Tadej Gosak, CEO, said: ″Compared to 2015, Paloma sold 2% or EUR 1.6 million more worth of products. The largest growth in sales was recorded by the Private Label division, marked by the discontinuation of unprofitable transactions and their replacement with more profitable ones during the preceding year, which led to the manufacturing of sanitary items for the most successful Private Label brands. The ultimate success of these activities was demonstrated by a major increase in revenue from sales resulting from newly acquired transactions, since total revenue from sales of the Private Label division rose by 9% as compared with 2015. Our own brand product division also performed well by managing to preserve or even increase our market shares in strategic markets. In Slovenia, as of the end of 2016, Paloma had increased its value market share by 2% compared to the end of 2015. Its value market share was also increased in the Croatian market, whereas it was preserved in Serbia despite fierce competition.″