Business Operations During the Crisis in the Example of Podravka
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Customer Satisfaction of the Co-Branded Food Products on Croatian Market
Journal of Economics, Business and Management, Vol. 7, No. 4, November 2019 Customer Satisfaction of the Co-branded Food Products on Croatian Market Berislav Andrlic, Anton Devcic, and Mario Hak Abstract—This scientific paper describes the marketing II. SELECTING THE APPROPRIATE PARTNERS AND FOOD impact of co-branding and customer satisfaction on the food CO-BRANDING FORMATION PROCESS market due to it's rapid changing and internal and external marketing environment. New ways of branding strategies and The purpose of co-branding on food market is the selection new model of consumer behavior give rise to new or existing appropriate partners and that represents the first step towards branded food products on the market. Term co-branding is most development of activity. By careful selection, co-branding commonly found in food market as these type of business often negative aspects and risks can be minimized. Compatibility face economic problems operating in certain times or seasons between food brands is extremely important and that must be hence they need the assistance of other services to make their the starting point in the elimination process among potential operating costs relevant. The typical co-branding agreement involves two or more companies acting in cooperation to candidates. Partner selection is made accordingly to associate any of various logos, color schemes, or brand predetermined criteria, depending on the specific aim that identifiers to a specific product that is contractually designated should be accomplished and by the strategy that is to be for this purpose.In order to examine this scientific problem the applied. Just as every individual has his own strengths and following methods were used: analysis, synthesis, induction, weaknesses, so the brands have. -
Podravka Group Business Results for January – December 2020 Unaudited Content
koprivnica, 26th february 2021 Podravka Group business results for January – December 2020 unaudited Content 3 Key financial indicators in 1 – 12 2020 5 Operations of the Podravka Group in conditions of COVID-19 disease 8 Significant events in 1 – 12 2020 and after the balance sheet date 12 Overview of sales revenues in 1 – 12 2020 19 Profitability in 1 – 12 2020 24 Key highlights of the income statement in 1 – 12 2020 27 Key highlights of the balance sheet as at 31 December 2020 30 Key highlights of the cash flow statement in 1 – 12 2020 32 Share in 1 – 12 2020 36 Additional tables for 1 – 12 2020 40 Consolidated financial statements in 1 – 12 2020 48 Statement of liability 49 Contact podravka group business results for 1 – 12 2020 2 Key financial indicators in 1 – 12 2020 podravka group business results for 1 – 12 2020 3 Key financial indicators in 1 – 12 2020 (in HRK millions) 2019 2020 Δ % Sales revenue 4,409.4 4,503.2 93.8 2.1% EBITDA1 509.0 546.7 37.7 7.4% Net profit after MI 221.6 248.9 27.3 12.3% Net cash flow from operating activities 272.9 384.5 111.5 40.9% Cash capital expenditures 153.9 192.4 38.5 25.0% Normalized EBITDA2 515.5 543.1 27.5 5.3% Normalized net profit after MI 223.6 244.4 20.8 9.3% (in HRK; market capitalization in HRKm) 31. 12. 2019 31. 12. 2020 Δ % Net debt / normalized EBITDA 1.6 1.4 (0.2) (15.3%) Normalized Earnings per share 32.0 35.0 2.9 9.2% Last price at the end of period 484.0 485.0 1.0 0.2% Market capitalization 3,380.6 3,391.2 10.5 0.3% Return on average equity3 7.3% 7.6% +26 bp Return on average assets4 4.7% 5.1% +41 bp note: decimal differences in the document are possible due to rounding. -
FIMA Daily Insight
FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE January 8, 2013 Stocks on ZSE traded higher today. CROBEX increased 0.24% to ZSE STOCK MARKET 1,808.40 pts while blue chip CROBEX10 gained 0.21% to 1,010.86 pts. CROBEX Last 1.808,4 Regular stock turnover amounted to HRK 14.4 million. % daily 0,24% Integrated telecom HT (HTRA CZ) topped the liquidity board collecting % YTD 3,91% HRK 4.3 million in turnover. The price increased 0.9% to HRK 210.70. CROBEX10 last 1010,9 Fertilizers producer Petrokemija (PTKMRA CZ) also came to focus again % daily 0,21% with HRK 1.5 million in turnover while price gained 5.5% to HRK 240.0. % YTD 4,05% Petrokemija was in investors’ focus few months ago, after speculations on Government selling its share of 1.7 million shares (50.6% of capital). Stock Turnov er (HRK m) 14,37 A few days ago Mladen Pejnović, head of the State Office for State Total MCAP (HRK bn) 194,39 Property Management confirmed government’s plans to privatize Source: w w w .zse.hr Petrokemija. Auto-parts producer AD Plastik (ADPLRA CZ) came to focus trading in -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% blocks. The price advanced 1% to HRK 115.99 on HRK 1.3 million in PTKM-R-A ATPL-R-A turnover. AD Plastik currently trades at P/E=7.7, P/S=0.7 and DDJH-R-A P/Bv=0.7. VPIK-R-A LKPC-R-A Tobacco and tourism Adris group preferred share (ADRSPA CZ) was VIRO-R-A KORF-R-A also in investors’ focus with HRK 0.7 million in turnover while price KNZM-R-A slipped 1.3% to HRK 262.20. -
