Penta posted a 50% drop in net profit to €134m in 2020
The investment group Penta posted a 50% drop in net profit to €134m in 2020, the lowest profit in six years. Its EBITDA profit was down just 3% to €421m, though. The assets of its companies stagnated at €1.1bn and their sales at €6.9bn. The group invested €419m, a third less annually. The key profit generators were Dr. Max pharmacies, betting firm Fortuna, and its real estate arm. Its health insurer, Dôvera, lost €27m, and Polish retailer Empik, aluminum smelter Slovalco, and plane maker Aero were in the red, too. Its partner, Jaroslav Haščák, stepped down from the group’s management amid corruption charges and was replaced by Iain Child as managing partner.