Ericsson Nikola Tesla d.d. Logo

Ericsson Nikola Tesla d.d.

ISIN: HRERNTRA0000 | Ticker: ERNT | LEI: 5299001W91BFWSUOVD63
Country: Croatia

About Ericsson Nikola Tesla d.d.

Company Description

Ericsson Nikola Tesla is a Croatian company that, as an associated member of Ericsson Corporation, operates in the global ICT market.

The company’s activities include marketing and sales, research and development, design of total communication solutions, services in multi-service and mobile networks area, including mobile Internet and complex system integration in all business areas. The company provides innovative solutions in health care, transport, state administration, municipal services and multimedia that constantly improve people’s life and create new value. The Company operates within the Ericsson Market area Europe and Latin America.

Year founded


Served area

Europe + Latin America


Krapinska 45, 10002 Zagreb – Croatia

Financial statements

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Line item in (hrk) 02.01.2020 01.01.2021 02.01.2021 01.01.2022 01.01.2023
Assets N/A 994,275,000.00 N/A 1,203,655,000.00 N/A
Noncurrent Assets N/A 259,687,000.00 N/A 229,076,000.00 185,348,000.00
Property Plant And Equipment N/A 153,802,000.00 N/A 134,198,000.00 117,111,000.00
Intangible Assets Other Than Goodwill N/A 347,000.00 N/A 1,080,000.00 677,000.00
Investments In Subsidiaries Joint Ventures And Associates N/A 1,053,000.00 N/A 1,053,000.00 1,052,000.00
Deferred Tax Assets N/A 9,541,000.00 N/A 15,606,000.00 19,763,000.00
Noncurrent Loans And Receivables N/A 37,867,000.00 N/A 21,928,000.00 15,817,000.00
Current Assets N/A 734,588,000.00 N/A 974,579,000.00 N/A
Inventories N/A 86,616,000.00 N/A 142,852,000.00 56,145,000.00
Current Trade Receivables N/A 193,332,000.00 N/A 201,473,000.00 118,686,000.00
Trade And Other Current Receivables Due From Related Parties N/A 89,002,000.00 N/A 76,808,000.00 144,466,000.00
Current Prepayments N/A 33,411,000.00 N/A 6,787,000.00 8,359,000.00
Current Tax Assets Current N/A 11,979,000.00 N/A 181,000.00 N/A
Cash and cash equivalents 97,906,000.00 281,056,000.00 281,056,000.00 477,487,000.00 N/A
Equity And Liabilities N/A 994,275,000.00 N/A 1,203,655,000.00 N/A
Equity 314,753,000.00 345,874,000.00 345,874,000.00 404,042,000.00 N/A
Issued Capital N/A 133,165,000.00 N/A 133,165,000.00 N/A
Retained Earnings N/A 192,934,000.00 N/A 240,524,000.00 N/A
Treasury Shares N/A 506,000.00 N/A 12,421,000.00 N/A
Other Reserves N/A 13,904,000.00 N/A 36,512,000.00 N/A
Statutory Reserve N/A 6,658,000.00 N/A 6,658,000.00 N/A
Liabilities N/A 648,401,000.00 N/A 799,613,000.00 N/A
Noncurrent Liabilities N/A 79,254,000.00 N/A 59,748,000.00 N/A
Noncurrent Provisions For Employee Benefits N/A 10,388,000.00 N/A 8,597,000.00 N/A
Other Noncurrent Liabilities N/A 1,095,000.00 N/A 446,000.00 N/A
Longterm Borrowings N/A 30,387,000.00 N/A 17,031,000.00 N/A
Current Liabilities N/A 569,147,000.00 N/A 739,865,000.00 N/A
Current Provisions N/A 13,718,000.00 N/A 13,601,000.00 N/A
Trade And Other Current Payables N/A 230,553,000.00 N/A 253,501,000.00 N/A
Trade And Other Current Payables To Related Parties N/A 10,937,000.00 N/A 12,628,000.00 N/A
Current Contract Liabilities N/A 192,322,000.00 N/A 289,976,000.00 N/A
Current Tax Liabilities Current N/A 2,463,000.00 N/A 16,806,000.00 N/A
Current Borrowings And Current Portion Of Noncurrent Borrowings N/A 14,316,000.00 N/A 14,134,000.00 N/A
Line item in (hrk) 01.01.2020/
