The Slovenia Times

Istrabenz Group Almost Out of Red in 2013


The core company posted a EUR 6.34m net loss last year, which is less than 10% of the EUR 69.43m net loss in 2012.

On the last day of 2013, the holding had a negative capital of EUR 52.57m. It generated EUR 530,990 in sales revenues last year, which is on par with the 2012 sales figure.

According to chairman Andrej Laznik, last year was a new turning point in the financial restructuring of the indebted holding, as it saw a total of EUR 158.86m in debt reprogrammed in agreement with the creditor banks.

In comparison with 2012, the company reduced its financial debt by 13% to EUR 33.89m, the report says.


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