January 21 (SeeNews) - Croatian fast moving consumer goods distributor Atlantic Grupa [ZSE:ATGR] said it expects 8.5% growth in sales revenue and 9% higher organic revenue in 2021 due to better-than-expected sales in November and December.
Atlantic Grupa confirms its earlier forecast for slightly lower normalised EBITDA in 2021, partly due to significant initial investments related to two brands, chocolate and oat-based products, it said in a filling to the Zagreb bourse on Friday.
The company's sales in 2020 dipped 3.3% to 5.252 billion kuna ($792 million /698 million euro), while its normalised EBITDA rose 4.6% to 755 million kuna, according to its consolidated unaudited financial report.
Atlantic Grupa is a regional distributor of fast-moving consumer goods and a producer of functional foods and supplements. It also owns a pharmacy chain in Croatia.
The company's shares traded at 1,870 kuna, down 3.11%, intraday on Friday.
(1euro=7.529 kuna)