Croatia's Ledo eyes cons net profit CAGR of 11.3% through 2016

Consolidated total net revenues should record a CAGR of 4.9% over the same period, Ledo said in a corporate presentation issued on Monday.

The company's pro-forma consolidated net profit is seen rising from an estimated 232 million kuna ($40 million/30.8 million euro) in 2012 to 264.3 million in 2013, 296.2 million in 2014, 325.8 million in 2015 and to 355.6 million in 2016.

Pro-forma consolidated total net revenues are forecast to rise from 2.17 billion kuna in 2012 to 2.29 billion kuna in 2013, 2.4 billion in 2014, 2.51 billion in 2015 and 2.62 billion in 2016.

Croatia, Serbia and Bosnia and Herzegovina are Ledo’s core markets where the company holds leading market positions in both ice cream and frozen food. It also enjoys significant presence in other countries throughout the region, including Hungary, Kosovo, Macedonia, Montenegro and Slovenia.

Ledo operates a total of four production facilities in Croatia, Serbia, Bosnia and Herzegovina and Hungary with an annual production capacity of 48,430 tonnes of ice cream and 68,300 tonnes of frozen food.

(1 euro=7.5219 Croatian kuna)