09/29/2020 CORPORATE

Atlantic Grupa - Winner of the Golden Balance Sheet Award

The Award was given in the category of the Most successful long-standing entrepreneur in 2019

At the yesterday's presentation of the Awards for Business Performance in 2019, Atlantic Grupa took the prestigious title of the Most successful long-standing entrepreneur. Due to the current pandemic situation, the presentation of the awards was held in a digital form, and Zoran Stanković, Group Vice President for Finance, Procurement and Investment, addressed the audience and the organizer extending his thanks.

“We are exceptionally proud because, during almost thirty years of our existence, of which we have been listed at the Zagreb Stock Exchange for thirteen, we are continuously doing business in a responsible and transparent manner, developing our brands, investing in new technologies, and most importantly, in our people, and in general we are striving to be a socially responsible company. This all is accompanied by the continuous growth in revenues and EBITDA, and the year 2019 was a record one for us in many ways – we have realized historically highest share price, we have paid out the highest dividend and realized the lowest indebtedness since the acquisition of Droga Kolinska in 2010. The current crisis is creating obstacles for the business operations, but we are managing well, achieving good results; we are following the situation closely and adapting“, Stanković commented.
The Golden Balance Sheet is the award given by the Financial Agency (FINA) for the 12th year in a row to the most successful entrepreneurs in a particular business activity, according to the overall standing obtained by ranking 11 financial indicators in 5 categories: according to the indicators of profitability, liquidity, indebtedness, activity and cost efficiency.

Of the 136,260 enterprises, companies subject to corporate profit tax, 4,008 enterprises were shortlisted for the selection for the Golden Balance Sheet Award for 2019: 178 micro-enterprises, 2,582 small enterprises, 1,005 medium-sized enterprises and 243 big enterprises, according to the size criteria under the Accounting Act, which have achieved excellent business results and satisfied the economic and financial criteria for making it among 16 best companies, defined by FINA. This year, FINA has presented the awards in 4 more categories: for the Most successful new entrepreneur, for the Most successful long-standing entrepreneur in 2019, which was won by Atlantic Grupa, for the Largest entrepreneur based on total revenues, and for the Most successful bank in 2019.