, and the reintroduction of strict measures towards the end of the year, Podravka Group confirmed its position as one of the key companies responsible for ensuring continuous production and regular supply of food and pharmaceuticals in Croatia.