Conglomerate earned €846.2 million, up 11.8 percent on 2021
The largest growth, amounting to 20.2 percent, was seen in the beverages business, where Cedevita is the leading brand. Coffee came next, with Barcaffe and Grand Kafa registering growth of 16.2 percent, and the pharmacy business under the Farmacia label coming third, with double-digit growth at 10.5 percent. Serbia and Croatia were the top territories, where growth stood at 15.5 and 10.7 percent, respectively.
‘Despite many challenges in our operating environment, in 2022 Atlantic Grupa achieved record sales, with growth taking place across all businesses and territories. The year was market by the energy crisis, more supply chain bottlenecks and shortages, and major price rises for nearly all strategic raw materials and services. We were only partially able to offset these rising costs by optimising internal resources and, and to a lesser extent by increasing our own prices, which, as expected, reduced profitability. Regardless, we have continued to invest in business development, including innovations to our product portfolio, modernisation of production capacity, and continuing digital transformation’, said Emil Tedeschi, President and Chief Executive Officer of Atlantic Grupa.
The success of the group’s operations and approach has brought it coveted awards: in 2022, Atlantic Grupa again won first prize for investor relations from Croatian business daily Poslovni Dnevnik and the Zagreb Stock Exchange. Its brands have also been recognised throughout the region for market communications, with Donat mineral water in particular making it into the finals of the Global Best of the Best Effie Awards.
