ZAGREB, 24 Feb 2022 - Atlantic Grupa generated HRK 345.9 million net profit in 2021, which is 1.1% more than in 2020, while sales revenues reached HRK 5.7 billion, increasing by 8.6% from 2020 and by 9.3% from the pre-pandemic 2019, the retail group said in a financial statement on Thursday.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 1.1% to HRK 724.4 million, and the same increase was recorded for net profit, which amounted to HRK 345.9 million.
“Last year, Atlantic Grupa showed a high level of stability, despite economic disruptions caused
by the prolonged COVID-19 pandemic and difficulties with global supply chains, and we have
concluded our jubilee 30th year of operation with the historically highest revenues," CEO Emil Tedeschi said in a comment on the results achieved.
All business segments recorded growth thanks to, among other things, significant marketing, and capital investments, a better epidemiological situation in all markets, and a significantly better tourist season in Croatia compared to 2020.
Among the group's markets, Croatia led with a growth of 12.8% and was followed by Bosnia and Herzegovina with 8.8% growth and Serbia with 8.3% growth.
Own brands accounted for 62.6% of total sales, principal brands for 28.1%, and Farmacia for 9.3%.
Last year, Atlantic Grupa continued the planned investments, notably in technology in Atlantic Štark, new forms of Cedevita packaging, and the new Argeta factory near Varaždin. The value of this project exceeded €50 million and was expected to create up to 150 new jobs
For more, check out our business section
