DOCSLIB.ORG

Latest Seenews Fmcg Company Profiles, Interviews & News

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Latest Seenews Fmcg Company Profiles, Interviews & News LATEST SEENEWS FMCG COMPANY PROFILES, INTERVIEWS & NEWS PROFILE PROFILE INTERVIEW PODRAVKA MERCATOR NESTLE > PAGE 2 > PAGE 12 BULGARIA > PAGE 20 OCTOBER-NOVEMBER 2014 036 THE VALUE OF AN IDEA LIES IN THE USING OF IT. THOMAS EDISON, GENERAL ELECTRIC CO-FOUNDER INDEPENDENT BUSINESS NEWS AND MARKETINTELLIGENCE WITH FOCUS ON THE EMERGING MARKETS. INTELLIGENT PLATFORM FOR ACTIONABLE DECISION-MAKING THE VALUE OF AN IDEA LIES IN THE USING OF IT. THOMAS EDISON, GENERAL ELECTRIC CO-FOUNDER INDEPENDENT BUSINESS NEWS AND MARKETINTELLIGENCE WITH FOCUS ON THE EMERGING MARKETS. INTELLIGENT PLATFORM FOR ACTIONABLE DECISION-MAKING For morE anaLytIcaL and markEt reports 02 ProFILE vIsIt http://intelligence.seenews.com/ Alternative Names Podravka JSC; Podravka prehrambena industrija d.d.; Podravka Food Processing Industry, Incorporated; Podravka Inc. Podravka d.d. Incorporation Date Jan 1, 1934 Podravka d.d. is one of the major food process- ing companies in Croatia. The company op- contacts erates in three main business segments - food, beverages and pharmaceuticals. Podravka d.d. holds an ISO 9001:2008 Qual- ity management systems certificate, valid Address E-mails 32 Ante Starcevica [email protected] until April 26, 2016. Str., 48000 [email protected] The company’s shares are included in the Koprivnica, Croatia [email protected] blue-chip index CROBEX of the Zagreb Stock [email protected] Exchange. Telephones +385 48 651 144 Podravka d.d.’s shares are included in the +385 48 651 200 Websites Dow Jones STOXX Sub Balkan 30 index that +385 48 651 228 www.podravka.com combines share price trends of the 30 larg- +385 48 653 225 est companies from Croatia, Macedonia, Ser- Faxes bia and Slovenia. +385 48 622 518 +385 48 220 562 Last updated on Oct 27, 2014. +385 48 622 621 comPany hIstory 1934 – A fruit processing company in May 19, 2006 - Podravka starts trad- M006A7). (Editor’s Note: Commercial Koprivnica is established by the Wolf ing its corporate bonds on the Official papers are an unsecured, short-term brothers. Bond Market of the Zagreb Stock Ex- debt instrument issued by a corpora- change under the ticker PODR-O-115A, tion, typically for meeting short-term 1947 – The company is nationalised ISIN number: HRPODRO115A4. Bonds liabilities.) and named Podravka. are issued in the amount of HRK 375 mln with maturity in 2011 and annual February 2009 - Podravka d.d. sets up 1972 - Pharmaceutical plant Belupo is interest of 5.125%. its subsidiary in Turkey. set up in Ludbreg, northern Croatia. 2007 - Podravka d.d. acquires Polish Jan 24, 2014 - Podravka d.d. takes 1973 - Danica Mesna Industrija is seasoning brands Warzywko and over its wholly owned subsidiary Lero established as a meat processing Perfekta, as well as local beverages d.o.o., which is written-off the Trade factory. brand Lero. register and no longer exists as a separate legal entity. 1993 – Podravka is privatised and reg- Oct 15, 2008 - Podravka d.d. acquires istered as a joint stock company. 