Atlantic Grupa reported that its consolidated net profit edged up 1.6% on the year to HRK 45.3 million in the first quarter of 2016. Total sales revenue dropped 0.2% on the year to HRK 1.16 billion through March, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell 5.1% to HRK 103.9 million. Earnings before interest and taxes (EBIT) amount to HRK 69.8 million, and are lower by 5.1%, primarily due to the investments related to starting up of own distribution companies in Germany and Austria and unfavourable foreign currency exchange rate movements. Net profit after minority interest's amounts to HRK 45.3 million, which is a 1.6% growth compared to the first quarter of 2015.

The company said earlier it sees sales revenue edging down 0.1% to HRK 5.4 billion in 2016, while EBITDA is expected to decline 16.3% to HRK 475 million.