Despite soaring costs for coffee and cocoa, Atlantic Grupa presses on with ambitious capital investments, aiming to expand its production footprint in Serbia
Atlantic Grupa is steering through challenging waters with a surge in raw material prices.
The company has forecast an eye-watering €90 million increase in the cost of raw coffee and a €7 million hike for cocoa in 2025, a direct consequence of global supply pressures.
Yet, the Croatian powerhouse is undeterred, continuing its robust investment strategy with over €55 million allocated to capital projects this year alone.
Central to its expansion is a major upgrade in Serbia.
New production lines for Smoki snacks and a reconfigured coffee facility in Šimanovci are set to bolster output.
As the company navigates these price hikes and geopolitical uncertainties, it is also pushing forward with a digital transformation and product diversification.
Despite a 15.2% drop in net profit for 2024, Atlantic Grupa’s revenue rose by 10.8%, driven largely by its coffee division, which remains its largest source of income.
CEO projections remain cautious but optimistic, with plans for continued growth through selective investments and operational excellence.