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Croatia's Atlantic Grupa net profit down 32% y/y in Jan-Sept

Oct 27, 2022, 1:40:08 PMArticle by Annie Tsoneva
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October 27 (SeeNews) - Croatian distributor of fast-moving consumer goods Atlantic Grupa [ZSE:ATGR] said on Thursday its net profit fell 32.1% on the year to 271.3 million kuna ($36.2 million/36 million euro) in the first nine months of 2022, as rising prices of raw materials, packaging, energy and services dented its profitability.

Croatia's Atlantic Grupa net profit down 32% y/y in Jan-Sept
Author: Atlantic Grupa. License: All rights reserved.

Sales rose 10.8% year-on-year to 4.7 billion kuna in the nine months through September, the company said in a filing to the Zagreb bourse. EBITDA fell 20.3% to 532.2 million kuna.

Atlantic Grupa's shares traded at 338 kuna intraday on Thursday on the Zagreb bourse, up 0.60%.

(1 euro=7.532 Croatian kuna)

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