100% in Lero d.o.o., Rijeka, a company Mar 26, 2014 - Podravka d.d. takes active in manufacturing and trade in over its wholly owned subsidiary Sept 25, 1997 - Podravka d.d. takes non-alcoholic beverages. Ital-Ice d.o.o., which is written-off the over local company Zlatka d.o.o. Trade register and no longer exists as 2008 - Podravka sets up its restaurant a separate legal entity. Dec 7, 1998 – Podravka d.d. is listed on keeping company Podravsko Ugos- the Zagreb Stock Exchange. titeljstvo d.o.o. in Koprivnica. August 2014 - The company acquires a 53.86% majority stake in Croatian 2003 – Podravka d.d. launches the Feb 10, 2009 - Podravka d.d. issues its fish products manufacturer Mirna d.d. Podravka Academy of Management commercial papers with a nominal for HRK 198.2 mln. (POMAK) in cooperation with the value of EUR 18 mln and maturing Faculty of Economics in Zagreb. in 364 days (Stock Symbol: PODR- Last updated on Oct 27, 2014. M-006A, ISIN number: HRPODR- managEmEnt 20.52% Primary Industry: Board of Directors and Executives: CROATIA 18.51% Food Zvonimir Mrsic | Chairman of the Board and CEO SOCIETE GENERALE - Secondary Industry: Jadranka Ivankovic | Member of the Board SPLITSKA BANKA D.D. Diversified Holdings Olivija Jakupec | Member of the Board CROATIA Legal Form: Miroslav Klepac | Member of the Board Joint Stock Company Hrvoje Kolaric | Member of the Board Status: OWNERSHIP Active Supervisory Board: NIN: Dubravko Stimac | Chairman of the Board 010006549 Mato Crkvenac | Deputy-Chairman of the Board Quoted: YES Dinko Novoselec | Member of the Board ISIN: Petar Vlaic | Member of the Board HRPODRRA0004 Petar Miladin | Member of the Board 60.97 Tickers - Martinka Mardjetko-Vukovic | Member of the Board OTHER PODR-R-A (Zagreb Stock Ivo Druzic | Member of the Board Exchange) - PRIMARY Milan Stojanovic | Member of the Board Ivana Matovina | Member of the Board 04 SUBSIDIARIES & AFFILIATES DIRECT IndIRECT MAJORITY NAME HOLDING HOLDING STAKEHOLDER ACTIVE COUNTRY MIRNA D.D. 53.86% YES YES CROATIA STUDENAC D.O.O. 100% YES YES CROATIA LERO D.O.O. 100% YES NO CROATIA ITAL - Ice D.O.O. 100% YES NO CROATIA KOTI NekRETNINE D.O.O. 100% YES NO CROATIA PODRAVKA INZENJERING D.O.O. 100% YES NO CROATIA PONI TRGOVINA D.O.O. 100% YES NO CROATIA BelUPO D.D. 100% YES YES CROATIA DANICA D.O.O. 100% YES YES CROATIA PODRAVKA - POlskA SP.Z.O.O. 100% YES YES POLAND PODRAVKA INTERNATIONAL KFT 100% YES YES HUNGARY PODRAVKA D.O.O. 100% YES YES SLOVENIA PODRAVKA D.O.O. 100% YES YES SERBIA PODRAVKA - INT. DeUTschlAND KONAR GmbH 100% YES YES GeRMANY PODRAVKA D.O.O. 100% YES YES MONTENEGRO SANA D.O.O. 100% YES YES SLOVENIA PODRAVKA - INTERNATIONAL S.R.L. 100% YES YES ROMANIA PODRAVKA D.O.O. 100% YES YES MAceDONIA PODRAVKA INTERNATIONAL EOOD 100% YES YES BULGARIA PODRAVKA INTERNATIONAL INC. 100% YES YES USA PODRAVKA INTERNATIONAL PTV LTD. 98.88% YES YES AUSTRALIA PODRAVKA - INTERNATIONAL S.R.O. 75% 25% YES YES SLOVAKIA PODRAVKA INTERNATIONAL 75% 25% YES YES TURkey LAGRIS A.S. 100% YES YES CZECH RepUblIC PODRAVKA D.O.O. SARAJEVO 100% YES YES BOSNIA AND HERZEGOVINA BelUPO D.O.O.E.L. 100% YES YES MAceDONIA BelUPO S.R.O. 100% YES YES SLOVAKIA BelUPO LJUblJANA 100% YES YES SLOVENIA LJekARNE DelTIS PHARM KOPRIVNICA 100% YES YES CROATIA FARMAVITA D.O.O. 65% YES YES BOSNIA AND HERZEGOVINA PRODUCTS & SERVICES Podravka d.d. is engaged in the acqui- instant soups, pastas and risottos, tomato-based