Ledo (company)

Ledo d.d.
Company typePublic
ZSE: LEDO (until 2018)[1]
IndustryFoods
Founded1958
HeadquartersZagreb, Croatia
ProductsIce cream, Frozen food
RevenueHRK 2.3 billion
(c. €310 million)[2] (2015)
HRK 267 million
(c. €36 million)[2] (2015)
Total assetsHRK 2.6 billion
(c. €350 million)[2] (2015)
Websiteledo.hr

Ledo d.d. is a Croatian-based producer of ice cream and frozen food headquartered in Zagreb.

Ledo's total revenues in 2008 amounted to HRK 1.19 billion and increased by 16.7 percent compared to last year. The bulk of the income is made up of sales income in the country, which increased by 13.2 percent, and by 28.3 percent, the growth of income abroad is recorded. The realized net profit is HRK 89.4 million, which is an increase of 28.8 percent compared to the previous year.[3]

In 2013, at the conference of the International Association of Manufacturers of Ice Cream and Frozen Foods, Ledo Torta ice cream was recognized as the best in the world.[4]

It was partially owned by the Agrokor group, which restructured and rebranded as Fortenova Group in 2018.[5] Ledo is one of the largest producers of frozen food and ice cream in Southeastern Europe.[6] Apart from Croatia, it is also produced and sold in Bosnia and Herzegovina, Slovenia, Albania, Montenegro and Hungary.[6]Beginning of 2021, Fortenova announced it was entering exclusive negotiations with the UK-headquartered Nomad Foods about the sale of its frozen food arm which comprised Ledo plus d.o.o. (Croatia), Ledo Čitluk (Bosnia and Herzegovina) and Frikom (Serbia).[5] In January 2021 Croatian business press reported that the purchase price would likely exceed EUR 600 million.[7][8] On March 29 2021 Fortenova Group announced that the transaction was closed at EUR 615 million and would be finalized in Q3 2021.[9]

The first ice cream produced in Croatia, the popular Snjeguljica (Snow White), was introduced in 1958.[6] At the time, what was to become Ledo was a part of a larger Croatian milk producer.[citation needed]

  1. ^ "Ledo d.d." Zagreb Stock Exchange. Retrieved 21 March 2021.
  2. ^ a b c "Konsolidirani revidirani godišnji izvještaj za 2015. godinu" (PDF) (in Croatian). Archived (PDF) from the original on 9 May 2016. Retrieved 26 May 2017.
  3. ^ "Ledo poslovao odlično, Zvijezda u gubitku - Jutarnji.hr". 2009-04-04. Archived from the original on 2009-04-04. Retrieved 2023-01-04.
  4. ^ "Мороженное LEDO самое лучшее". 18 October 2013. Retrieved 2017-04-08.
  5. ^ a b Ilić, Igor (11 January 2021). "Croatia's Fortenova in talks with Nomad Foods on frozen food business". Reuters. Retrieved 21 March 2021.
  6. ^ a b c "Ledo" (in Croatian). Archived from the original on 6 February 2010.
  7. ^ Laslavić, Željka (15 January 2021). "Nomad Foods spreman dati za Ledo više od 600 milijuna eura". Lider (in Croatian). Retrieved 21 March 2021.
  8. ^ Dozan, Jadranka (12 January 2021). "Nomad Foods u superfinalu prodaje Leda i ostatka Fortenovina 'frozena', evo njihovih planova". Poslovni dnevnik (in Croatian). Retrieved 21 March 2021.
  9. ^ "Fortenova prodala Ledo za 615 milijuna eura!" (in Croatian). Lider Media. 29 March 2021. Retrieved 31 March 2021.