In line with the recommendations by HANFA (the Croatian National Competent Authority) and the European Securities and Markets Authority (ESMA), Ericsson Nikola Tesla d.d., Zagreb, Krapinska 45, hereby informs the public of the impact of pandemics of novel Coronavirus COVID-19 on its business activities.
Pursuant to the Company Law, Art. 277, sections 2 and 3, the Managing Director of the joint stock company Ericsson Nikola Tesla, Zagreb, Krapinska 45, on April 25, 2019 passed the decision on convocation of the Annual General Meeting, to be held at the registered office of the Company in Zagreb, Krapinska 45, on June 13, 2019 at 4 p.m.
Gordana Kovačević, the President of Ericsson Nikola Tesla commented: “In the first nine months of 2018, Ericsson Nikola Tesla Group sales revenue amounted to MHRK 1,080.5, up by 1% year-over-year. Increased investments in mobile networks modernization and digital transformation have enabled a strong sales growth in the domestic market. In addition to operators’ segment, we also recorded good results in Industry & Society segment. Export markets showed lower sales revenue affected primarily by the ramping down of network modernization projects and challenges related to political and economic situation. Opposed to the sales decline in export markets, Ericsson internal market once again recorded a solid growth and contributed to the stability of financial performance.