Croatia Airlines d.d Past Earnings Performance
Past criteria checks 2/6
Croatia Airlines d.d has been growing earnings at an average annual rate of 13.2%, while the Airlines industry saw earnings growing at 18.1% annually. Revenues have been growing at an average rate of 2.4% per year. Croatia Airlines d.d's return on equity is 46.4%, and it has net margins of 1.1%.
Key information
13.2%
Earnings growth rate
28.2%
EPS growth rate
| Airlines Industry Growth | 0.5% |
| Revenue growth rate | 2.4% |
| Return on equity | 46.4% |
| Net Margin | 1.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Croatia Airlines d.d makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 228 | 2 | 0 | 0 |
| 31 Dec 23 | 224 | 2 | 0 | 0 |
| 30 Sep 23 | 225 | 2 | 35 | 0 |
| 30 Jun 23 | 214 | 6 | 34 | 0 |
| 31 Mar 23 | 193 | -15 | 34 | 0 |
| 31 Dec 22 | 183 | -18 | 35 | 0 |
| 30 Sep 22 | 164 | -29 | 26 | 0 |
| 30 Jun 22 | 134 | -40 | 26 | 0 |
| 31 Mar 22 | 105 | -40 | 26 | 0 |
| 31 Dec 21 | 95 | -38 | 26 | 0 |
| 30 Sep 21 | 82 | -38 | 24 | 0 |
| 30 Jun 21 | 65 | -44 | 24 | 0 |
| 31 Mar 21 | 53 | -46 | 0 | 0 |
| 31 Dec 20 | 73 | -48 | 23 | 0 |
| 30 Sep 20 | 108 | -37 | 44 | 0 |
| 30 Jun 20 | 160 | -22 | 43 | 0 |
| 31 Mar 20 | 208 | -12 | 43 | 0 |
| 31 Dec 19 | 219 | -11 | 44 | 0 |
| 30 Sep 19 | 218 | -13 | 43 | 0 |
| 30 Jun 19 | 220 | -12 | 43 | 0 |
| 31 Mar 19 | 217 | -13 | 43 | 0 |
| 31 Dec 18 | 218 | -11 | 43 | 0 |
| 30 Sep 18 | 216 | -17 | 45 | 0 |
| 30 Jun 18 | 214 | -16 | 46 | 0 |
| 31 Mar 18 | 211 | -12 | 45 | 0 |
| 31 Dec 17 | 208 | 1 | 45 | 0 |
| 30 Sep 17 | 206 | 14 | 41 | 0 |
| 30 Jun 17 | 206 | 18 | 41 | 0 |
| 31 Mar 17 | 197 | 14 | 41 | 0 |
| 31 Dec 16 | 194 | 1 | 40 | 0 |
| 30 Sep 16 | 190 | 1 | 42 | 0 |
| 30 Jun 16 | 190 | 3 | 42 | 0 |
| 31 Mar 16 | 190 | 3 | 42 | 0 |
| 31 Dec 15 | 186 | 2 | 41 | 0 |
| 30 Sep 15 | 183 | -4 | 39 | 0 |
| 30 Jun 15 | 179 | -7 | 40 | 0 |
| 31 Mar 15 | 180 | -1 | 39 | 0 |
| 31 Dec 14 | 180 | 1 | 39 | 0 |
| 30 Sep 14 | 184 | 3 | 40 | 0 |
| 30 Jun 14 | 187 | 6 | 40 | 0 |
| 31 Mar 14 | 186 | 2 | 40 | 0 |
| 31 Dec 13 | 188 | 0 | 40 | 0 |
| 30 Sep 13 | 189 | -60 | 44 | 0 |
| 30 Jun 13 | 199 | -65 | 45 | 0 |
Quality Earnings: CRAL has a high level of non-cash earnings.
Growing Profit Margin: CRAL became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CRAL has become profitable over the past 5 years, growing earnings by 13.2% per year.
Accelerating Growth: CRAL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CRAL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Airlines industry (75.1%).
Return on Equity
High ROE: Whilst CRAL's Return on Equity (46.4%) is outstanding, this metric is skewed due to their high level of debt.