Podravka Group
Podravka Group WOOD’s Winter Wonderland EME conference, Prague, 4th December, 2019 Investor Relations The Company Business Investment highlights 2018 results 9M 2019 results Podravka Group at a glance Founded in Headquarters in 1947 Koprivnica 72 years 4,232m HRK In food business (571m EUR) revenues 47 years 4,846m HRK In pharmaceutical (654m EUR) assets business 3,322.6m HRK* 6,517 (448.4m EUR) Mcap Employees Listed on ZSE Prime market Note: figures in this presentation are translated to euros at HRK/EUR FX rate of 7.41; *MCap on 30th September 2019, calculated on weighted average number of shares excluding treasury shares. 4th December, 2019 Investor Relations Podravka Group 3 Long tradition in food and pharmaceutical production 1947 1952 1957 1958 1959 Wolf brothers workshop Condiments, dried and Famous Podravka soups Production of meat Vegeta, universal became publicly owned sterilized vegetables, etc. production established products established seasoning, production under Podravka name production established established 1970 1972 1993 2015 2017 Baby food production Belupo pharmaceutical Podravka became a joint- Acquisition of Žito, New Pharmaceutical factory established company established, stock company, free share Slovenian food producer constructed, the largest pharmaceutical production trading from 1994 greenfield investment in the established history of the Group 4th December, 2019 Investor Relations Podravka Group 4 Podravka Group operates in 24 countries with subsidiaries and representative offices Own distribution network in 11 countries International network of subsidiaries and representative offices 1. Bosnia and Herzegovina 2. Czech Republic 3. Montenegro 4. Croatia 5. Hungary 6. Macedonia 7. Poland 8. Slovakia 9. Slovenia 10. Serbia 11. -
Market Commentary Portfolio Performance Vs Benchmark
Feb. FKHR1 Monthly Fund Update 2016 Market Commentary Following the publication of Q4 results, the share price jumped by 7.06% in one day. Viadukt operated with a net profit of HRK 3.2m in After a tumultuous start of the year, February brought on a reversal 2015, but this is still 36% less profit compared to the previous year. of trends in most of our largest holdings. This is in line with the rest Revenue fell by 9.1%, which is the consequence of an overall of European and global markets, which reached a bottom in mid- reduction in total investment in the Republic of Croatia, from which February, only to recover by the end of the month. The Croatian Viadukt achieves 99% of its total revenue. However, the growth in market started this recovery even sooner, having reached its lowest share price after the announcement of financial results might have point during January. However during February, the benchmark been due to the optimistic expectations for the rest of the year. The CROBEX index stayed mostly at the same level from the start of the construction industry expects a slight recovery and increased month, with only slight fluctuations. In the meantime, our fund investment from contracting authorities. managed to achieve a return of almost 4% MoM, beating the A third position that we want to emphasize is Đuro Đaković Holding market by a large margin. (ĐĐ). After having an amazing January, on the 15th and 19th of The most important contributor was our largest holding, the Adris February it was announced that Đuro Đaković signed contracts with Group, with common stock growing by over 10%. -
CEE Investment Opportunities: Slovenia & Croatia Investor
CEE investment opportunities: Slovenia & Croatia Investor Day Site visits Monday, 23 May 2016 Slovenia: Krka & Gorenje Timetable: 08:00– 17:15 Krka is among the top generic pharmaceutical companies in the world. Its business is the production and sale of prescription pharmaceuticals, non- prescription products and animal health products. 08:00 Departure from Hotel International (Zagreb) 10:00 Krka tour Gorenje is one of the leading European home 11:00 Departure from Krka appliance manufacturers with a history 13:00 Lunch break spanning more than 60 years. Home 14:00 Gorenje tour appliances under global brands Gorenje and 15:00 Departure from Gorenje Asko and six regional brands (Atag, Pelgrim, Upo, Mora, Etna and Körting) elevate the 17:15 Arrival at Hotel International (Zagreb) quality of life of users in 90 countries worldwide. Croatia: Podravka, Ledo & Atlantic Grupa Timetable: 08:00 – 16:45 Podravka produces the well-known Vegeta, as well as thousands of other products in its diverse catalogue. T h e Podravka brands are recognisable and a favourite in both Croatian and foreign markets. 08:00 Departure from Hotel International (Zagreb) 10:00 Podravka tour Ledo is the largest Croatian producer of 11:00 Departure from Podravka industrial-scale ice cream and the largest 13:00 Lunch break distributor of frozen foods. 14:00 Ledo tour Atlantic Grupa is one of the most dynamic 15:00 Departure from Ledo business systems in the region, with a 15:30 Atlantic Grupa tour significant portion of its business activities in 16:30 Departure from Atlantic Grupa the EU. 16:45 Arrival at Hotel International (Zagreb) For further details, please contact your WOOD sales representative or Karolina Drach-Kowalczyk at [email protected] . -
