Tokić Group achieves strong double-digit growth, continues strategic investments
Translated from Croatian, summarized and contextualized by DistantNews.
At a glance
- Tokić Group reported strong double-digit growth in the first half of the year, with revenues increasing by 12% and operating profit (EBITDA) by 11%.
- The company implemented a new ERP system and signed a contract for a new logistics and distribution center.
- Tokić Group also launched a new online store and expanded its retail network in Croatia and Slovenia.
Tokić Group has announced robust financial results for the first half of the year, demonstrating significant double-digit growth. Group revenues saw a 12% increase, while operating profit, measured by EBITDA, rose by 11%. This performance underscores the company's successful expansion and operational efficiency.
Strategically, Tokić Group has made substantial investments to support its growth trajectory. A key development includes the implementation of a new enterprise resource planning (ERP) system, aimed at streamlining operations and enhancing data management. Furthermore, the company has secured a contract for the construction of a new logistics and distribution center, which will bolster its supply chain capabilities.
In addition to these infrastructural advancements, Tokić Group has focused on enhancing its market presence. A new online store has been launched, providing customers with a more accessible purchasing platform. The company has also expanded its retail network, opening new outlets in both Croatia and Slovenia, further solidifying its position in the regional market.
Originally published by Večernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.