Atlantic Grupa

Last updated
Atlantic Grupa d.d.
Company type Public
ZSE:  ATGR
ISIN HRATGRRA0003  OOjs UI icon edit-ltr-progressive.svg
Industry Fast moving consumer goods, production and distribution
Founded1991;33 years ago (1991)
Founder Emil Tedeschi
Headquarters Zagreb, Croatia
Key people
Emil Tedeschi (CEO)
Zoran Stanković, Neven Vranković, Lada Tedeschi Fiorio, Srećko Nakić, Enzo Smrekar (Members of Management Board) [1]
RevenueIncrease2.svg €987.1 million (2023 [2] )
44,680,000 Euro (2023)  OOjs UI icon edit-ltr-progressive.svg
Decrease2.svg €27.00 million (2023 [2] )
Total assets Increase2.svg €907.7 million (2023 [2] )
Total equity Increase2.svg €446.3 million (2023 [2] )
OwnerEMyberg d.o.o (50.2%)
Lada Tedeschi Fiorio (5.8%)
Pension Funds (35.3%)
Others
(as of 31 December 2023) [2]
Number of employees
5,354 (2023 [2] )
Website www.atlantic.hr/en

Atlantic Grupa d.d. is a Croatian multinational company whose business operations include the production, development, sales and distribution of consumer goods with simultaneous market presence in over 40 countries around the world. [3] [4]

Contents

Atlantic Grupa is one of the leading FMCG companies in the region. [5] [6] Its primary activities comprise the production and distribution of food products, including sports nutrition products and dietary supplements. Additionally, Atlantic Grupa is also a manufacturer of over-the-counter drug medicines and the company also operates the Farmacia chain of pharmacies. [7] Finally, Atlantic Grupa has a regional and international distribution network through which, in addition to its range of brands, it also distributes a range of products from external partners. [8] [9]

The company's headquarters are in Zagreb, [10] while 17 production facilities are located in Croatia, Slovenia, Bosnia and Herzegovina, Serbia and North Macedonia. Atlantic Grupa owns companies and representative offices in 10 countries. [11] [12] [9] [13]

History

1991–2001: Foundation and domestic expansion

The beginning of Atlantic Grupa dates back to 1991 when Atlantic Trade d.o.o., a company for distribution of consumer goods, was founded. In the following years, the company grew into a national distributor with distribution centres in Zagreb, Split, Rijeka and Osijek and a distribution portfolio from principals such as Wrigley, Procter & Gamble, Johnson & Johnson, etc. [8] [14]

In 1991, Atlantic Trade was incorporated and the development of consumer goods distribution started across Croatia. [10]

In 1997, the company invested in the "Ataco" distribution system in Bosnia & Herzegovina. [15] In 1998, Atlantic Grupa launched the first Croatian ready-made sandwich for broad distribution named Montana. [16]

2001–present: Regional expansion

With the opening of the representative office in Bosnia & Herzegovina in 2001 the company became a regional company, [15] [5] which was in later years followed by own distribution companies in Serbia, North Macedonia and Slovenia. In addition to being a distribution company, with the acquisition of Cedevita d.o.o. in 2001, Atlantic Grupa also became a production company. [8] [14]

In 2001, Atlantic Grupa acquired Croatian instant vitamin drink producer Cedevita d.o.o. [17] In the following year, it incorporated Atlantic Grupa d.o.o. [8]

In 2003, it acquired Croatian cosmetics company Neva d.o.o. [18] It also started up a distribution company Atlantic Trade Skopje d.o.o. [19] In 2004, the Croatian manufacturer of all-purpose skin and lip balm Melem, was purchased in the same year. [14]

In 2005, Atlantic Grupa acquired German sports food producer Multipower, which marked the first acquisition outside of former Yugoslavia. [20] In 2006, the company established a representative office in Moscow. [8] In the same year, the company was transformed into a joint stock company. [21] [22]