Podravka Group Annual Report for 2020 Contents
PODRAVKA GROUP ANNUAL REPORT FOR 2020 CONTENTS INTRODUCTORY WORD .......................................................................................................................................................7 PODRAVKA GROUP PROFILE ........................................................................................................................................... 9 COMPANY NAME AND HEADQUARTER LOCATION .........................................................................................................................9 ORGANIZATIONAL STRUCTURE........................................................................................................................................................................9 ABOUT BRANDS AND PRODUCTS .................................................................................................................................................................12 PODRAVKA .........................................................................................................................................................................................................................13 ŽITO AND LAGRIS .........................................................................................................................................................................................................16 BELUPO .................................................................................................................................................................................................................................17 -
Export Catalogue
Export catalogue Table of contents History.. .........................................................................4 Culinary ........................................................................8 Lino world ................................................................. 26 Sweets ........................................................................ 34 Confectionary .......................................................... 42 Snack ..........................................................................48 Mediterranean cuisine ........................................... 52 Fruit products .......................................................... 62 Vegetable products ................................................ 66 Condiments ...............................................................74 Bakery ........................................................................ 78 Tea ............................................................................... 82 Meat products ..........................................................86 Podravka abroad ..................................................... 94 It all started in 1934... Podravka's history begins in 1934 with a fruit processing plant, founded by Wolf brothers in Koprivnica. In 1947 the plant becomes government owned and Podravka gets the name it has today. In 1957 Podravka's first packet soups were produced, and they were presented at the Zagreb Fair that fall. Year 1958 is very significant for Podravka's development. That year in Podravka's research laboratories, -
Podravka Group Annual Report for 2017
PODRAVKA GROUP ANNUAL REPORT FOR 2017 ANNUAL REPORT 2017 1 Table of contents Podravka Group ................................................................................................3 Important events .........................................................................................4 Research and Development .....................................................................11 New products Podravka ...........................................................................15 New products Belupo ...............................................................................17 Digital innovation .....................................................................................20 Awards and recognitions .........................................................................21 Social responsibility ..................................................................................26 Activities in environmental protection Podravka ................................28 Activities in environmental protection Belupo .....................................30 Podravka Group management systems audits ......................................33 Supervisory Board and Management Board members biographies .........35 Podravka d.d. Supervisory Board members biographies .....................36 Podravka d.d. Management Board members biographies ...................41 Management’s interim report ........................................................................45 Business results ..........................................................................................46 -
