Agrokor
 |
|
| Industry | Food and soft drinks, retail |
|---|---|
| Founded | 1976 |
| Founder | Ivica Todorić |
| Headquarters | Zagreb, Croatia |
|
Area served
|
Southeast and Central Europe |
|
Key people
|
Ivica Todorić (CEO) |
| Revenue |
 €3.947 billion (2013) €7.019 billion (2014)
|
|
€270.34 million (2013)
|
|
| Profit |
 €4.58 million (2013)
|
| Total assets |
€4.332 billion (2013)
|
| Total equity |
€2.390 billion (2013)
|
|
Number of employees
|
34,964 (2013) c. 60,000 (2014) |
| Divisions | Retail Group, Food Group, Business Group |
| Subsidiaries |
Konzum (81%) Ledo (79%) Jamnica (80%) |
| Website | www |
Agrokor (Croatian pronunciation: [âɡrokoːr]) is the largest retail in Croatia. Founded in 1976, it greatly expanded their operations in the following decades by acquiring a number of large companies in Croatia and Southeast Europe. The Agrokor group had an annual sales revenue of €4.6 billion in 2010. This made Agrokor the biggest company in Croatia in terms of sales revenue and placed it 18th in Deloitte's annual list of the 500 biggest Central European companies.
It was founded as a private firm for the production of flowers and flower seedlings in 1976. By 1977, business was expanded by new programs: import and export of cereals, oil crops, fruit and vegetables, with a significant increase in turnover and profits. In 1989 the joint-stock company Agrokor was registered. The Agrokor Group was registered in 1997. In 2000, Agrokor opened the largest distribution center in Croatia the region. Logistics and distribution center in Dugopolje opened in 2010. The most modern winery in the region worth €20 million was opened at Belje in 2011. First biogas facility was opened in Gradec in 2012.
Agrokor's core businesses are the production and distribution of food and drinks and retail, and over the years the group acquired several large Croatian companies in those sectors:
Agrokor also acquired or founded a number of companies in the region, including the Serbian ice cream manufacturer Frikom, water bottling companies Sarajevski kiseljak (in Bosnia and Herzegovina) and Fonyodi (in Hungary) and others.
Several of Agrokor's Croatian subsidiaries are listed on the (ZSE) and Ledo is included in its official share index CROBEX as of September 2010.
For approaching international capital markets, Agrokor had to receive a rating by a rating agency as this is a must to give potential investors a benchmark. Without the ratings of Standard & Poor's and Moody's, Agrokor could not have issued two major bonds (one at the end of 2009 about 400 million, one in 2011 about 150 million). In April 2012, Standard & Poor’s also revised the outlook on Agrokor's ‘B’ rating to positive from stable.
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Wikipedia