Revenue 2,022,953,000.00 2,203,897,000.00 1,661,347,000.00
Other Income 23,185,000.00 26,000,000.00 98,766,000.00
Profit Loss From Operating Activities 104,391,000.00 186,424,000.00 144,904,000.00
Finance Income 6,125,000.00 9,566,000.00 7,151,000.00
Finance Costs 3,884,000.00 1,802,000.00 3,046,000.00
Impairment Loss Impairment Gain And Reversal Of Impairment Loss Determined In Accordance With I F R S9 9,336,000.00 1,158,000.00 216,000.00
Profit Loss Before Tax 106,632,000.00 194,188,000.00 149,009,000.00
Income Tax Expense Continuing Operations 12,092,000.00 16,840,000.00 1,490,000.00
Profit (loss) 94,540,000.00 177,348,000.00 147,519,000.00
Line item in (hrk) 01.01.2021 02.01.2020 01.01.2022 02.01.2021 01.01.2023
Profit (loss) 94,540,000.00 N/A 177,348,000.00 N/A 147,519,000.00
Adjustments For Decrease Increase In Inventories 86,097,000.00 N/A -58,162,000.00 N/A N/A
Adjustments For Depreciation And Amortisation Expense 55,686,000.00 N/A 57,096,000.00 N/A N/A
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss -8,715,000.00 N/A 760,000.00 N/A N/A
Adjustments For Provisions -2,589,000.00 N/A -1,903,000.00 N/A N/A
Adjustments For Unrealised Foreign Exchange Losses Gains 4,823,000.00 N/A -4,806,000.00 N/A N/A
Adjustments For Sharebased Payments 3,269,000.00 N/A 4,404,000.00 N/A N/A
Adjustments For Fair Value Gains Losses -265,000.00 N/A -121,000.00 N/A N/A
Adjustments For Losses Gains On Disposal Of Noncurrent Assets -168,000.00 N/A -68,000.00 N/A N/A
Cash Flows From Used In Operations 311,279,000.00 N/A 376,456,000.00 N/A N/A
Interest Paid Classified As Operating Activities 1,880,000.00 N/A 1,991,000.00 N/A N/A
Income Taxes Paid Refund Classified As Operating Activities 1,299,000.00 N/A 4,518,000.00 N/A N/A
Cash Flows From Used In Operating Activities 308,100,000.00 N/A 369,947,000.00 N/A N/A
Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities 5,013,000.00 N/A 0.00 N/A N/A
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 201,000.00 N/A 108,000.00 N/A N/A
Proceeds From Government Grants Classified As Investing Activities 11,261,000.00 N/A 1,324,000.00 N/A N/A
Cash Advances And Loans Made To Other Parties Classified As Investing Activities 15,000,000.00 N/A N/A N/A N/A
Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities 16,014,000.00 N/A N/A N/A N/A
Dividends Received Classified As Investing Activities 59,000.00 N/A 59,000.00 N/A N/A
Interest Received Classified As Investing Activities 1,777,000.00 N/A 2,835,000.00 N/A N/A
Cash Flows From Used In Investing Activities -40,549,000.00 N/A -14,454,000.00 N/A N/A
Payments To Acquire Or Redeem Entitys Shares 1,235,000.00 N/A 14,307,000.00 N/A N/A
Proceeds From Borrowings Classified As Financing Activities 53,182,000.00 N/A 0.00 N/A N/A
Repayments Of Borrowings Classified As Financing Activities 46,369,000.00 N/A 14,831,000.00 N/A N/A
Payments Of Lease Liabilities Classified As Financing Activities 23,050,000.00 N/A 22,807,000.00 N/A N/A
Dividends Paid Classified As Financing Activities 65,231,000.00 N/A 109,166,000.00 N/A N/A
Cash Flows From Used In Financing Activities -82,703,000.00 N/A -161,111,000.00 N/A N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -1,698,000.00 N/A 2,049,000.00 N/A N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 183,150,000.00 N/A 196,431,000.00 N/A N/A
Cash and cash equivalents 281,056,000.00 97,906,000.00 477,487,000.00 281,056,000.00 N/A

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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