In 2007, it purchased Fidifarm, leading Croatian producer of OTC medicines [20] [23] Also, it acquired Serbian instant vitamin drink producer Multivita d.o.o., thus cementing leadership status in the region in the industry of vitamin drinks. [24] In the same year, after the implementation of the initial public offering of shares, Atlantic Grupa d.d. was listed on the official market of the Zagreb Stock Exchange. [25]

In 2008 the company started to acquire pharmacy institutions and form its own pharmacy chain Farmacia. [26] In 2010, it purchased Droga Kolinska, the leading Slovenian food producer, for 382 million euros. [27] [8] [14] The acquisition of Kalničke Vode Bio Natura d.d. came in the same year. [28]

In 2013, the company established a cooperation with Unilever. [29] In 2015, Atlantic Grupa acquired Foodland, Serbian producer of homemade fruit and vegetable products e.g. jams, juices [30]

Organisation

Organisational structure

The business organisation of Atlantic Grupa comprises two basic segments: [7]

Corporate government

Atlantic Grupa's corporate management structure is based on a dual system consisting of the company's Supervisory Board and Management Board. Together with the General Assembly, a body in which shareholders accomplish their rights in Company matters, they represent the three principal bodies of the company. [8]

Management Board

Atlantic Grupa's Management Board is composed of the President and CEO, Vice President for Finance, Vice President for Corporate Affairs, Vice President for Strategy, Business development and Growth, Vice President for Distribution and Vice President for Savoury spreads, Donat Mg and international expansion. Alongside the management board operates the Strategic Management Council which represents a multifunctional body dealing with vital strategic and operational corporate issues. [31] [32]

  • Emil Tedeschi: President of the Management Board
  • Zoran Stanković: Vice President for Finance
  • Neven Vranković: Vice President for Corporate Affairs
  • Lada Tedeschi Fiorio: Group Vice President for Strategy, Business development and Growth
  • Srećko Nakić: Group Vice President for Distribution
  • Enzo Smrekar: Group Vice President for Savoury spreads, Donat Mg and international expansion

Supervisory Board

Supervisory Board of Atlantic Grupa comprises seven members, representatives of the academic and business community as well as shareholders. Members of supervisory board are: [31]

  • Zdenko Adrović: President
  • Siniša Petrović: Deputy of the President of the Supervisory Board
  • Lars Peter Elam Håkansson: Member
  • Franz-Josef Flosbach: Member
  • Saša Pekač: Member
  • Anja Svetina Nabergoj: Member

Brands

Atlantic's Brands

Atlantic Grupa develops its Brands in 6 Strategic Business Units (SBU): Beverages, Coffee, Snacks, Savoury Spreads, Pharma and Personal Care, and Sports and Functional Food [12] [33] [34]

Principals' Brands

Atlantic Grupa distributes the entire product range from Atlantic's own production and the assortment of external principals. [36] [37] In Croatia, Serbia, Slovenia, North Macedonia, Russia and Austria, [12] Atlantic owns its own distribution companies while distribution in B&H and Montenegro is organised in cooperation with the partner company Ataco. [8]

Atlantic Grupa's portfolio is approximately 70% Atlantic's Brands with the rest being Principals' Brands. [38]

Related Research Articles

<span class="mw-page-title-main">Chief operating officer</span> Executive position

A chief operating officer (COO), also called chief operations officer, is an executive in charge of the daily operations of an organization. COOs are usually second-in-command immediately after the CEO, and report directly to them, acting on their behalf in their absence.

<span class="mw-page-title-main">Mercator (retail)</span>

Poslovni sistem Mercator, d.o.o. is a Slovenian business conglomerate. One of the largest companies in Slovenia by annual revenue, it is the parent company of the Mercator Group of supermarket chains. It is wholly owned by the Croatian joint-stock company Fortenova Group.

