Maturity for challenges - Delta Holding

Annual meeting
continuation in facing page
Delta Agrar completed year 2008 as a multifunctional
system that provides even 35 various activities.
At the mid year the system Agrar included
food production. So, at present this biggest agro
system in Serbia comprises complete chain which
is popularly called “from the field to the table”.
The results of Delta Agrar with the primary production,
according to independent sources, are
holding record within the whole region. At almost
17.000 hectares, which this system cultivates, the
most contemporary technologies are administering.
Among number of planned projects for
the year 2009, the founding of the new company
in Moscow is in the focus, which significance prevails
over the frame works of Delta Holding. That
is to say that from February 1, Delta Food Moscow
is launched officially, as an agro distributive centre
for fruit, vegetables, meat sale at the Russian market.
The factories in the Food Processing (Yuhor,
Danubius, Florida Bel) are planning significant investment
in the equipment and production improvement,
and great expectations are focused to
the youngest member Calido Cafe, which recently
launched coffee Amato at the market.
Delta DMD Grupa accomplished income of 245
million euros in 2008. Yuhor products and Vivartia
brands, and Shark joined distribution centre
last year, while the distribution network had been
enlarged by opening of our own object in the city
of Podgorica of some 3,600m ². DelvelPro had
changed its visual appearance in the year 2008;
renovated exhibition room had been open in Belgrade
and wholesale centers in Subotica, Cacak
and Nis. The Delta Transportation Service started
in October, the company, which provides logistic
services to the members of the Delta Fashion and
to the third parties, which overreached planned
sale for 4% . Previous year was extremely successful
for Delta Fashion, which overreached planed
sale for 4%. „In 2009 Delta DMD Group is planning
income growth for 68% and the turnover of 410
million euros. We expect cooperation improvement
with existing partners and conquering of the
new programs, building of the distributive-logistic
centers so as the realization of the HoReCa project.
DelvelPRO plans maximum coverage of the Serbia’s
market, and realization of the group’s goals
will contribute to the integration of the members
into DTS and expanding of retail network of Delta
Fashion“, said the director of Delta DMD Grupe
Darko Jelić.
Operational activities of Delta Auto in 2008
marked two periods. First, which successfully realized
planned activities lasted till September. After
that auto sale had marked decline trend as
the consequence of the global crisis in the auto
industry, and its effects at the domestic market.
Though, Delta Auto managed to conclude the year
with 87, 5% of sold vehicles and 93% of planned income.
The biggest BMW center had been opened
at the Balkan so as the logistic center in Dobanovci.
„This year we plan increase of sold vehicles and
income higher for 11%. We will try with lower margin
profit rate and bigger turn over to achieve the
plan and preserve our clients”, emphasized the director
of Delta Auto Miloš Petrović.
2
Delta Maxi Serbia ended year 2008 with 342 objects
in 46 cities and near 10.000 employees. In
the previous year 39 new shops had been open
and 124 million bills issued. Planned sale had been
overturned for over one billion dinar. Private
trade mark development is in process, which covers
1.250 products, which is 10% of the total sale respectively.
Special accent is on the actions that
promote socially responsible business. At the regional
plan Delta Maxi International is present at
the four markets: Montenegro, Bosnia and Hercegovina,
Bulgaria and Albania. At the beginning
of the previous year 31 Delta Maxi shops had activities
in the region, and at the end of the year it
reached figure of 82. At the level of Delta Maxi
Group we plane opening of 69 new shops in Serbia
and 48 in the region. It is expected employment
of 2.000 employees in Serbia, and 2,500 employees
abroad. In 2009 Delta Maxi Group plans
growth of 40%, of total sale amounting 1, 85 billion
euros respectively. „We are the fastest growing retail
chain in the region. This trend will continue in
the year of full of challenges”, said the director of
Delta Maxi Group Dragan Filipović.
