Ledo announced earnings results for the first seven months ended July 2017. The company's revenue decreased to HRK 657 million ($105.7 million/EUR 88.2 million) in the first seven months of 2017. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at HRK 157 million in the review period. In the first seven months of 2017, the company recorded a decrease in sales due to reduced quantities of commodities and raw materials as well as the cessation of cooperation with certain HoReCa customers. As a result, the company changed its sales assortment and focused on ice cream, increasing its EBITDA margin to 24%.