Croatian Strong Balance Sheet Stocks

Jadranski naftovod d.d

Market Cap: €826.3m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Hrvatski Telekom d.d

Market Cap: €3.3b

Provides telecommunication services in Republic of Croatia and internationally.

Luka Ploce d.d

Market Cap: €64.5m

Provides port, warehousing, and wholesale and retail services in the Republic of Croatia.

Zagrebacka burza d.d

Market Cap: €16.9m

Engages in the management of the regulated market in Croatia and Slovenia.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.9b

Together with its subsidiary, engages in the design, production, sale, and servicing of distribution, special, and medium power transformers.

Dalekovod d.d

Market Cap: €338.2m

Engages in the design, engineering, production, construction, and installation of electric power facilities, facilities for road, railroad and mass transit, and telecommunication infrastructure in Croatia, Sweden, Norway, Slovenia, Germany, Ukraine, the United Kingdom, Northern Macedonia, Bosnia and Herzegovina, and internationally.

GARDEN BREWERY d.d

Market Cap: €6.7m

Produces craft beer.

Ilirija d.d

Market Cap: €66.3m

Operates as a tourism company in Croatia and internationally.

Zagrebacke Pekarne Klara d.d

Market Cap: €27.2m

Produces and sells bakery products in Croatia.

Adriatic Croatia International Club za djelatnost marina d.d

Market Cap: €90.0m

Adriatic Croatia International Club, za djelatnost marina d.d.

Modra spilja d.d

Market Cap: €9.1m

Owns and operates hotels in Croatia.

Medika d.d

Market Cap: €150.6m

Engages in the wholesale and retail distribution of pharmaceutical products in the Republic of Croatia.

Span d.d

Market Cap: €123.2m

Provides information technology (IT) solutions to companies in Croatia, Slovenia, the United States, the United Kingdom, Ukraine, and internationally.

Auto Hrvatska d.d

Market Cap: €118.2m

Through its subsidiaries, engages in the sale of vehicles, spare parts, parts, tires, tools, and service equipment in Croatia, Slovenia, Bosnia, and Herzegovina and North Macedonia.

Kras d.d

Market Cap: €162.0m

Engages in manufacture and sale of confectionery products in Croatia.

Brodogradiliste Viktor Lenac d.d

Market Cap: €70.7m

Provides ship repair, maintenance, conversion, and other services for ships and crafts in Croatia.

KONCAR - Elektroindustrija d.d

Market Cap: €1.7b

Provides products, services, and solutions for power generation, power transmission and distribution, urban mobility and infrastructure, and digital solutions and platforms in Croatia.

Zagrebacka banka d.d

Market Cap: €7.7b

Provides banking and financial services primarily in the Republic of Croatia, and Bosnia and Herzegovina.

Zito d.o.o

Market Cap: €506.9m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

Cakovecki mlinovi d.d

Market Cap: €181.0m

Produces and trades food products in Croatia.

AD Plastik d.d

Market Cap: €72.9m

Develops, produces, and sells interior and exterior automotive components in Slovenia, Romania, Russia, France, Hungary, Italy, the United Kingdom, Germany, Spain, Serbia, Czech Republic, Vietnam, Slovakia, Croatia, Poland, the United States, and internationally.

Ericsson Nikola Tesla d.d

Market Cap: €251.9m

Provides communication products, solutions, and software in the Republic of Croatia, Bosnia and Herzegovina, and Central and Eastern Europe.

Kutjevo d.d

Market Cap: €34.5m

Engages in the production and trade of agricultural and food products in Croatia.

Maistra d.d

Market Cap: €618.4m

Engages in the hotel business in Croatia.

ING-GRAD d.d

Market Cap: €216.6m

Engages in construction business in Croatia.

Ðuro Ðakovic Grupa d.d

Market Cap: €1.8b

Operates in the defense, transport, machining, and energy and infrastructure sectors in Croatia and internationally.

Podravska banka d.d

Market Cap: €60.2m

Provides various banking and financial services for citizens, craftsmen, and small and medium-sized businesses in Croatia.

Granolio d.d

Market Cap: €15.8m

Engages in the production and sale of food, milk, agricultural products, and dairy products in Croatia and internationally.

ADRIATIC osiguranje d.d

Market Cap: €63.8m

Provides various insurance products and services in the Republic of Croatia and the Italian Republic.

Adris grupa d. d

Market Cap: €1.6b

Engages in the tourism, healthy food, insurance, and real estate businesses in Croatia and internationally.

Hrvatska postanska banka d.d

Market Cap: €595.2m

Provides various banking and financial products and services in the Republic of Croatia.

Agram banka d.d

Market Cap: €77.5m

Provides various banking products and services in the Republic of Croatia.

Helios Faros d.d

Market Cap: €36.7m

Operates and manages hotels in Croatia.

Plava laguna d.d

Market Cap: €746.4m

Engages in the hospitality and tourism businesses in Croatia.

Croatia osiguranje d.d

Market Cap: €976.6m

Engages in the non-life and life insurance, and reinsurance businesses in the Republic of Croatia, Slovenia, territory of Northern Macedonia, Bosnia and Herzegovina, and Serbia.

Losinjska Plovidba Holding d.d

Market Cap: €17.3m

Engages in goods and passenger transportation activities.