products sition, management, evaluation and bouillon cubes pasteurised, sterilised and frozen sale of stakes in domestic and foreign dessert, snacks, wafers and ice vegetables companies. cream bakery products natural mineral water, spring water, meat products Podravka d.d. also markets the prod- non-alcoholic beverages, vitamin pharmaceuticals ucts of its subsidiaries: instant drinks and tea universal food complements, sea- jam and honey soning and sauces fruit in syrup and processed fruit Last updated on Oct 27, 2014. CAPACITY Podravka d.d. is headquartered in Koprivnica, northern Croatia. It also has a business unit in Croatia’s capital Zagreb. Last updated on Oct 27, 2014. 05 MARKET & SALES Podravka d.d.’s main foreign markets are: Armenia, Aus- and a gross profit of HRK 305.9 mln, up 2.0% on the year. tralia, Austria, Belarus, Bosnia and Herzegovina, Bulgaria, Canada, the Czech Republic, Estonia, Germany, the UK, In April 2014 Podravka d.d. signed an agreement with Hungary, Italy, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Croatian PIK Vrbovec d.d. to take over its canned meat busi- Lithuania, Macedonia, Montenegro, Poland, Romania, Rus- ness. The deal covers the transfer of trademarks, recipes sia, Serbia, Slovakia, Slovenia, Switzerland, USA, as well as and equipment as well as the takeover from PIK Vrbovec countries from Africa, the Middle East and South America. d.d. of the manufacturing business and sale of canned meat pate and canned meat products. In July 2014 the company was granted a EUR 73.4 mln syndicated loan by the European Bank for Reconstruction Podravka d.d. reported a non-consolidated net loss of HRK and Development (EBRD) and the Austria-based banks Er- 4.220 mln in the first quarter of 2014, compared to a net ste Group Bank AG, Raiffeisen Bank International AG and loss of HRK 12.844 mln in the same period of 2013. The Unicredit Bank Austria AG. company’s total revenue went down to HRK 392.6 mln in the first quarter of 2014 from HRK 423.7 mln in the first For the first six months of 2014 the company posted a net quarter of 2013. sales revenue of HRK 832.4 mln, down 6.0% on the year, PODRAVKA D.D.'S ReVENUE by SEGmeNT (in HRK) SEGMENT 2013 2012 CULINARY 932,235,000 902,821,000 SWeeTS, SNAcks AND beVERAGES 174,036,000 165,184,000 BAby FOOD, BREAKFAST AND OTheR FOOD PRODUCTS 912,314,000 899,064,000 MEAT AND FIsh PRODUCTS 281,566,000 344,071,000 OTheR 349,656,000 345,818,000 PHARMAceUTICAls 851,270,000 825,716,000 TOTAL 3,501,077,000 3,482,674,000 PODRAVKA GROUP'S ReVENUE by ReGION (in HRK) REGION 2013 2012 CROATIA 1,483,479,000 1,579,367,000 SOUTH-EAST EUROpe 916,122,000 877,709,000 CENTRAL AND EASTERN EUROpe 788,673,000 727,922,000 WesTERN EUROPE AND OTheRS 312,803,000 297,676,000 TOTAL 3,501,077,000 3,482,674,000 Podravka d.d. owns the following brands: Aji-Shio for seasoning; Vegeta for universal food complement; Podravka milk rice for milk rise; Podravka soups for packet soups; Podravka wafers for wafers; Talianetta for pastas and risottos; Podravka rice for rice; Fant for seasoning mixes and sauces; Podravka ice cream for ice cream; Podravka cubes for bouillon cubes; Fini-Mini for instant soups Dolcela for desserts; Lino for Baby’s and children’s food; Cokolesnik for instant wheat flakes with chocolate.
