Podravka d.d. Reports Earnings Results for the First Quarter Ended March 31, 2023

Podravka d.d. is one of the Croatian largest food processing groups. The group also develops a pharmaceutical products manufacturing and marketing activity. Net sales break down by family of products as follows: - culinary products (36.3%): seasonings, ready meals, soups, sauces, cereals, desserts, frozen products, etc.; - food products (20.7%): condiments, tomatoes, sauces, fruits, vegetables, staple foods, bakery and milling products, teas, cereals, etc.; - snacks, sweets and beverages (18.9%); - butchery and fish products (18.3%); - other (5.8%): primarily pharmaceutical products. Net sales break down geographically as follows: Croatia (75.2%), Central and Eastern Europe (11%) and other (13.8%).