<span class="mw-page-title-main">CSX Corporation</span> American transportation company

CSX Corporation is an American holding company focused on rail transportation and real estate in North America, among other industries. The company was established in 1980 as part of the Chessie System and Seaboard Coast Line Industries merger. The various railroads of the former Chessie System and Seaboard Coast Line Industries that are now owned by CSX Corporation were eventually merged into a single line in 1986 and it became known as CSX Transportation. CSX Corporation currently has a number of subsidiaries beyond CSX Transportation. Previously based in Richmond, Virginia after the merger, the corporation moved its headquarters to Jacksonville, Florida, in 2003. CSX is a Fortune 500 company.

<span class="mw-page-title-main">MOL (company)</span> Hungarian Oil and Gas Public Limited Company

MOL Plc., also known as MOL Group, is a Hungarian multinational oil and gas company headquartered in Budapest, Hungary. Members of MOL Group include among others the Croatian and Slovak formerly state-owned oil and gas companies, INA and Slovnaft. MOL is Hungary's most profitable enterprise, with net profits of $770 million in 2019. The company is also the third most valuable company in Central and Eastern Europe and placed 402 on the Fortune Global 500 list of the world's largest companies in 2013.

Agrokor was a conglomerate, largely centered in agribusiness, with headquarters in Zagreb, Croatia. Founded in 1976 as a flower grower, it became a joint stock company in 1989, with 100 percent ownership held by founder Ivica Todorić. It greatly expanded its operations in the following 25 years by acquiring several large companies in Croatia and Southeast Europe. The Agrokor group had an annual sales revenue of €6.465 billion in 2015, which made it the second-largest retail and eleventh-largest overall company in all of Southeast Europe. As of 31 December 2017, Agrokor employed around 50,900 people. On 1 April 2019, the assets of the demised Agrokor were consolidated within the newly founded Fortenova Group.

<span class="mw-page-title-main">Kraš</span> Food company based in Croatia

Kraš is a Croatian food company based in Zagreb, specializing in confectionery products. In 2012, Kraš was, after Podravka, the second largest Croatian exporter of food.

<span class="mw-page-title-main">Hrvatska elektroprivreda</span> National power company in Croatia

Hrvatska elektroprivreda is a national power company in Croatia which has been engaged in electricity production, transmission and distribution for more than one century, and with heat supply and gas distribution for the past few decades. HEP Group is organized in the form of a holding company with a number of daughter companies.

<span class="mw-page-title-main">Đuro Đaković (company)</span> Metal engineering group based in Croatia

Đuro Đaković Grupa d.d. is a Croatian metal mechanical engineering group based in Slavonski Brod, Croatia. The company is named after Đuro Đaković, a prominent Yugoslav communist of the Interwar period.

CROBEX is the official share index of the Zagreb Stock Exchange. As of March 2023, it includes stocks of 15 companies and is calculated continuously using the latest stock prices. It is measured using free float market capitalization, where the weight of each individual stock is limited to 10 percent.

Istrabenz is a Slovenian holding company, one of the largest in Slovenia with a total of 73 companies under its management.

<span class="mw-page-title-main">Adris Grupa</span>

Adris Grupa d.d. is a Croatian diversified conglomerate based in Rovinj. It has more than 8,000 employees, and is one of the leading companies in the region, with an annual income of more than 5 billion kunas.

<span class="mw-page-title-main">Cedevita</span> Croatian company producing a wide range of drinks

Cedevita d.o.o. is a Croatian company which produces a wide range of teas, instant drinks, and dietetic products. A notable owner of the company was the Croatian pharmaceutical company Pliva d.d. Since 2001 Cedevita has been part of the Atlantic Grupa.

<span class="mw-page-title-main">Viro (company)</span> Croatian company operating a sugar refinery

The Viro sugar factory, commonly referred to as just Viro, is a sugar refinery based in Virovitica, Croatia.