Load more

Recommended publications
  • Slovenia Before the Elections
    PERSPECTIVE Realignment of the party system – Slovenia before the elections ALEŠ MAVER AND UROŠ URBAS November 2011 The coalition government under Social Democrat Prime make people redundant. Nevertheless, the unemploy- Minister Borut Pahor lost the support it needed in Parlia- ment rate increased by 75 per cent to 107,000 over three ment and early elections had to be called for 4 Decem- years. This policy was financed by loans of 8 billion eu- ber, one year before completing its term of office. What ros, which doubled the public deficit. are the reasons for this development? Which parties are now seeking votes in the »political marketplace«? What However, Prime Minister Pahor overestimated his popu- coalitions are possible after 4 December? And what chal- larity in a situation in which everybody hoped that the lenges will the new government face? economic crisis would soon be over. The governing par- ties had completely different priorities: they were seek- ing economic rents; they could not resist the pressure of Why did the government of lobbies and made concessions; and they were too preoc- Prime Minister Borut Pahor fail? cupied with scandals and other affairs emerging from the ranks of the governing coalition. Although the governing coalition was homogeneously left-wing, it could not work together and registered no significant achievements. The next government will thus Electoral history and development be compelled to achieve something. Due to the deterio- of the party system rating economic situation – for 2012 1 per cent GDP growth, 1.3 per cent inflation, 8.4 per cent unemploy- Since the re-introduction of the multi-party system Slo- ment and a 5.3 per cent budget deficit are predicted – venia has held general elections in 1990, 1992, 1996, the goals will be economic.
    [Show full text]
  • ENVIRONMENTAL and SOCIAL MANAGEMENT PLAN (ESMP) CHECKLIST North Macedonia Emergency COVID-19 Response Project P173916
    COVID-19 STRATEGIC PREPAREDNESS AND RESPONSE PROGRAM (SPRP) ENVIRONMENTAL AND SOCIAL MANAGEMENT PLAN (ESMP) CHECKLIST North Macedonia Emergency COVID-19 Response Project P173916 “Installation of mobile COVID 19 Hospital within the hospital in the City of Prilep” October 2020 ENVIRONMENTAL AND SOCIAL MANAGEMENT PLAN (ESMP) CHECKLIST North Macedonia Emergency COVID-19 Response Project P173916 - Prilep “Installation of mobile COVID 19 hospital within the hospital in the City of Prilep” 1. Introduction ..................................................................................................................................... 4 2. Project Description and planned activities ...................................................................................... 4 3. Environmental Category ................................................................................................................. 6 4. Potential Environmental Impacts .................................................................................................... 6 5. Purpose of the Checklist ESMP ...................................................................................................... 7 6. Application of the Checklist ESMP ................................................................................................ 8 7. Grievance Mechanism .....................................................................................................................9 8. Monitoring and reporting .............................................................................................................
    [Show full text]
  • Demographic and Infrastructure Problems of Villages in the Hilly-Mountainous Areas of Prilep
    Journal of Earth Science and Engineering 3 (2013) 569-581 D DAVID PUBLISHING Demographic and Infrastructure Problems of Villages in the Hilly-Mountainous Areas of Prilep Cane Koteski, Dushko Josheski, Zlatko Jakovlev, Snezana Bardarova and Vladimir Kitanov Faculty of Tourism and Business Logistics, Goce Delchev University of Shtip, Gevgelija 1480, Republic of Macedonia Received: June 15, 2013/Accepted: July 20, 2013/Published: August 25, 2013. Abstract: In this paper it has been investigated the issue of the dynamics of the rural population in villages in the mountainous areas of the municipality of Prilep height distribution of the mountainous villages, the area size, absolute density and agrarian population in hilly-mountainous villages, the distance of the hill-mountain villages of the municipality center and institutional infrastructure hilly-mountainous areas in Prilep. Despite the demographic decline that was made in the past 45 years, the municipality and the country will have even more incentive in the coming years to invest in infrastructure to improve little very bad living conditions and foremost here we think of infrastructure, roads, water drinking, clinics, veterinary stations, public transportation, gas stations, stores, construction of ethnic restaurants and small hotels so that at least the older generations of the cities as the least retirement to spend at home, to create minimum conditions for living and so that villages in hilly and mountainous villages to be attractive to younger generations of the cities and migrant workers from European countries and America Australia frequently to visit home, and to be able to invest in small commercial buildings in the area of tourism.
