Atlantic Grupa (ATGR) Q3 2025 earnings summary

Executive summary

• Achieved strong revenue growth across nearly all business and distribution units, with the highest contributions from Coffee, Savoury Spreads, Donat, and key markets such as Serbia, North Macedonia, Germany, and Bosnia and Herzegovina.

• Profitability was under pressure due to record high raw coffee and cocoa prices and increased investments in employees.

• Management Board expanded to strengthen focus on human resources and culture.

Financial highlights

• Sales reached EUR 879.0 million, up 10.1% year-over-year.

• EBITDA was EUR 88.2 million, down 9.3% year-over-year (down 3.4% excluding one-off items).

• EBIT was EUR 49.5 million, down 21.7% year-over-year (down 13.6% excluding one-off items).

• Net profit was EUR 32.3 million, down 27.6% year-over-year (down 17.4% excluding one-off items).

• Normalized EBITDA margin declined to 10.0% from 11.3% year-over-year.

Outlook and guidance

• Sales expected to grow to EUR 1.2 billion for the full year 2025.

• Normalized EBITDA projected at approximately EUR 100 million for 2025.

• Continued strong pressure on profitability anticipated due to volatile raw material prices and rising labor and service costs.

• Planned capital investments of about EUR 55 million, with focus on Coffee and Snacks business units.