April the 13th, 2023 - The Croatian Orbico Group is aiming high for this year with its logistics and distribution centre, after rounding off 2022 with a fantastic turnover and earnings.
As Poslovni Dnevnik/Jolanda Rak Sajn writes, the Croatian Orbico group ended last year with an extremely impressive turnover of 3.2 billion euros, with EBITDA (earnings before interest, taxes and depreciation) of around 72 million euros in total.
The achieved growth stood at about 15%, and it was similar right here in Croatia, where Orbico achieved a record 520 million euros in turnover. In an interview with Vecernji list, Branko Roglic, the owner of the group which is currently the largest European distributor of consumer goods, announced that the construction of their LDC (logistics and distribution centre) in Zdencina will begin at the end of this month.
"The total cost of the construction should be around 55 million euros, while the necessary equipment and automation systems that are planned imply an additional 15 million euros of investment. As far as moving in is concerned, we're tentatively talking about the period from the 2nd to the 4th quarter of 2024. With an additional 42,000 m2 in the first phase in Zdencina, the total storage capacity of Orbico in Croatia and Slovenia will rise to 114,000 m2. We do business with more than 100 suppliers, and more than 340,000 pallets of various goods pass through our centres based in Croatia annually."
Roglic also stated that the Croatian Orbico group is working on a permit for the construction of a marina in Omis in Central Dalmatia, but that project is still in the early stages and it is necessary to obtain a permit first.
"Investments outside of the Republic of Croatia alldepend on the end of the war in Ukraine. I hope that will occur soon and that peace will return to Ukraine and its citizens. We do business in 20 countries, but due to the war in Ukraine, we froze our work in the Russian Federation, shut down our operations in Belarus, while we're continuing to work in Ukraine with a slight drop in traffic," said Roglic, revealing the Croatian Orbico group's current five-year plans.
"We're counting on great development. By the year 2030, if everything goes well, we will have a turnover of 6.2 billion euros, which would mean that we will double it in the next seven years,'' Roglic concluded.
For more, check out our business section.