    [Show full text]
  • Possibilities of Applying Markowitz Portfolio Theory on the Croatian Capital Market
    POSSIBILITIES OF APPLYING MARKOWITZ PORTFOLIO THEORY ON THE CROATIAN CAPITAL MARKET Dubravka Pekanov Starčević, Ph.D. J. J. Strossmayer University of Osijek, Faculty of Economics in Osijek E-mail: [email protected] Ana ZRNIć, Ph.D. Student, J. J. Strossmayer University of Osijek, Faculty of Economics in Osijek E-mail: [email protected] Tamara Jakšić, BEcon, student J. J. Strossmayer University of Osijek, Faculty of Economics in Osijek E-mail: [email protected] POSSIBILITIES OF APPLYING MARKOWITZ PORTFOLIO THEORY ON THE CROATIAN CAPITAL... MARKOWITZ PORTFOLIO THEORY ON THE CROATIAN POSSIBILITIES OF APPLYING Abstract In order to achieve the maximum possible profit by taking the lowest possible risk, investors build a stock portfolio consisting of a specific number of stocks which, according to the principle of diversification, significantly reduce the risk of loss. To build a portfolio, in developed capital markets investors have used the Markowitz portfolio optimization model for many years that enables us to find an optimal risk-return trade-off by selecting certain stock combinations. Despite the development of the Zagreb Stock Exchange, i.e., the central trading venue in the Republic of Croatia, the Croatian capital market is still under- developed. It is characterized by numerous shortcomings such as low liquidity, lack of transparency, high stock price volatility and insufficient traffic. Accord- ingly, the aim of this paper is to provide an insight into the functioning of the Dubravka Pekanov Starčević • Ana Zrnić • Tamara Jakšić: Dubravka Pekanov Starčević • Ana Zrnić Tamara 520 Croatian capital market and to examine the possibility of building an optimal stock portfolio by using the Markowitz model.
    [Show full text]
  • FIMA Daily Insight
    FIMA Daily Insight IN FOCUS - ZAGREB STOCK EXCHANGE January 8, 2013 Stocks on ZSE traded higher today. CROBEX increased 0.24% to ZSE STOCK MARKET 1,808.40 pts while blue chip CROBEX10 gained 0.21% to 1,010.86 pts. CROBEX Last 1.808,4 Regular stock turnover amounted to HRK 14.4 million. % daily 0,24% Integrated telecom HT (HTRA CZ) topped the liquidity board collecting % YTD 3,91% HRK 4.3 million in turnover. The price increased 0.9% to HRK 210.70. CROBEX10 last 1010,9 Fertilizers producer Petrokemija (PTKMRA CZ) also came to focus again % daily 0,21% with HRK 1.5 million in turnover while price gained 5.5% to HRK 240.0. % YTD 4,05% Petrokemija was in investors’ focus few months ago, after speculations on Government selling its share of 1.7 million shares (50.6% of capital). Stock Turnov er (HRK m) 14,37 A few days ago Mladen Pejnović, head of the State Office for State Total MCAP (HRK bn) 194,39 Property Management confirmed government’s plans to privatize Source: w w w .zse.hr Petrokemija. Auto-parts producer AD Plastik (ADPLRA CZ) came to focus trading in -4,0% -2,0% 0,0% 2,0% 4,0% 6,0% blocks. The price advanced 1% to HRK 115.99 on HRK 1.3 million in PTKM-R-A ATPL-R-A turnover. AD Plastik currently trades at P/E=7.7, P/S=0.7 and DDJH-R-A P/Bv=0.7. VPIK-R-A LKPC-R-A Tobacco and tourism Adris group preferred share (ADRSPA CZ) was VIRO-R-A KORF-R-A also in investors’ focus with HRK 0.7 million in turnover while price KNZM-R-A slipped 1.3% to HRK 262.20.
