Atlantic Grupa

  • TickerATGR-R-A
  • ISINHRATGRRA0003
  • ExchangeZagreb Stock Exchange
  • SectorFood Producers
  • CountryCroatia
Ana Turudic
  • Ana Turudic
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa Q2 21 - Top line skyrocketed in Q2 2021

Beverages, Coffee and Donat as the growth drivers EBITDA margin (adj.) yoy flat despite elevated marketing expenses and rising input costs We see a positive market reaction as warranted

Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Strong Q2 Leads to Growth on All Lines

In H1 2021 Atlantic Grupa recorded sales in the amount of HRK 2.7bn, representing a 9.6% YoY increase. The revenue growth was recorded by all business and distribution units due to excellent results of most own and principal brands. The best results are recorded by the SBU Coffee and SBU Beverages, and the BU Donat. Sales growth, which is particularly visible in Q2 2021, was impacted by the better epidemiological situation in all markets and the consequent easing of measures to prevent the sp...

Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Solid Q1 Performance Clouded by High Base

Q1 2021 Atlantic Grupa recorded sales in the amount of HRK 1.2bn, representing a -2.4% YoY decrease. Note that this low single digit decrease is encouraging when considering that in Q1 2020 Atlantic Grupa’s sales were influenced by the stockpiling effect. Also note that Atlantic Grupa’s HoReCa channel was impacted by the ongoing epidemiological measures during the entire Q1 2021, while in Q1 2020 epidemiological measures were introduced mid-March. These impacts were somewhat offset by double-...

Research Team
  • Research Team
PKO Powszechna Kasa... (Banks)
VER VERBUND AG (Oil & Gas) ... (+5)

Raiffeisen Research Institutional Equity Daily 23.03.2021

 AT: Verbund - Verbund plans to issue EUR 500 mn 20-yr EU taxonomy aligned Green and Sustainability-linked Bond (neutral)  HR: Atlantic Grupa - Investment in new factory for production of Argeta spreads (positive)  PL: PKO BP - Draft resolutions for EGM: PLN 6.7 bn to cover FX mortgage settlements / PLN 4.5 bn proposal for share buy-back (neutral)  RO: Transgaz - Board proposes 2020 DPS of RON 8.14, DY 2.77% (neutral)  RU: Gazprom - Gazprom can start-up two LNG projects by 2025e (neutral)

PKO Powszechna Kasa... (Banks)
VER VERBUND AG (Oil & Gas)
GAZP GAZPROM (Oil & Gas)
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)
TGN Societatea Nati... (Utilities)
Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Rising Above the Storm

In FY 2020 Atlantic Grupa recorded sales in the amount of HRK 5.3bn, representing a 3.3% YoY decrease. This comes as a nice surprise and actually exceeds our base case sales estimates which stood at HRK 5.2bn. However, if we exclude the effect of the divested business revenues, the comparable sales revenue is down just -0.4% YoY. Note that since Atlantic marked a record sales year in 2019, this would imply that Atlantic was virtually able to repeat their record sales in 2020 despite the COVID...

Ana Turudic
  • Ana Turudic
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa Q2 21 - Top line skyrocketed in Q2 2021

Beverages, Coffee and Donat as the growth drivers EBITDA margin (adj.) yoy flat despite elevated marketing expenses and rising input costs We see a positive market reaction as warranted

Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Strong Q2 Leads to Growth on All Lines

In H1 2021 Atlantic Grupa recorded sales in the amount of HRK 2.7bn, representing a 9.6% YoY increase. The revenue growth was recorded by all business and distribution units due to excellent results of most own and principal brands. The best results are recorded by the SBU Coffee and SBU Beverages, and the BU Donat. Sales growth, which is particularly visible in Q2 2021, was impacted by the better epidemiological situation in all markets and the consequent easing of measures to prevent the sp...

Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Solid Q1 Performance Clouded by High Base

Q1 2021 Atlantic Grupa recorded sales in the amount of HRK 1.2bn, representing a -2.4% YoY decrease. Note that this low single digit decrease is encouraging when considering that in Q1 2020 Atlantic Grupa’s sales were influenced by the stockpiling effect. Also note that Atlantic Grupa’s HoReCa channel was impacted by the ongoing epidemiological measures during the entire Q1 2021, while in Q1 2020 epidemiological measures were introduced mid-March. These impacts were somewhat offset by double-...

