ZAGREB, July 30, 2019 – Atlantic Grupa generated an operating profit of 275.8 million kuna in the first half of 2019, an increase of 11.3% over the same period in 2018, while net profit after minority interests rose by 13.9% to 213.5 million kuna, the food company said in a financial statement on Tuesday.
Sales revenue was 2.57 billion kuna, up 3.5% from last year.
The group’s Vice President for Finance, Zoran Stanković, said that a special focus had been placed on brand management and human resources.
All this has certainly contributed to the trust placed in us by the financial community, as a result of which we recorded a record high value of our share in the first half of the year, he said.
The increase in sales was mainly driven by the strategic business areas “Savoury Spreads”, with 9.7% growth, and “Beverages”, with 3.5% growth. With HRK 532.7 million in sales and a 20.7 percent share in total revenues, “Coffee” stood out as the largest individual category.
All markets recorded growth in distribution operations, and the most significant growth was recorded by the Croatian market, of 11.8%.
Own brands accounted for 65.4% of the total sales, the brands of the principals in distribution accounted for 26.1%, and the Farmacia pharmacy chain participated with 8.5%.
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