    [Show full text]
  • Raiffeisen Weekly Report, Nr. 38/2017
    Raiffeisen Weekly Report Number 38 October 16th, 2017 Leaning on exports, the economy is growing Number of overnights stays On Tuesday the national statistical office delivered tourism figures for August (Jan – Aug) which showed expected growth of tourist arrivals and overnight stays (6.1%yoy 80 and 5.4%yoy respectively). The share of foreign tourists in the overnight stays 70 amounted 94.4%. Cumulatively, during the first eight months, the number of over- night stays was 72.5 million (+11.8% more than in the same period last year). 60 For the whole 2016 total number of overnight stays stood at 77.8mn. It is very mn 50 certain that, with data for September, this year will officially be a new record 40 tourist season. Although the strength of tourism helped Croatia remain on the 30 path of 3%yoy real growth, it also increased the sensitivity to potential downturns in tourism. As long as Croatia is perceived as a safe destination, it will retain its 20 attractive destination status. Under such circumstances, the budget picture will 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 look more favourable due to the stronger revenue inflow, especially VAT. Sources: CBS, Economic RESEARCH/RBA On the other side foreign trade activities in terms of import and export of goods remained subdued although the latest data pointed to a slight rise. In the period CPI, PPI, yoy from January to July, foreign trade deficit widened to EUR 4.9bn (+9.3%yoy). In 4 the same period, exports growth at 15.7%yoy compared to imports growth of 2 13.2%yoy resulted in coverage of imports by exports at 61.7% (+1.4pp).
    [Show full text]
  • Exporter Guide
    Required Report: Required - Public Distribution Date: December 30,2019 Report Number: BK2019-0009 Report Name: Exporter Guide Country: Bosnia and Herzegovina Post: Sarajevo Report Category: Exporter Guide Prepared By: Sanela Stanojcic-Eminagic Approved By: Frederick Giles Report Highlights: Bosnia and Herzegovina (BiH) imports approximately two-thirds of its overall food needs. The market for processed foods focuses mainly on value rather than quality, as consumers seek to extend their buying power. Advantages to U.S. exporters include relatively low food import tariffs and low costs for introduction and promotion of new products while challenges consist of a complicated dual system of government authorities, low incomes, and poor infrastructure. Opportunities exist for U.S. genetics, beef, pulses, wine, seafood, dried fruits and tree nuts. This report contains marketing tips, information on importing foods, and best products prospect. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Market Fact Sheet Quick Facts CY2018 Bosnia and Herzegovina (BiH) is in the Southeast of Europe with a population of 3.5 million. Import of Consumer-Oriented Products $1.1B. It currently has status as a potential candidate for European Union (EU) membership, which is seen as a List of Top 10 Growth Products in BiH driver to further economic growth and development. 1) Beverages and Mineral Water 6) Sauces and Spices BiH has a large foreign trade deficit with imports almost 2) Chocolate 7) Citrus fruit two times greater than exports. 3) Biscuits and Cookies 8) Wine Import of agri-food products totaled $1.8 billion in 2018 4) Beer 9) Ice-cream and represented 16 percent of total imports.
