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Standard&Poor’s revises the outlook on Agrokor's ‘B’ rating to positive

18 April 2012

Standard&Poor's ("S&P"), the major international credit rating agency has today changed the outlook on the ratings of Agrokor ("Company") to "positive" from "stable".

This news confirms the trust that international investors and analysts have placed in the business model of Agrokor, the region’s largest company, and reflects its outstanding financial results even in a very challenging economic environment. The positive outlook provided is even more significant given the current market environment.

According to S&P, the positive change in ratings outlook reflects Agrokor's solid operating performance in 2011, leading to improvement of the Company's business risk profile, potential for moderate deleveraging, due to revised financial policy as well as ongoing improvements in the liquidity position on the back of covenant relaxation and ongoing short-term debt refinancing.

S&P further states that business risk profile is supported by Agrokor's entrenched market positions in its main business segments.

It is also expected that Agrokor will strengthen its liquidity position and debt maturity profile by issuing a new seven-year EUR300 million bond in addition to the already provided three-year EUR75 million club loan.

S&P concludes that the positive outlook reflects the possibility of an upgrade if Agrokor adheres to its revised financial policy and demonstrates moderate deleveraging.

Rating improvement information are availble on the Standard&Poor’s website www.standardandpoors.com.
 
10 April 2014

Agrokor and Sberbank announce EUR 600 million syndicated long-term loan facility
Agrokor and Sberbank announce EUR 600 million syndicated long-term loan facility
Further activities for CEE retail customers are planned
08 April 2014

PIK Vrbovec sold its canned pate and meat program to Podravka
PIK Vrbovec sold its canned pate and meat program to Podravka
This is aimed to further consolidate the domestic food industry
03 April 2014

Ledo won the annual Corporate Social Responsibility Award
Ledo won the annual Corporate Social Responsibility Award
The 2013 CSR Index Award was won in the Environmental management responisiblity and practices category
27 March 2014

First candidates from the young people employment initiative hired
First candidates from the young people employment initiative hired
The Agrokor Group completed its second initiative of hiring young people and out of 16.500 applicants the first 265 were employed
21 March 2014

Super Konzum Stenjevec in Zagreb is opened
Super Konzum Stenjevec in Zagreb is opened
The new shopping center is an investment valued at 40 million kuna
27 February 2014

Agrokor will invest 140 million kuna into new Konzum shopping centers
Agrokor will invest 140 million kuna into new Konzum shopping centers
New centers in Zagreb will be opened
12 February 2014

Agrokor to employ hundreds of young people
Agrokor to employ hundreds of young people
Applications are no longer being accepted. We thank those who applied and showed interest in working and gaining experience at one of the companies from the Agrokor Group.
06 February 2014

Agrokor continues strong investments in PIK Vrbovec
Agrokor continues strong investments in PIK Vrbovec
Three years of investments worth HRK 300m
27 January 2014

Investment into construction of a new greenhouse
Investment into construction of a new greenhouse
Agrokor invested 78 million kuna into a greenhouse with 50 new employees
24 December 2013

Agrokor sold Jamnica’s Juicy to the Stanić Group
Agrokor sold Jamnica’s Juicy to the Stanić Group
The investment is worth 45 million euro
 
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