Sustainable Development Report
PODRAVKA GROUP SUSTAINABLE DEVELOPMENT REPORT 2015 ANNUAL REPORT CONTENTS: I. GENERAL STANDARD DISCLOSURES ............................................... 6 1.1. MESSAGE FROM THE CHAIRMAN OF THE MANAGEMENT BOARD ............ 6 1.2. ORGANISATIONAL PROFILE ......................................................... 8 1.2.1. COMPANY NAME AND SEAT ....................................................... 8 1.2.2. MAIN BRANDS AND PRODUCTS ................................................... 8 1.2.2.1. Podravka brands and products .................................................. 8 1.2.2.2. Belupo brands and products ................................................... 11 1.2.3. NUMBER AND NAMES OF COUNTRIES IN WHICH THE COMPANY OPERATES AND HAS SIGNIFICANT OPERATIONS ................................ 12 1.2.4. OWNERSHIP STRUCTURE AND LEGAL FORM ............................... 12 1.2.5. MARKETS WHERE THE COMPANY OPERATES ............................... 13 1.2.6. SIZE OF THE PODRAVKA GROUP ............................................. 13 1.2.6.1. Total number of business activities and employees ...................... 13 1.2.6.2. Net sales revenues .............................................................. 14 1.2.6.3. Total capitalisation ................................................................. 14 1.2.6.4. Quantity of produced food and pharmaceutical products .............. 15 1.2.7. SIZE AND ANALYSIS OF THE LABOUR FORCE .............................. 15 1.2.7.1. Size and analysis of the labour force according to type of contract, employment -
Annual Report PETROKEMIJA January to December Period 2017
UNAUDITED UNCONSOLIDATED ANNUAL REPORT PETROKEMIJA, d.d. KUTINA REPORT FOR PERIOD January to December 2017 INTERIM REPORT FOR PERIOD October to December 2017 Kutina, February 2018 Introduction In the reporting period January – December 2017, the business environment of Petrokemija, d.d. was marked by two key occurrences - the fall in sales prices of mineral fertilizers with the simultaneous growth of the natural gas purchase price as the main raw material. Despite the adverse conditions in the narrower and wider economic environment, in 2017, Petrokemija, d.d. increased production by 11.5% and sales of mineral fertilizers by 7.5%, compared to the previous year. The sales in the domestic market were up by 10.1%, the sales in the region, with extra efforts made, were up by 16.4%, whereas the sales to distant markets, due to high transportation costs and strong competition of large manufacturers, as well as to lower sales prices, fell by 5.7%. The increase in sales in the markets of the region, and in particular the domestic market, is the result of the sales strategy adopted in 2017. One of its positive results is the strengthening of the competitive position of Petrokemija d.d. on the domestic market and the reduction of imports of mineral fertilizers into the Republic of Croatia by 33% as compared to the year before. In 2017, Petrokemija d.d. responded with only partial success to the challenges of the low-price crisis of mineral fertilizers, which European fertilizer manufacturers have been facing for the third year now, and to disturbances in the agricultural and food chain at local and regional level that were started by the crisis in the Agrokor Group. -
FIMA Daily Insight
CROATIA | SLOVENIA | ROMANIA | BULGARIA FIMA Daily Insight February 22, 2017 CROATIA Croatian equities closed higher yesterday with both indices increasing; CROBEX increased 0.11% to 2.225,96 BENCHMARKS DAILY CHANGES % pts and blue chip CROBEX 10 increased 0.38% to 1.285,96 pts. Regular stock turnover amounted to HRK 20.46 million. (Positive) 1,49% Integrated telecom operator HT (HTRA CZ) topped the liquidity board collecting HRK 2.46 million in turnover and its price decreased 1.92% to HRK 185.50. In FY 2016, Podravka (PODRRA CZ) increased sales revenues by 15.4% yoy to HRK 4.19 bln due to a full year effect of the consolidation of Zito Group and despite the negative effect of foreign exchange differences. SBA 0,37% Food increased revenues by 19.4% while SBA Pharmaceuticals increased sales revenues by 1.3%. In FY 2016, 0,19% the Company improved EBITDA by 0.2% to HRK 469.6 mln. Podravka achieved net profit in the amount of HRK 0,11% 182.4 mln, which is an increase of 54.7%, deducting one-time consolidation effect of the Zito Group and deferred tax returns of Belupo in 2015. Podravka's Management Board created a new five year plan with a clear ambition CROBEX SBI BET SOFIX of doubling the revenues until 2021. According to an unofficial sources, Podravka’s shareholders, pension funds and the state reached agreement on a new CEO – Gordan Kolak, former director of companies Dok-Inga and King ICT. (Positive) BENCHMARKS 3Y CHARTS Adris’ (ADRSRA CZ) hotel company Maistra (MAISRA CZ) reported that it will employ additional 150 employees 140 in hotel Amarin.