Atlantic Grupa H1 2013 revenues at EUR 322.7 million

In the first six months of 2013, Atlantic Grupa reported sales revenue amounting to HRK 2,420.7 million, 3.3 percent higher compared to the same period last year. The earnings before interest and taxes (EBIT) increased by 5.2 percent as compared to the same period last year reaching a figure of HRK 219.1 million, while the net profit after minority interests recorded HRK 114.5 million owing to the considerably reduced amount of interest expenses after the successful refinancing of loan liabilities.

The growth in sales was mainly propelled by the Strategic Business Units Sports and Functional Food (16.9 percent), whereby the most considerable growth was realised on the markets of Germany and Switzerland, and Pharma and Personal Care (3.6 percent) which reported growth on the Russian market due to the change of distributor thus offsetting the stagnant sale in the first quarter.

The Strategic Business Unit Snacks developed at a 3.4 percent rate recording a considerable growth in the categories of flips, biscuits and chocolate on the Serbian and Macedonian markets. Coffee, as the biggest single category, which recorded HRK 506.5 million in sales revenue, improved its results by 1.7 percent compared to the same period last year.

The Croatian market accounted for the highest portion in the total sales revenue with 24.4 percent followed by the Serbian market with 24.0 percent. The third biggest market is the Slovenian market with 12.8 percent, followed by B&H with 7.6 percent and other regional markets with 6.2 percent.

Atlantic Grupa in Serbia operates Soko Stark, Grand Prom, and Palanacki Kiseljak.