    [Show full text]
  • Business Plan 2008
    Business Plan of the Mercator Group and the Company Poslovni Sistem Mercator, d.d., for the Year 2008 Poslovni sistem Mercator, d.d. Management Board December 2007 TABLE OF CONTENTS SUMMARY 3 INTRODUCTION 5 FINANCIAL HIGHLIGHTS FOR THE YEAR 2008 8 COMPANY PROFILE 9 COMPOSITION AND ORGANIZATION OF THE Mercator Group 10 OWNERSHIP STRUCTURE 11 CORPORATE GOVERNANCE 11 STRATEGIC POLICIES OF THE MERCATOR GROUP 13 VISION 13 MISSION 13 CORPORATE VALUES 13 STRATEGIC POLICIES 14 STRATEGIC GOALS 15 KEY OBJECTIVES AND TASKS IN 2008 16 STARTING POINTS FOR THE PREPARATION OF THE BUSINESS PLAN 18 MACROECONOMIC STARTING POINTS 18 MICROECONOMIC STARTING POINTS 19 ANALYSIS OF THE MERCATOR GROUP’S MARKET POSITION 20 PLANNED ACTIVITIES OF THE MERCATOR GROUP 29 DEVELOPMENT AND INVESTMENT 29 MARKETING 33 CATEGORY MANAGEMENT AND SUPPLIER RELATIONS 40 SALES AND STORE FORMATS 42 LOGISTICS 45 HUMAN RESOURCES 46 ORGANIZATION AND QUALITY 47 SOCIALLY ACCOUNTABLE ACTION AND ENVIRONMENT PROTECTION ACTIVITIES49 INFORMATION TECHNOLOGY 52 FINANCIAL OPERATION 54 RELATIONS WITH SHAREHOLDERS 55 RISK MANAGEMENT 58 PERFORMANCE OF THE MERCATOR GROUP COMPANIES 61 FINANCIAL STATEMENTS 63 FUNDAMENTAL ACCOUNTING POLICIES 63 COMPOSITON OF THE MERCATOR GROUP 63 CONSOLIDATED FINANCIAL STATEMENTS OF THE MERCATOR GROUP 64 FINANCIAL STATEMENTS OF THE COMPANY POSLOVNI SISTEM MERCATOR, D.D.74 2 SUMMARY Successful performance in 2007 to be followed by ambitious continuation of internationalization in 2008 In 2008, Mercator Group is planning net revenues from sales in the amount of EUR 2.6 billion, which is 9.5 percent more than the estimated figure for 2007. Of this sum, almost EUR 870 million, or one third, will be generated in four foreign markets.
    [Show full text]
  • Mercator Group Activities
    TABLE OF CONTENTS INTRODUCTION ................................................................................................................ 1 REPORT BY THE PRESIDENT OF THE MANAGEMENT BOARD .......................................... 3 SUPERVISORY BOARD REPORT ...................................................................................... 5 2013 HIGHLIGHTS BY MARKETS ..................................................................................... 8 OPERATION AND PERFORMANCE HIGHLIGHTS .............................................................. 9 MERCATOR GROUP PROFILE AND ORGANIZATION ...................................................... 10 MERCATOR GROUP ACTIVITIES ................................................................................... 13 MAJOR EVENTS ........................................................................................................... 15 CORPORATE GOVERNANCE STATEMENT ..................................................................... 17 MERCATOR GROUP BUSINESS STRATEGY .................................................................... 24 BUSINESS REPORT........................................................................................................... 27 SALES AND MARKETING .............................................................................................. 29 REAL ESTATE MANAGEMENT AND RETAIL NETWORK DEVELOPMENT .......................... 40 EFFECT OF ECONOMIC CONDITIONS AND COMPETITION ON MERCATOR GROUP OPERATIONS IN 2013 .................................................................................................
    [Show full text]
  • Market Commentary Portfolio Performance Vs Benchmark
    Feb. FKHR1 Monthly Fund Update 2016 Market Commentary Following the publication of Q4 results, the share price jumped by 7.06% in one day. Viadukt operated with a net profit of HRK 3.2m in After a tumultuous start of the year, February brought on a reversal 2015, but this is still 36% less profit compared to the previous year. of trends in most of our largest holdings. This is in line with the rest Revenue fell by 9.1%, which is the consequence of an overall of European and global markets, which reached a bottom in mid- reduction in total investment in the Republic of Croatia, from which February, only to recover by the end of the month. The Croatian Viadukt achieves 99% of its total revenue. However, the growth in market started this recovery even sooner, having reached its lowest share price after the announcement of financial results might have point during January. However during February, the benchmark been due to the optimistic expectations for the rest of the year. The CROBEX index stayed mostly at the same level from the start of the construction industry expects a slight recovery and increased month, with only slight fluctuations. In the meantime, our fund investment from contracting authorities. managed to achieve a return of almost 4% MoM, beating the A third position that we want to emphasize is Đuro Đaković Holding market by a large margin. (ĐĐ). After having an amazing January, on the 15th and 19th of The most important contributor was our largest holding, the Adris February it was announced that Đuro Đaković signed contracts with Group, with common stock growing by over 10%.
