Operating expenses still extremely high, but excellent sales results have enabled profitability to grow In the first nine months of 2023, Atlantic Grupa recorded sales of EUR 721.6 million, which is a 15.5 percent increase compared to the same period of the previous year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 3.5 percent compared to the same period of the previous year and amount to EUR 73.1 million, while net profit increased by 1.7 percent and amounts to EUR 36.5 million.
“In a still unstable and challenging environment, Atlantic Grupa achieved strong sales growth in all segments and on all major markets. The Snacks and Beverages units stand out in particular, which, in addition to the value growth, also record a significant sales volume growth. It should be noted that the sales volumes of other business segments are also stable, which confirms our strategy and the quality of our brands.
Excellent sales results, despite the still high costs of raw materials and packaging materials, logistics and other services and energy, as well as a significant increase in salaries, enabled the growth of profitability.
I thank our employees, customers, suppliers and partners for their commitment and desire to make our business stronger together every day”, Emil Tedeschi, CEO of Atlantic Grupa pointed out.
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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.com