Atlantic Grupa posts revenue, net profit growth in 2015

In 2015, Atlantic Grupa recorded sales of HRK 5.4 billion, which is a 5.6 percent growth compared to the previous year, while net profit after minority interests amounts to HRK 242.3 million, which is a 21.1% growth compared to 2014, the group said on Monday, adding that development would focus on developed western markets.

Earnings before interest and taxes amount to HRK 404 million and are lower by 8.3 percent, primarily due to the increase in prices of raw materials and unfavourable foreign currency exchange rate movements. 

"Despite challenging macroeconomic conditions on most markets, in 2015 we recorded sales growth and improvement in net profitability and, according to the latest survey of Euromoney, Atlantic Grupa received the award as the best-managed company in Croatia and the best-managed company in the food and beverages sector in Central and Eastern Europe. Continuing the development of operations in the region, the focus of our future development is on the developed western markets, where our brands Argeta, Bakina tajna, Donat Mg, Cedevita and Multipower have the greatest potential”, said Emil Tedeschi, president of the Management Board.

Analysed by market, the highest growth of 9.7% was recorded in Serbia, which holds a 23.2% share in the total revenues, followed by Croatia with a 9.6% growth, which is Atlantic Grupa's largest market with a 26.1% share.

Among key business developments in 2015, the group pointed out the reorganisation of distribution operations with the establishment of distribution companies in the markets of Germany and Austria, which proves the strong focus on further internationalisation.

The year was marked by further strengthening of distribution in the region, and in Croatia a contract was signed with the new principal, Phillips Hrvatska. Also, after less than a year since the beginning of construction, the new energy bars factory in Nova Gradiska, in which HRK 100 million was invested, began its operations.

In 2016, the focus will remain on internationalization and growth in existing markets, and special attention will be given to liquidity, financial liabilities and risk management.

(EUR 1 = HRK 7.6)

Last update: Mon, 22/02/2016 - 12:00
Author: 

More from Business

Frankfurt airport test-runs new automatic immigration system

Frankfurt airport was testing out a new automatic immigration system on Thursday, the first time such a system has...

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting...

Vipnet taking over Metronet

Vipnet, a mobile network operator company, has acquired a controlling share in the company "Metronet...

UniCredit sells stake in Polish bank Pekao to strengthen capital

Italy's biggest bank by assets, UniCredit, said Thursday it was going to sell a 32.8-per-cent stake in Polish...

BAT factory in Kanfanar exports to 19 markets

British American Tobacco (BAT) is satisfied with the results achieved in its first year of doing business in Croatia...