Croatia’s Dalekovod widens net loss in 2023

However, normalized EBITDA at group level totalled 7.8 million euro, which is an increase of 1.7 million compared to 2022 mostly as a result of stronger activity and improved operating efficiency in the parent company and its unit Dalekovod OSO, it said in a filing to the Zagreb bourse.

The group’s operating income amounted to 168 million euro in 2023, which is a 20% increase compared to 2022.

Sales revenue rose 21% to 165.8 million euro last year, while operating costs went up 24% to 170.2 million euro.

Dalekovod’s shares traded 8.13% lower at 2.26 euro intraday on Friday on the Zagreb bourse.

($ = 0.923 euro)