With the exception of the discontinuation of the HoReCa sales and drop in the consumption of their products in the on-the-go and impulse segment, Atlantic did not have other significant negative effects on operations.

Atlantic Grupa published an announcement on the Zagreb Stock Exchange regarding the impact of Covid-19 on the business performance in 2020. The company stated that they do not expect that the targets given in their outlook for 2020 (published on 27 February) will be achieved.

Atlantic adds that that until now, with the exception of the discontinuation of the HoReCa sales and drop in the consumption of their products in the on-the-go and impulse segment, they did not have other significant negative effects on operations, and in the part where they do exist, they were entirely compensated by the improved performance of Farmacia, Savoury Spreads, Coffee and the portfolio of baby food, personal care and food overall, be it from their own production portfolio or from the portfolios of our principals. The company adds that they have entered into this situation from a very strong financial position and record-high results in 2019, which enables their business continuity even in these difficult market circumstances.