Financial services Center overturned business
plan in 2008 in spite of extremely difficult situation
that hit the market in the last quarter. Delta
Broker, according to participation in a value of
trade at the stock market, got second place comparing
with fourth place in the year 2007, and the
success remained in relation with same number of
clients. The funds that have business within Delta
Investments, at the end of the last year had 27% of
the share market. According to the words of the
director CFU, Mrs. Radmila Bajević, plans for this
year are to increase market share and number of
clients, the start of the closed fund for real estate
investments and introduction of e-trading.
Delta Real Estate with its projects already took
the position of the leader in the region of ex Yugoslavia
and Albania. Although the world economy
crisis hits real-estate branch the most, director
general, Dejan Racic announces continues activities
with all commenced projects. Delta Real Estate
will continue in developing its image and the
brand, and the best arguments in favor to these
facts are projects such as Belville. Due to the nature
of the activities the plans of Delta Real Estate
are connected to the five years period, and those
plans are really ambition: five regional malls of Delta
Planet, nine shopping-malls of Delta City, 18 retail
parks in the region...
Delta Invest, which is behind Delta’s construction
projects, in the past year, worked on even four national
markets such as: Serbia, Montenegro, Bosnia
and Hercegovina and Bulgaria. Founding company
Delta Construction the management and
conduct processes had been circled, and the event
of the year is for sure the lodgment Belville, which
Delta Invest will hand over to the city of Belgrade
significantly prior to the estimated term stated in
the agreement.
Successful year had Delta Star Group as well,
which in 2008 made sale for 26% higher than planed.
„In 2009 we plan to achieve total income that will
be higher for over ten million euros in comparison
with the previous year. Jugohemija will start with
cooperation with Tevom this year, pharmaceutical
company from Israel, which is one of the leaders
at the world market. The network of Celsius pharmacies
will enlarge with new shops in Montenegro
and Republika Srpska”, said the director of iJugohemija
Smiljka Mileusnić-Adžić.
In the past year Delta Generali Insurance became
bigger for two companies, founded in Montenegro,
and in spite of the crisis the number of
employees increased for 500 new employees. Total
amount of premium increased for 33%, significantly
higher than it was insurance market growth
in Serbia, and reached 8, 5 billion dinar. The growth
had been marked in all sectors, with almost ideal
structure of portfolio. In 2008 Delta Generali Insurance
launched direct sales and web shop, as their
own service of medical assistance in five countries,
where our tourists travel the most. For 2009 director
general Nebojša Divljan announced significant
projects such as: opening of the new companies
in the region, starting with the own polyclinic
that would meet high criteria in health insurance
of Delta Generalya. The Company will introduce
standard ISO9001 and implementation of SAP as
well.
Business year 2008 for Delta Sport Group was
positive in compliance with all parameters. The
agreement with Inditex is prolonged till 2014, and
distributive rights are granted for Macedonia,
Montenegro, and Bosnia and Hercegovina. New
markets are conquered, new brands introduced
and overtaken distribution rights of the trade
mark Mango. The growth of the trading of 59%
and investments of 129% had been marked. „This
year we mapped out increase of trading of 41% in
comparison with 2008 so, the planned trading at
the end reaches 221, 6 million euros. We will open
31 shops in this year, so the total number will be
125 shops in the country and within the region. In
spite of the economy crisis we will increase the
number of employees. We are planning development
of the HoReCa sector, opening of the wellness
centers and the bowling clubs chain. We
signed the agreement on cooperation-duration 15
years with famous English toys’ seller Hamley’s for
South East Europe”, said at the board meeting the
director of Delta Sport Goran Karić.
Delta’s office for
International relations
The president Miroslav Mišković announced
founding of the Delta’s office for international
relations. This, according to his words, it is an
official verification of the significant activity,
which within this field in the past months, had
vice president of Delta Milka Forcan – starting
with the organization of meeting of Serbian businessmen
and EU officials, then participation in
inauguration of the American president Barrack
Obama, to the World Economy Forum in Davos.