Atlantic Grupa's sales rose 7.9 percent in Q1 2012

In the first quarter of 2012, Atlantic Grupa reported sales of HRK 1.05 billion (about EUR 140 million), up by 7.9% from the same period last year. The operating profit before interest, taxes and amortization (EBITDA) increased by 44.4%, reaching a figure of HRK 134.2 million (EUR 17.9 million), while the net loss after minority interests, under significant influence of negative exchange rate differences, amounted to HRK 6.3 million.

Double digit growth rates of strategic business units Coffee, Snacks, Pharma and Personal Care and Savoury Spreads considerably influenced the sales growth of Atlantic Grupa in the first quarter of 2012.

The first quarter was marked by the reorganization of business activities after the successful integration of Droga Kolinska within the Atlantic Grupa system. The company implemented a new organizational structure based on six strategic business units (Coffee, Snacks, Savoury Spreads, Beverages, Pharma and Personal Care and Sports and Functional Food), along with four Strategic distribution units (Croatia, Slovenia-Serbia-Macedonia, HoReCa, International markets) and the Russian market.

According to the forecasts, the second phase of the production consolidation within Atlantic Grupa continued during the first quarter and manufacturing of Multipower beverages was moved from the contractual manufacturer to our own premises in Rogaska Slatina.

Croatia remains the biggest single market of Atlantic Grupa with 26.3 percent market share, followed by Serbia with 24,9 percent, Slovenia with 12 percent, Bosnia & Herzegovina with 8 percent, the remaining regional markets with 5.8 percent, while the West European markets account for 9.1 percent of total sales. The Russian and Eastern European markets with the share of 4.3 percent in total sales record the highest growth of 33.2 percent. The remaining markets account for 9.6 percent in total sales.