CROATIA: Agrokor's sales increase as profitability dips | Progresiv

Croatian conglomerate Agrokor, which owns the Konzum and Mercator grocery chains amongst other businesses has reported that 2014 revenue increased by 16% to 4.63 billion euros, largely attributed to the acquisition of Mercator However, Agrokor also reported a net loss of 29.6 million euros).

Commenting on the results, Zdravko Maric, executive director for strategy and capital markets at Agrokor advised that the Group has made synergies since acquiring Mercator in procurement and distribution.

Ivica Todoric, President of the Agrokor Group said said, ‘in short, with the purchase of Mercator we become one of the leading companies in Central and Eastern Europe’. (www.igd.com)