In the first nine months of 2021 Fortenova Group earned a consolidated revenue of 22 billion kuna (€2.9bn), or 54 percent up from the same period of 2020.

The group’s adjusted consolidated EBITDA increased by 29% to HRK 1.7 billion, while net profit amounted to HRK 1.3 billion, a 1.85 billion increase as against a loss in the first nine months of 2020.

At the end of September the group had in its account HRK 2.5 billion in cash and cash equivalents, and owing to the sale of the Frozen Food segment, the group’s debt dropped 4.2 times.

This year the group has invested €125 million in the region, and it plans to invest another €130 million in 2022, CEO and member of the Board of Directors of Fortenova Group Fabris Perusko said at a news conference on Tuesday.

(€1 = HRK 7.52)