Fortenova CEO Fabris Perusko Reveals Plans for 2022, Including Investments

By 20 December 2021
Fabris Perusko
Fabris Perusko N1/Screenshot

December the 20th, 2021 - Fortenova CEO Fabris Perusko has spoken out about what this gigantic Croatian company of strategic importance's plans are for the year 2022, including investments and more.

As Poslovni Dnevnik/Fabris Perusko writes, back in 2020, we learned how to work and live within the circumstances of the coronavirus pandemic, in 2021, unfortunately, we were shown that such needs weren't going to be solely limited to 2020. The continuation of the global pandemic, shocks in supply chains, demand, rising energy and raw material prices, the growing threat of climate change and demands for the global adoption of a sustainability model that will save the planet… all of this constantly changed business conditions and required almost daily adjustments.

However, despite such pronounced external influences, the Fortenova Group has experienced quite the special year, at least according to Fortenova CEO Fabris Perusko, who has referred to 2021 as a year that was transformational. Throughout nine months of Fortenova's operations, the huge company further increased its profit and generated an impressive 1.3 million kuna in net profit compared to the loss realised back during the same period last year.

As such, 2021 has definitely been a historic year for the Fortenova Group, even without adding the significant implementation of several important capital and financial consolidation projects, the key of which were the sale of the Frozen Food Business Area for 615 million euros and the transfer of Mercator to the Fortenova Group.

The transaction with Nomad Foods, which is entering the region's market for the first time through Ledo, Frikom, Ledo Citluk and some other smaller companies, has been declared the business of the decade in Southeastern Europe by the media and by analysts alike, while the transfer of Mercator in 2021 saw it finally consolidated into the ownership of Fortenova.

Previously, just two years after the implementation of its own financial restructuring, the Fortenova Group had fully refinanced Mercator's borrowing from as many as 55 banks, conducted a public offering and increased its ownership in Mercator to more than 90 percent.

''We expect that soon, after the payment of the remaining small shareholders, we'll have 100 percent ownership in Mercator,'' stated the confident Fortenova CEO Fabris Perusko.

Looking forward to 2022, Fortenova has a total planned investment of as much as 130 million euros, and that will be one of the significant investors in the economies of the countries in which it operates. Namely, the company is facing the realisation of several very important investments in its production companies, and the first of them is in the Jana plant in Gorica Svetojanska, where the most advanced technology for the aseptic line has already been installed, and where refreshing soft drinks will be bottled.

Large investments are also in the pipeline for both Dijamant and PIK Vrbovec, and a strong investment cycle will be launched in the retail sector by opening up new and re-arranging existing stores, as well as the digitalisation of the retail sector across the entire region. At the same time, after the regional retail of the Fortenova Group was merged with the transfer of Mercator, the company can expect to see the strong effects of synergy processes and continued consolidation in this area throughout 2022.

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