Kofola’s sales up 2%, thanks in part to warm weather
Kofola group’s sales increased by 1.9% year-on-year to CZK 3.44 billion in the first half of 2018; Kofola’s sales and profits went up thanks to, in part, warm weather and lower sugar prices. Photo credit: Kofola.
Brno, Aug 18 (BD) – Kofola group, the Czech producer of the popular carbonated soft drink, announced increasing sales and profits in an official press release on Monday of this week. Sales across the whole group increased by 1.9%, and by 7% without including the group’s Polish arm. EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) of Kofola rose by 26% to 439 million crowns and operating profit (EBIT) rose by 114% to 169 million crowns.
“Warm weather and lower sugar prices have helped us to achieve very good economic results, despite the increased investment in wage costs that the current situation in the labor market has brought,” says Daniel Buryš, CFO of Kofola Group. “In addition to a positive economic result, I am glad that we have been successful in expanding our business. Through the purchase of the traditional Czech company LEROS, we entered into the herb business, and we added the Slovak mineral water Kláštorná to our group,” he added.
“This year’s season is going well, above our expectations,” Buryš explained current developments and continued: “We will update the outlook for the year-end after the third quarter of this year,” he concluded.
Kofola group is one of the leading non-alcoholic beverage manufacturers in Europe. It operates seven manufacturing sites in the Czech Republic, Poland, Slovakia, Slovenia and Croatia and employs over 2,100 people, of which 700 are in the Czech Republic. Besides Kofola, the company owns other brands such as Rajec spring water, the Jupí series of syrups, Vinea grape juice, Jupík baby drinks, and Semtex energy drinks.
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