To put things into a perspective, such a deal accounts for 1.9% of the Group’s trailing 12 months sales.

Atlantic published a document on the Zagreb Stock Exchange announcing that starting next year, Saponia and Kandit will entrust the distribution of their brands for the Serbian and Slovenian markets to the leading regional distributor.

The leading regional detergent manufacturer Saponia and the confectionery industry company Kandit signed a contract with Atlantic Group, ensuring business growth in 2020. By the beginning of January next year, the two companies will have entrusted the distribution of their brands for the Serbian and Slovenian markets to Atlantic Grupa as the leading regional distributor of fast-moving consumer goods. This contract marks the beginning of cooperation with an expected annual turnover of more than HRK 100m. To put things into a perspective, such a deal accounts for 1.9% of the Group’s trailing 12 months sales.

To read more about Atlantic Group click here.

By 2025, Luka Koper aims to achieve a revenue increase of 24% and a throughput of 27.3m tons.

Luka Koper published a document on the Ljubljana Stock Exchange announcing their 2020 – 2025 plan. According to it, in the coming years, Luka Koper will focus on increasing port capacities. By the time the renovated double-track railway line will be operational, the company states that they will be ready to satisfy their clients’ needs with an increased number of berths and storage areas, road and rail infrastructure and projects in the field of digital transformation.

At the same time, with a determined commercial approach, the company aims to ensure an increase in throughput volumes, thereby maintaining primacy among the ports in the northern Adriatic and the Mediterranean.

Luka Koper Group has set the following targets:

Revenues

By 2025, the Group shall increase revenue by 24% through exploiting synergies in the logistics chain, acquiring new strategic markets, renewing long-term and targeted commercial policies, and providing a revenue structure targeted at higher value-added groups.

Throughput

In 2025, total throughput will total 27.3m tons of cargo that the Group shall achieve through comprehensively addressing their clients’ needs. Luka Koper also targets 1.227m TEUs in the commodity group Containers and 0.886m car units in the commodity group Cars.

Investments

The Group shall invest EUR 576.5m into increasing the capacity and throughput of the port. This will allow the Group to be prepared for the opening of the double-track railway line and to increase the advantages and opportunities of this logistics route. At the same time, by the time the renovated double-track line is open, the Group will pursue the goal of transporting at least 60% of the cargo from/to the Port of Koper by rail, after which the share will be increased to 70%.

In the period up to 2025, 29% of investments will be earmarked for warehouses and storage areas, 28% for construction and reconstruction of quaysides, 33% for equipment and the remaining 10% for road and rail infrastructure.

The company will invest EUR 213.5m in public infrastructure (road and rail infrastructure, quayside/seabed depth) and EUR 363m in non-public infrastructure (storage areas and warehouses, equipment).

Significant investments in the road network within the port include the construction of a new, third gate to the port and the relocation of the town approach road to the port periphery. This will prevent the crossing of the main port bypass road with railway tracks and increase traffic flow and safety.

Fondul reported a total NAV of RON 10.78bn (EUR 2.26bn), (+8% YoY) which translates into a NAV per share of RON 1.5725 (+14.4% YoY).

According to the latest NAV report (29 November 2019), Fondul reported a total NAV of RON 10.78bn (EUR 2.26bn), which translates into a NAV per share of RON 1.5725. When comparing it to the same period last year, their NAV increased by 8%, while NAV per share increased by 14.4%. Meanwhile, when comparing MoM, Fondul’s NAV and NAV per share both increased by roughly 1%.

Next, when observing the portfolio structure, it remains traditionally oriented towards the power, oil and gas sectors, whereby the two largest holdings, Hidroelectrica and OMV Petrom account for 61.65% of the total NAV.

Furthermore, when compared to the same period last year, the Fund decreased their listed equities (-0.66 p.p.), while their net cash & receivables also decreased by 0.58 p.p. Meanwhile, Fondul’s exposure to unlisted equities increased by 1.24 p.p. accounting for 69.69% of the portfolio.

Turning our attention towards the share’s price performance, as of 16 December, the share price amounted to RON 1.196, marking a 26.6% increase YoY. The discount to NAV per share decreased by 7.3 p.p. YoY and currently stands at 24%.