Source: eKapija | Friday, 01.03.2019.| 08:30
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Atlantic Grupa has sales of EUR 701 million in 2018 - Growth in Serbian market 5.3%

Illustration (Photo: hxdyl/shutterstock.com)
In 2018, Atlantic Grupa recorded total sales of EUR 701 million, which compared to the previous year represents organic growth of 4.2%, while the nominal growth of 0.3 is a result of last year's sale of the Sports Food production to the Belgian partner and the absence of related contract production revenues, the company announced.

The overall increase in sales was mainly impacted by the Strategic Business Units: Savory Spreads, with 12.4% growth, Beverages with 7.5% growth, and Coffee with 3.5% growth. With 21.4% share and EUR 150 million in sales, Coffee also stands out as the largest individual category in total revenues.

The most significant growth in distribution operations was recorded by the Croatian market with 12.4% growth, Serbia with 5.3% growth and Slovenia, which recorded growth of 4.1%.

Own brands make 66.9% of the total sales, the brands of the principals in distribution 25.2% and the pharmacy chain Farmacia participates with 7.9%, Atlantic Grupa says.

– Among numerous initiatives, Argeta particularly stands out in the development of its own product range, and which, after a successful start of a service production in the USA a year earlier, established itself last year as the No.1 meat savory spread in Europe, with realized two-digit sales growth. With a refreshed recipe and a new design, Cockta achieved remarkable sales results, with a total growth in HoReCa segment of as much as 47%. With a consolidation of distribution operations within a single management unit, the portfolio was extended by contracts with new principals – the Mars company on the Croatian and Red Bull on the Serbian market, and last year's negotiations resulted also in a successful start of cooperation with Hipp company in Macedonia, at the beginning of 2019. Continuing the strategy of divesting „non-strategic” business operations, the business purchase agreement for Neva company, a leading Croatian cosmetics producer, whose product portfolio consists of the well-known brands Melem, Plidenta and Rosal, was signed in July with a renowned company Magdis from Zagreb – the press release says.

Emil Tedeschi, President of the Management Board emphasized that, in 2018, the group had been listed as the first issuer on the Prime Market of the Zagreb Stock Exchange. He also reminded that they had won the First Prize for Best Investor Relations, but also for the highest annual share price increase, of as much as 34.5%, which reflected in the highest level of market capitalization since Atlantic's share is traded with on the ZSE.

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