Viro Tvornica Secera d.d. Reports Earnings Results for the First Quarter Ended March 31, 2023

Viro Tvornica Secera is one of the largest German Croatian sugar cane producers. The group also develops a food manufacturing business. Net sales break down by activity as follows: - production of sugar (71.3%): white powdered sugar, pasteurized liquid sugar and lump sugar; - manufacturing of bakery products (5.9%); - other (22.8%): primarily production of molasses, noodles and alcoholic beverages. Net sales break down geographically as follows: Croatia (43%), Europe (31.7%) and other (25.3%).