[ad_1]
ZAGREB – In the first half of 2018, the Atlantik Group achieved a turnover of 332 million euros, up 4.1% over the same period of the year last
. These results are due to the exclusion of the effect of the service sold sports nutrition due to the sale of production facilities to the Belgian Aminolabs.
Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 39.5 million euros and increased by 5.3%. Net profits after minority interests increased by 8.8% to 22.3 million euros.
Good results were achieved on the wings of the growth of distribution activities and their own brands, and the whole year has passed new directors.
"Behind us, there is a balanced half-year growth in all major markets and in most areas of business." Zoran Stankovic, vice president of the Atlantic Financial Group, stressed that revenue growth continued to follow profitability growth and the settlement process of the Agrokor Group had been successful
according to the settlement, if Konzum achieved a four-year planned EBITDA included in the management and management forecasts of Agrokor advisers, Atlantic Grupa will recover all unpaid claims of members of the Agrokor group prior to the introduction of the extraordinary administrative procedure, or about eight million
The semester has was marked by the recent purchase contract of the company Neva, whose largest cosmetics producer in Croatia is the property of Magdis, known for its brand ren named Biobaza, as well as its pharmaceutical and medical raw materials. In this way, it continued to implement its strategic program of divestment of small "non-strategic" companies started last year through the sale of sports facilities and active nutrition to the Belgian Aminolabs.
The half-year was also marked by the consolidation of distribution operations. The Mars Group in Croatia, which has allowed stable growth of distribution in these markets.
In the individual markets, the highest growth was recorded in Croatia – 8.3%, followed by Bosnia and Herzegovina by 6.9% and Serbia by 6.1%
Significant growth registered in the other regions of the region – Macedonia and Montenegro – which increased by 9.8%.
In addition, in the internal organization, the whole of the distribution business is reorganized into a single field, and among the many initiatives in the development of its own product line, the Argeta's new production results in the United States are particularly high, a two-digit increase in the instant Turkish Black Coffee's 'Easy' and redesigned Cockets with excellent results achieved in the channel HOREC.
Atlantic Grupa's sales growth was mainly influenced by the strategic business sectors: Delicatessen spreads with growth of 12.5%, Beverages with a growth of 9.6 percent and the coffee with a growth of 6.8 percent.
Coffee is also the largest category of total revenue with 21.3 percent stake and 71 million euros in sales revenue.
(Tanjug)
Source link
