In 2024, Atlantic Grupa recorded sales revenue of 1.08 billion euros, representing a growth of 10.8 percent compared to the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 12.0 percent to 97.0 million euros, while net profit amounts to 26.5 million euros, a decrease of 15.2 percent compared to 2023. As announced, this is due to the negative impact of strong pressures from historically high coffee and cocoa prices on profitability, particularly in the last quarter of last year.
– Despite unfavorable conditions in the environment, Atlantic Grupa concluded 2024 with excellent sales results, surpassing one billion euros for the first time. The record revenue was achieved due to sales growth in all business and distribution areas and in larger markets, and we achieved EBITDA growth despite unprecedented increases in our key raw materials, coffee and cocoa, as well as higher investments in employees and marketing. I would like to thank all our employees for their dedication to strengthening the business, as well as our partners for their long-term support. We expect a challenging environment ahead, but we remain focused on enhancing competitiveness, innovation, and profitable and sustainable growth,” emphasized the CEO of Atlantic Grupa Emil Tedeschi.
Coffee, Beverages, and Delicatessen Spreads Lead Growth
The highest sales growth was achieved by the Strategic Business Areas (SBAs) Coffee (24.5 percent), Beverages (9.5 percent), and Delicatessen Spreads (9.1 percent). Coffee, with a share of 23.0 percent of total revenue, is the largest individual category. In distribution, the Strategic Distribution Area (SDA) Serbia leads with a growth of 12.6 percent, followed by North Macedonia with a growth of 11.3 percent and Croatia with a growth of 8.7 percent, while key European markets achieve double-digit growth due to increased sales in the markets of Germany, Austria, and Switzerland. In total sales, own brands account for 62.7 percent, pharmacy business 8.8 percent, while principal brands contribute 28.5 percent of sales revenue.
The past year was marked by the acquisition of Strauss Adriatica, and the integration into the Atlantic Grupa system was exceptionally successful, with significant synergy effects expected from next year. Notable distribution developments include the automation of the central warehouse in Vukovina with advanced 2D shuttle technology, which Atlantic was among the first to introduce in this part of Europe. The year was characterized by significant capital investments of nearly 50 million euros, with investments highlighted in the development of production lines for salty and sweet snacks in Belgrade and the Donata production facility in Rogaška Slatina.