Alpha Adriatic d.d. is a Croatian ship management company. Founded and based in Pula, the company owns and operates four bulk carriers and four tankers, five of which are owned by their own subsidiary companies, while 3 ships are entrusted to the company for management by domestic and foreign third parties. The company also provides ship management services to fleets owned by other shipping companies.

Swisslion Group is a Serbian multinational food and drinks manufacturer headquartered in Novi Sad. Its products are produced in its factories located in Serbia, Croatia, North Macedonia, and Bosnia and Herzegovina.

<span class="mw-page-title-main">Telekom Slovenije</span>

Telekom Slovenije d.d. is a telecommunications company based in Slovenia, with its headquarters in Ljubljana.

<span class="mw-page-title-main">Sberbank Europe Group</span>

Sberbank Europe Group was a banking group headquartered in Vienna, Austria, and owned by Sberbank, a Russian state-controlled company. Sberbank Europe provided financial services to over 780,000 customers in eight countries in Central and Eastern Europe. It was liquidated in early March 2022 following the Russian invasion of Ukraine.

Metalac a.d. is a Serbian manufacturing company based in Gornji Milanovac, Serbia. With around 2,000 employees, it is one of the largest companies in Moravica District.

<span class="mw-page-title-main">Fortenova Group</span> Conglomerate company

Fortenova Group is a food producer and retailer headquartered in Zagreb, Croatia. It began operations on 1 April 2019. The company was formed through the implementation of the Settlement Plan agreed upon by the creditors of Agrokor. Agrokor, due to financial insolvency and excessive debt, had entered pre-bankruptcy proceedings managed under the Extraordinary Administration Procedure in accordance with the Act on Extraordinary Administration Procedures in Companies of Systemic Importance to the Republic of Croatia.

Emil Tedeschi is a Croatian entrepreneur, founder, and majority owner of the Atlantic Grupa.

