All business and distribution units are growing, and significant increases in the prices of raw materials, packaging materials, energy sources and logistics and other services have had an expected impact on profitability In the first quarter of 2023, Atlantic Grupa recorded sales of EUR 215.6 million, which is a 16.8 percent increase compared to the same period of the previous year. Under the influence of significant price increases in the broad spectrum of business activities, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 12.2 percent and amount to EUR 20.9 million, while net profit in the first three months decreased by 20.4 percent and amounts to EUR 9.6 million. “In the first quarter of 2023, Atlantic Grupa achieved strong sales growth in all business and distribution units and in all significant markets.
The prices of raw materials and packaging materials, logistics and other services and energy are still at high levels, which, as we announced, affected profitability, and the drop in profitability was partially mitigated by optimizing internal resources and increasing product selling prices. With the strength of our brands and our people, operational efficiency and investments in digitization, modernization and business sustainability, we are ready for further growth”, Emil Tedeschi, CEO of Atlantic Grupa pointed out.
Original document can be downloaded as PDF
Original document can be downloaded as PDF
Source of information:
Atlantic Grupa Inc,
Miramarska 23
Information for investors:
TEL.: +385 1 2413 322
FAX: +385 1 2413 901
E-MAIL: ir@atlantic.hr
WEB: www.atlanticgrupa.co