Atlantic Grupa Raises 2026 Forecast After 10.6% Revenue Growth
Croatian food conglomerate posted €618.8 million in revenue and €20.1 million in profit in the first six months, while Kraš Grupa also reports a strong recovery.
Croatian food conglomerate posted €618.8 million in revenue and €20.1 million in profit in the first six months, while Kraš Grupa also reports a strong recovery.
Atlantic Grupa released its first-half 2026 results on Tuesday, showing double-digit revenue and profit growth, with management raising its full-year forecasts, Lider reports. In the same period, Kraš Grupa nearly doubled its net profit and announced its largest investment in recent years.
According to consolidated data, Atlantic Grupa's sales revenue reached €618.8 million, up 10.6% compared to the same period last year. Operating profit before depreciation (EBITDA) rose 16.7% to €59.1 million, while normalized net profit surged 39.2% to €20.1 million.
"Based on the achieved results and expectations for the remainder of the year, we are raising our initial expectations for 2026 and now anticipate revenue of around €1.3 billion, normalized EBITDA above €115 million, and continued slight growth in the EBITDA margin," said Emil Tedeschi, President of the Management Board of Atlantic Grupa, as reported by Lider.
Growth was recorded across all strategic business and distribution areas. The largest single category, coffee (brands Grand Kafa and Barcaffè), achieved €156.3 million in revenue, up 9.6%. Pharmacy operations grew 17.3%, and delicatessen spreads (including Argeta) rose 13%.
On international markets, distribution surged 29.9%, led by Germany and Austria where Argeta grew particularly strongly. In Croatia, the distribution area recorded revenue of €146.4 million (+13.1%), and in Serbia, the largest market, €159.9 million (+9.1%).
In the first half of the year, Atlantic launched new products such as Cedevita Vitamin Ice Tea and the Smokice brand, invested €11 million in the fast-growing waterdrop brand in the microdrink category, and continued modernizing the bottling plant in Rogaška Slatina.
Beyond business figures, the company received several accolades: the gold award 'Regional ESG Leader', became the first company in Croatia with an LSEG ESG Score from the London Stock Exchange, won a gold Effie for Argeta, and Vice President of Finance Zoran Stanković was named CFO of the Year.
Separate non-consolidated data for the parent company Atlantic Grupa d.d., published by Financije.hr, show that operating revenues rose 44% to €46.25 million, and net profit increased nearly 95% to €26.96 million. Personnel costs were slightly reduced, and €23.25 million was set aside for dividends. The number of employees at the end of June was 202.
Kraš Grupa, another Croatian food leader, also reported results for the first six months. Net profit jumped from €258 thousand to €2.9 million, while total revenue rose 3.8% to €93.4 million, according to data reported by Lider. EBITDA reached €7.6 million, with a margin of 8.8%.
"The first half of 2026 was marked by revenue growth and a significant step forward with the purchase of the production complex in Zaprešić as a potential new location for future production. With this strategic investment, we have secured the prerequisites for a long-term increase in production capacity," said Tomislav Bagić, President of the Management Board of Kraš Grupa, for Lider.
Costs grew by only 0.2%, and the value of fixed assets rose to €102.2 million after the purchase of the complex. Cash and cash equivalents decreased to €290 thousand, reflecting intensive investments.
