The first part of the thesis aims to theoretically analyze the business analysis of the company, ie strategy analysis, industry analysis and analysis of financial statements. Also, there is the analysis of the company environment, PESTLE analysis, Porter's analysis of 5 competing forces and SWOT analysis. A group of financial indicators and basic financial statements are explained in detail. The second part of the thesis follows an example of Atlantic Group's business in the period from 2015 to 2017. The thesis includes detailed information of the company and the explanation of the company's strategy. The food industry in Croatia was analyzed using PESTLE analysis and Porter's analysis of 5 competing forces and a detailed analysis of the financial statements was carried out. The financial statements were analyzed by horizontal and vertical analysis and by financial indicators. At the end of the thesis there is the conclusion about business operations, which is based on analysis of financial statements. The conclusion of the analysis shows the liquidity, indebtedness, activity, business efficiency and profitability of the company in the observed period. Therefore, the thesis explains the relationship between the analysis of financial statements and business analysis and this process is explained in the example of Atlantic Group's operations. Also, there is a clear picture of the food industry in Croatia and of the Atlantic Group's business over the observed period.