Croatian Company Based in Vukovar Experiences Continued Success

Lauren Simmonds

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As Poslovni Dnevnik writes on the 3rd of December, 2018, over the past five years, ENNA has become a regionally recognisable Croatian company, strongly positioned in the field of energy, logistics, distribution and infrastructure, making a name for itself as a very serious, integrated logistic operator unique in the region.

While news about the emigration from Croatia and especially from Slavonia continues to depress the masses everyday, for the Vukovar-based Energia naturalis group (ENNA) in 2018, positive news about new investments and good business results came about. Engaged in the energy sector, the company decided to take advantage of the plethora of benefits of the common European energy market which opened up to Croatia after joining the European Union. They spent years learning about other markets and were intensively preparing, and the results of trade on the aforementioned common European market came in 2017, and eventually reflected in some excellent business results.

The headquarters of ENNA lies in the Eastern Croatian city of Vukovar, and it continues to successfully operate through companies located in Hungary, Switzerland, Bosnia and Herzegovina, Serbia, and Slovenia.

Their success is based primarily on a wealth of knowledge, this young and ambitious team are oriented towards the digitalisation of the processes that take place within the company. In a way, ENNA represents a new generation on the Croatian business scene, recognising opportunities in a liberalised and growing integrated common European market. Thanks to this, this Croatian company achieved an incredibly impressive 1.2 billion euro in consolidated revenues last year.

Over the past two years, ENNA has invested more than 78 million euro into its business, strategically deciding on investments which make the most out of the synergistic potential within their own company portfolio. This year, they have continued to invest in rail freight and in the Port of Ploče, ESCO, various renewable energy sources, and energy trading, in which they remain the most successful. The ENNA ESCO company is currently completing the energetic reconstruction of a general hospital in Varaždin, and the energetic renewal of the police academy building in Zagreb is still ongoing. At the same time, in the Vukovar economic zone, the cogeneration plant for the production of electricity for biomass – ENNA biomass Vukovar and the new PPD business building, are now being completed.

The confirmation of their serious position is certainly proven by the collaboration with globally successful foreign partners. This Vukovar-based Croatian company has cooperated with VTTI, one of the largest operators and owners of oil storage terminals in the world, with Gazprom in the natural gas trade, and with INA, they’re developing a strategic partnership in the Petrokemija recapitalisation project.

The ENNA Group is in an intense digitalization process, with particular attention being paid to the education of its employees, through its own education and training system.

The real core of Energia naturalis is a PPD group that deals with the import, sale, supply and continued distribution of natural gas, and that story is one of seventeen long years of unwavering persistence.

As stated, that story started about seventeen years ago, PPD has been operating since 2001 and its beginnings are related to obtaining gas concessions in the town of Vukovar and nine municipalities in the wider area of Vukovar-Srijem County. The result is them becoming the 100 percent owner(s) of this high quality distribution network in a country that is entirely built on private investment.

Their capital was already over 100 million kuna, while their annual income was 50 million kuna. Over the last ten years, the company has managed to gain more than 13,000 permanent customers. The opening of the gas market, marked up as one of the conditions for Croatia’s accession to the European Union, finally occurred in 2012, with Croatia joining the bloc the following year. PPD welcomed the move, armed with the knowledge and experience of the neighbouring Hungarian market which they had been constantly visiting and studying for years before.

Since then, their revenue has increased significantly, and their interest has increased alongside that revenue growth. In the ENNA group, which is the owner of PPD and twenty other companies, 300 people are employed, and that is a figure which continues to rise.

Special engagement in the Vukovar region is considered a socially responsible business, in which ENNA and PPD participate through the continuous training of their employees and the New tomorrow (Novo sutra) foundation, which invests in socially useful projects in Slavonia and in scholarships for Slavonian students.

In addition to investing back into their own business and employees, they also invest in sport – and are the proud sponsors of successful clubs such as RK PPD Zagreb and the ENNA Vukovar women’s volleyball club. Thus, in addition to achieving excellent results, this Croatian company can also boast of investing in children and young people through some of the things that mean the most to them.

Make sure to follow our business and Made in Croatia pages for more information on Croatian companies, Croatian products, and doing business in Croatia.

 

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