Research Team
  • Research Team
PKO Powszechna Kasa... (Banks)
VER VERBUND AG (Oil & Gas) ... (+5)

Raiffeisen Research Institutional Equity Daily 23.03.2021

 AT: Verbund - Verbund plans to issue EUR 500 mn 20-yr EU taxonomy aligned Green and Sustainability-linked Bond (neutral)  HR: Atlantic Grupa - Investment in new factory for production of Argeta spreads (positive)  PL: PKO BP - Draft resolutions for EGM: PLN 6.7 bn to cover FX mortgage settlements / PLN 4.5 bn proposal for share buy-back (neutral)  RO: Transgaz - Board proposes 2020 DPS of RON 8.14, DY 2.77% (neutral)  RU: Gazprom - Gazprom can start-up two LNG projects by 2025e (neutral)

PKO Powszechna Kasa... (Banks)
VER VERBUND AG (Oil & Gas)
GAZP GAZPROM (Oil & Gas)
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)
TGN Societatea Nati... (Utilities)
Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Rising Above the Storm

In FY 2020 Atlantic Grupa recorded sales in the amount of HRK 5.3bn, representing a 3.3% YoY decrease. This comes as a nice surprise and actually exceeds our base case sales estimates which stood at HRK 5.2bn. However, if we exclude the effect of the divested business revenues, the comparable sales revenue is down just -0.4% YoY. Note that since Atlantic marked a record sales year in 2019, this would imply that Atlantic was virtually able to repeat their record sales in 2020 despite the COVID...

Ana Turudic
  • Ana Turudic
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa Q2 21 - Top line skyrocketed in Q2 2021

Beverages, Coffee and Donat as the growth drivers EBITDA margin (adj.) yoy flat despite elevated marketing expenses and rising input costs We see a positive market reaction as warranted

Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Strong Q2 Leads to Growth on All Lines

In H1 2021 Atlantic Grupa recorded sales in the amount of HRK 2.7bn, representing a 9.6% YoY increase. The revenue growth was recorded by all business and distribution units due to excellent results of most own and principal brands. The best results are recorded by the SBU Coffee and SBU Beverages, and the BU Donat. Sales growth, which is particularly visible in Q2 2021, was impacted by the better epidemiological situation in all markets and the consequent easing of measures to prevent the sp...

Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Solid Q1 Performance Clouded by High Base

Q1 2021 Atlantic Grupa recorded sales in the amount of HRK 1.2bn, representing a -2.4% YoY decrease. Note that this low single digit decrease is encouraging when considering that in Q1 2020 Atlantic Grupa’s sales were influenced by the stockpiling effect. Also note that Atlantic Grupa’s HoReCa channel was impacted by the ongoing epidemiological measures during the entire Q1 2021, while in Q1 2020 epidemiological measures were introduced mid-March. These impacts were somewhat offset by double-...

Research Team
  • Research Team
PKO Powszechna Kasa... (Banks)
VER VERBUND AG (Oil & Gas) ... (+5)

Raiffeisen Research Institutional Equity Daily 23.03.2021

 AT: Verbund - Verbund plans to issue EUR 500 mn 20-yr EU taxonomy aligned Green and Sustainability-linked Bond (neutral)  HR: Atlantic Grupa - Investment in new factory for production of Argeta spreads (positive)  PL: PKO BP - Draft resolutions for EGM: PLN 6.7 bn to cover FX mortgage settlements / PLN 4.5 bn proposal for share buy-back (neutral)  RO: Transgaz - Board proposes 2020 DPS of RON 8.14, DY 2.77% (neutral)  RU: Gazprom - Gazprom can start-up two LNG projects by 2025e (neutral)

PKO Powszechna Kasa... (Banks)
VER VERBUND AG (Oil & Gas)
GAZP GAZPROM (Oil & Gas)
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)
TGN Societatea Nati... (Utilities)
Filip Gracin
  • Filip Gracin
ATGR-R-A ATLANTIC GRUPA (Food & Beverage)

Atlantic Grupa: Rising Above the Storm

In FY 2020 Atlantic Grupa recorded sales in the amount of HRK 5.3bn, representing a 3.3% YoY decrease. This comes as a nice surprise and actually exceeds our base case sales estimates which stood at HRK 5.2bn. However, if we exclude the effect of the divested business revenues, the comparable sales revenue is down just -0.4% YoY. Note that since Atlantic marked a record sales year in 2019, this would imply that Atlantic was virtually able to repeat their record sales in 2020 despite the COVID...

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