Croatia’s Dalekovod swings to net profit in Q1

EBITDA reached 2.7 million euro, which was 1.8 million euro higher compared to the first quarter of 2023, Dalekovod said in a filing to the Zagreb bourse on Friday. EBITDA margin rose to 7.2% from 3.1%.

The group’s operating revenue amounted to 36.7 million, which represents a 30% annual increase. Sales revenue rose 29% to 36.1 million euro.

Operating costs widened to 35 million euro from 28.2 million.

Dalekovod’s shares traded 0.80% higher at 2.52 euro intraday on April 29 on the Zagreb bourse.

($ = 0.933 euro)