Portorož, Slovenia, November 20th, 2024 – Stjepan Orešković, the founder and majority shareholder of BOSQAR d.d., took part at this year's Poslovna konferenca Portorož (PKP) event in Slovenia, where he engaged in a dynamic discussion with Peter Frankl, CEO and Publisher of Finance.
The event, recognized as Slovenia's premier economic platform, serves as a hub for business leaders to share best practices and gain insight into emerging economic trends.
As a researcher, professor, and entrepreneur, and in the context of BOSQAR's recent investment in the Panvita Group, Orešković outlined the group's distinctive model for sustainable growth, which has driven its extraordinary success over the past five years.
"Since our IPO in 2019, BOSQAR's market capitalization has grown from 30 million to over 250 million euros – a remarkable 630% increase. Simultaneously, our workforce has expanded from a few hundred employees to more than 13,900," Orešković said, emphasizing the measurable outcomes of the company's strategies.
A Unique Model for Growth and Development
Orešković attributed BOSQAR's achievements to a set of principles that go beyond mere rhetoric.
"Our foundation lies in the exceptional knowledge and education of our team. We prioritize recruiting people with good energy; we are happy if they can see an opportunity to grow within the company, typically aged between 25 and 40, full of energy and fresh perspectives," he explained.
This energy, Orešković argued, stems from the company's commitment to Environmental, Social, and Governance (ESG) principles.
"We believe in market dominance through knowledge, equal opportunities, and all forms of equality, including gender parity. Beyond financial success, we take pride in community-focused initiatives, such as our partnerships with institutions like the Croatian National Theater (HNK) in culture and the Brave Phone NGO in supporting vulnerable groups.
Unlike those who use ESG as greenwashing, we see it as integral to our corporate energy," he remarked.
Strategic Acquisitions and Partnerships
In addition to organic growth, BOSQAR has excelled in acquisitions, with Orešković noting, "We may be among the global leaders in the number and volume of acquisitions achieved within a given timeframe. This is due to our team's unparalleled expertise in identifying potential and creating scalable success."
Referring to BOSQAR's recent investment in Panvita, one of Slovenia's leading food companies, Orešković explained the partnership's alignment with BOSQAR's strategy.
"We never approach a company unless we're confident we can amplify its success by two, three, or six times. For Panvita, we've identified significant growth potential and have already received overwhelmingly positive feedback in Slovenia. For instance, the head of NLB, Blaž Brodnjak, has publicly stated that he expects Panvita to grow threefold in ten years. It's a rare gesture of public support from such a reputable person," Orešković said.
"I hope to positively 'disappoint' Mr. Brodnjak and all the friends and partners who support us in Slovenia and grow faster and more. We want to be a regional consolidator and a leading company. Even before the partnership with Panvita, we knew what the following investments we had to make were. We work seriously, we have precise ideas," he said.
Orešković also highlighted BOSQAR's collaborative approach to acquisitions.
"We maintain partnerships with existing owners and management, avoiding the predatory tactics often seen in the industry. In 95% of cases, we continue working together, ensuring stability and mutual growth," he noted.
A Vision Beyond Profit
Orešković's closing remarks offered a powerful perspective on BOSQAR's broader mission.
"We understand that economic, social, and intellectual energy is the key to global competitiveness. Those who exhaust these resources fall behind. By combining profitability with technological innovation, gender parity, and environmental stewardship, we aim to redefine success – not just for BOSQAR but for all stakeholders," he concluded.
