Date: 25/02/2021

Atlantic Group performance reveals resilience of company’s strategy

Atlantic Group sees profits grow at previous year’s levels and record low debt

In 2020, Atlantic Group’s performance remained largely stable, despite the disruptions caused by the Covid-19 pandemic. The company took in 5.3 billion kunas in sales revenue, a 3.3 percent drop relative to 2019. Its net profit amounted to 342.3 million kunas, having increased by 13.3 percent on the previous year, which represented a nominal decline of 12.3 percent.

‘Our stable financial position, ability to optimise our business processes, and robust strategic management have allowed us to maintain continuity of operations and keep jobs secure, actively contribute to helping the community fight coronavirus, and increase our profitability, whilst suffering a minimum of adverse effects on consolidated revenue and registering record low debt. Despite the pandemic crisis, we are continuing planned investment in growing our business. Even though the public health situation remains uncertain, our priorities are unchanged: to ensure our staff stay in good health, avoid interruptions in production and distribution to our buyers and consumers, and maintain our socially responsible efforts in their broadest sense’, said Emil Tedeschi, President and CEO of Atlantic Group.