SLOVENIA
SBITOP yesterday up 0.85%
SBITOP gained solid 0.85% during the yesterday’s trading session. Daily gainer was Gorenje (GRVG) with 3.64% jump, while most traded name was again Triglav (TLSG) with EUR 365ths in volume. Daily looser was Mercator, since it was down 21.2%.
Source: LJSE, Ilirika
TLSG: Telekom Slovenije Group’s Results for the First Quarter of 2018
The Telekom Slovenije Group generated €183.4 million in operating revenue in the first quarter of 2018, which is one percent more year-on-year. Sales revenue amounted to €182.2 million, which is 1% or €2.3 million more than in the same period last year. Sales revenue increased primarily due to higher revenue from the retail mobile and fixed market. Telekom Slovenije, d.d., generated €164.7 million in sales revenue in the first quarter of 2018, and €165.2 million in operating revenue, which is on par with the previous year.
Telekom Slovenije Group’s earnings before, interest, taxes, depreciation and amortization (EBITDA) in the first three months of 2018 amounted to €52.5 million, which is a 3% increase year-on-year. EBITDA margin stood at 28.8%. Earnings before interest and taxes (EBIT) reached €10.3 million, which is one percent more than in the first quarter of 2017.
MERL: Mercator's performance positive, with growth; income statement affected in particular by one-off impairment of real estate
In 2017, Mercator Group revenue from core retail operations increased for the first time after 2011. The Group's normalized EBITDA reached EUR 90.6 million, or 45.4% more than in 2016. Adjusting for the negative effect of non-recurring, one-off events, Mercator Group wrapped up last year with a profit of EUR 6 million. Contributing to the bottom line of EUR 184 million loss were one-off events or revaluation adjustments, particularly re-appraisal of own real estate which the Group had to conduct in compliance with the international accounting standards. As a result of the appraisal, the value of real estate decreased by mere 1.4%. According to the accounting standards, however, all impairments of real estate shall debit the income statement, while all increases in value shall be recognized in equity. Last year, Mercator Group re-entered the market of Bosnia and Herzegovina, resumed its monetization project that kicked off successfully with the divestment of Mercator Centre Belgrade, and reduced its debt through deleveraging efforts.
ZVTG: 43rd General Meeting of Shareholders of Zavarovalnica Triglav d.d., ZAVAROVALNICA TRIGLAV d. d., Ljubljana - proposed dividend payment OF 2,5 EUR (Dividend yield of 7.35%)!
The 43rd General Meeting of Shareholders of Zavarovalnica Triglav d.d., to be held on 29 May 2018 at 10:00 a.m. in Conference Hall B1, Verovškova ulica 60b, Ljubljana.
Source: STA
Bad bank ends 2017 with net profit of EUR 67m
The Bank Assets Management Company (BAMC), Slovenia's bad bank, posted a net profit of just under EUR 67m for 2017 compared to a loss of EUR 7.8m in the year before.
Source: STA
Plastics maker Skaza continues along growth trajectory
Plastika Skaza, a company specialised in plastics products, saw sales grow by 10% in 2017 to EUR 38.5m. The target for this year is EUR 40m, whereby own-brand sales are expected to more than double to EUR 3.5m, the company said on Wednesday.
Source: STA
INTERNATIONAL MARKETS
Good US earnings
AMD, VISA, Facebook, QUALCOMM, BOEING and VIACOM beat earnings estimates, while we wait for ECB rate decision on slightly weekend german consumer morale and slight increase in Spanish unemployment.
SERBIA
Profit of Serbia amounts to RSD 437.2 billion in 2017 – Processing industry realizes best results
The profit of the Serbian economy amounted to RSD 437.2 billion in 2017, nearly twice as much as in 2016, when the profit amounted to RSD 187.4 billion, the Business Registers Agency announced. The high profitability of the economy in 2017 was achieved thanks to an increase in net profit by 32% to RSD 666.6 billion, but also a decrease in net loss by 27.8% to RSD 229.4 billion – said Ruzica Stamenkovic, registrar at the Register of Financial Statements.
Source: Ekapija
Fintel Energija looking to collect EUR 27.5 million through IPO at Belgrade Stock Exchange
The shareholders of Fintel Energija have reached the decision on increasing the company's capital by RSD 3.5 billion (EUR 27.5 million) through the initial public offering (IPO) at the Belgrade Stock Exchange. The shareholders have approved the capital increase through the listing on the Belgrade Stock Exchange premium list. The GM of Fintel Energija decided for the capital to increase to up to RSD 3.25 billion (EUR 27.5 million), which equals 6.5 million new shares worth RSD 500 – Fintel Energia Group says in a press release.
Source: Ekapija
Foreign investments in Serbia in first two months of 2018 amount to EUR 436.9 million – Public debt drops to 59.4% of GDP
Foreign direct investments in Serbia in the first two months of 2018 amounted to EUR 436.9 million, which is 21.8% more than in the same period last year, Prime Minister Ana Brnabic said. At the meeting of the National Alliance for Local Economic Development (NALED) said that the increase amounted to around EUR 80 million. She reminded that direct foreign investments had amounted to EUR 2.6 billion in 2016, a “historical success”, as she called it.
Source: Ekapija