    [Show full text]
  • Turkey's Role in the Western Balkans
    SWP Research Paper Stiftung Wissenschaft und Politik German Institute for International and Security Affairs Alida Vračić Turkey’s Role in the Western Balkans RP 11 December 2016 Berlin All rights reserved. © Stiftung Wissenschaft und Politik, 2016 SWP Research Papers are peer reviewed by senior researchers and the execu- tive board of the Institute. They reflect the views of the author(s). SWP Stiftung Wissenschaft und Politik German Institute for International and Security Affairs Ludwigkirchplatz 3­4 10719 Berlin Germany Phone +49 30 880 07-0 Fax +49 30 880 07-200 www.swp-berlin.org [email protected] ISSN 1863-1053 This research and its publi- cation have been enabled by the generous support of Stiftung Mercator, Essen. Table of Contents 5 Issues and Conclusions 7 Turkey’s Comeback in the Balkans 12 Turkey’s Economy and Non-state Actors in the Western Balkans 15 Turkish Military in the Balkans 18 Countries of Particular Interest to Turkey 18 Bosnia and Herzegovina 22 Kosovo 24 Macedonia 27 Can Old Animosities Die? Serbia-Turkey Relations 30 Turkey’s Activism as Seen from the Balkans 32 Western Balkans – EU’s Forgotten Post? 33 Outlook 34 Abbreviations Alida Vračić is IPC-Stiftung Mercator Fellow 2015/2016 at SWP Issues and Conclusions Turkey’s Role in the Western Balkans For the past two decades, Turkey has been rediscover- ing the Balkans. The end of the Cold War and the dis- solution of the former Yugoslavia in the 1990s and the subsequent violence were decisive points in Turkish foreign policy. New openings toward southeast Europe and the creation of new states greatly transformed the foreign policy strategies of Turkey, which was aiming for far-reaching political impact.
    [Show full text]
  • FIMA Daily Insight
    FIMA Daily Insight Friday, March 06, 2015 Croatia Croatian equities closed higher on Friday with both indices increasing; CROBEX increased ZAGREB STOCK EXCHANGE 0.63% to 1,755.79 pts and blue chip CROBEX 10 advanced 0.77% to 1,025.21 pts. CROBEX Last 1.755,79 Regular stock turnover amounted to HRK 14.2 million. (Positive) daily 0,63 Integrated telecom operator HT (HTRA CZ) topped the liquidity board collecting HRK 5.4 YTD 0,59% million in turnover and increasing 1.52% to HRK 166.50. CROBEX10 Last 1.025,21 daily 0,77 Croatia's industrial output fell 5% on the year in January after increasing by an annual 5.3% a month earlier, the State Statistics Bureau said on Thursday. Month-on-month, YTD 1,79% industrial output was down 4% in January. (Negative) Stock Turnover (EUR m) 1,77 MkCap(%of GDP) 56,91% Valamar Riviera announced that from March 2th to March 4th has acquired treasury Source:www.zse.hr shares. After this acquisition the Company holds a total of 624.771 treasury shares representing 0,4957% of the share capital. (Positive) LJUBLJANA STOCK EXCHANGE Slovenia SBI TOP Last 796,37 Binding bids in a privatisation tender for Slovenian aircraft maintenance firm Adria Airways daily -0,25% Tehnika should be sent by March 20, one of the company's co-owners, the airport operator YTD 1,56% Aerodrom Ljubljana [LJE:AELG], confirmed on Thursday. (Positive) Stock Turnover (EUR m) 1,04 Slovenian logistics company Intereuropa [LJE:IEKG] said on Thursday its consolidated net MkCap(%of GDP) 50,95% profit plunged to 329,000 euro in 2014 from 2.1 million euro a year earlier.
    [Show full text]