References

  1. ↑ "Management Board". Atlantic Grupa. Retrieved February 18, 2019.
  2. 1 2 3 4 5 6 "FINANCIJSKI REZULTATI U 2023. GODINI (revidirano)" (PDF). atlantic.hr (in Croatian). 27 February 2024. Retrieved 28 September 2019.
  3. ↑ Godišnje izvješće 1Y, revidirano Archived 2016-08-13 at the Wayback Machine , konsolidirano, 2015. godina
  4. ↑ "Consolidated audited financial results for FY13" (PDF). 24 February 2014. Archived (PDF) from the original on 16 April 2014. Retrieved 15 April 2014.
  5. 1 2
    • The region includes: Croatia, Slovenia, Bosnia & Herzegovina, Serbia, Montenegro, North Macedonia and Kosovo.
  6. ↑ "Deloitte CE Top 500 report". Archived from the original on 2014-05-08.
  7. 1 2 3 4 "About us". Atlantic Grupa. Archived from the original on November 22, 2012. Retrieved July 26, 2014.
  8. 1 2 3 4 5 6 7 8 "Zagreb stock exchange: Consolidated audited financial results for FY13" (PDF). 31 March 2014. Archived (PDF) from the original on 12 May 2014. Retrieved 12 May 2014.
  9. 1 2 "Atlantic Grupa and Magdis Signed the Sale and Purchase Agreement of the Neva Company - Atlantic Grupa d.d." www.atlanticgrupa.com. Archived from the original on 2022-06-24. Retrieved 2019-02-19.
  10. 1 2 "Ministry of Justice RH: Court registry".
  11. ↑ "EBRD's 15th ANNUAL SYNDICATIONS AND CO-FINANCIERS MEETING" (PDF). Archived (PDF) from the original on 2014-05-06.
  12. 1 2 3 "Press release following financial report for 3Q 2015" (PDF). Archived (PDF) from the original on 2016-08-13.
  13. ↑ "Atlantic Grupa and Belgium's Aminolabs form a strategic partnership - Atlantic Grupa d.d." www.atlanticgrupa.com. Archived from the original on 2022-07-04. Retrieved 2019-02-19.
  14. 1 2 3 4 "Erstebank: Company report" (PDF). Archived from the original (PDF) on 2015-09-24.
  15. 1 2 "Digitalni archive, Mediacentar Sarajevo: Interview with Mladen Veberom, 2003". Archived from the original on 2014-05-08. Retrieved 2014-05-12.
  16. ↑ "Montana.hr: History". Archived from the original on 2014-05-08. Retrieved 2014-05-12.
  17. ↑ "Pliva Press Release:PLIVA divests remaining foodstuffs business". Archived from the original on 2014-05-12.
  18. ↑ "Nacional: Interview with Emil Tedeschi". Archived from the original on 2014-05-06. Retrieved 2014-05-12.
  19. ↑ "Atlantic Grupa bought Macedonian Vičiški komerc". Archived from the original on 2014-05-09.
  20. 1 2 "CFO Insight: Cross-border Corporate Acquisition" (PDF). Archived from the original (PDF) on 2014-05-13. Retrieved 2014-05-12.
  21. ↑ "Ministry of Justice RH, Court Registry: Historical excerpt".
  22. ↑ "Jutarnji list: Atlantic Grupa becomes joint-stock company". Archived from the original on 2014-05-08.
  23. ↑ "Crobiz/HINA:Atlantic Grupa takes over Fidifarm/Dietpharm". Archived from the original on 2017-12-11.
  24. ↑ "ZSE:Atlantic Grupa takes over Multivitu" (PDF). Archived (PDF) from the original on 2014-05-08.
  25. ↑ "ZSE: Atlantic grupa d.d. - Listing of Atlantic Grupe in third week of November". Archived from the original on 2014-05-08.
  26. ↑ "Jutarnji list: Atlantic nastvalja okrupnjavanje u ljekarničkom sektoru". Archived from the original on 2014-05-08.
  27. ↑ "Istrabenz Press Release:Istrabenz d.d. and Atlantic Grupa d.d. sign the selling of Droga Kolinska". Archived from the original on 2014-05-13.
  28. ↑ "HANFA:KALNIČKE VODE BIO NATURA d.d.– Press Release". Archived from the original on 2014-05-12. Retrieved 2014-05-12.
  29. ↑ "AG took over the distribution of Unilever for SEE". Archived from the original on 2014-05-07. Retrieved 2014-05-12.
  30. ↑ "ZSE:Atlantic Grupa Signs Contract for Purchase of Foodland" (PDF). Archived (PDF) from the original on 2016-03-04.
  31. 1 2 "Consolidated audited financial results for FY14" (PDF). 31 March 2015. Archived (PDF) from the original on 4 March 2016. Retrieved 6 May 2015.
  32. ↑ "Mladen Veber odlazi iz Atlantic Grupe". www.vecernji.hr (in Croatian). Retrieved 2019-02-19.
  33. ↑ "HANFA: Financial results for 2013.(unrevised)" (PDF). Archived from the original (PDF) on 2014-12-22. Retrieved May 12, 2014.
  34. ↑ "Our products - Atlantic Grupa d.d." www.atlanticgrupa.com. Retrieved 2019-02-19.
  35. 1 2 3 4 5 6 "Our products". Atlantic Grupa. Archived from the original on September 5, 2015. Retrieved February 18, 2019.
  36. 1 2 "Distribution". Atlantic Grupa. Archived from the original on September 5, 2015. Retrieved November 6, 2015.
  37. ↑ "Organisation - Atlantic Grupa d.d." www.atlanticgrupa.com. Retrieved 2019-02-19.
  38. ↑ "Progressive.rs: Interview with Bojan Klarić". Archived from the original on 2014-05-08.
  39. ↑ "Atlantic Is Taking Over The Distribution of Mars company in Croatia - Atlantic Grupa d.d." www.atlanticgrupa.com. Retrieved 2019-02-19.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.