Business operations of Sava d.d. and the Sava Group, January - September 2014
In the nine months of 2014, the Sava Group companies generated sales revenues of €48.2 million, which was 5% down on the same period last year and 4% below the planned revenues. A net loss of €4.4 million was made. The Tourism companies ended the period with a net profit of €2.4 million, whereas Sava d.d. made a net loss of €6.6 million, and the companies of other operations a net loss of €0.2 million. The assets and liabilities structure of the Sava Group did not change significantly with regard to the end of 2013.
In the period January– September 2014, Sava d.d. operated as planned. A loss of €6.6 million was made. The assets and liabilities structure of Sava d.d. did not change significantly with regard to the end of 2013.
The Management Board of Sava d.d. began the procedures for preparation of the revised business and financial restructuring strategy. This strategy – similarly to the existing one – is based on adequate restructuring of financial liabilities, consolidation of financial assets and reducing indebtedness level, as well as improvement in operational business.
Business operations of Sava d.d. and the Sava Group, January - September 2014
Sava d.d.
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