Kofola ends last year by exceeding expectations, with its annual EBITDA above 1 billion CZK (37.8 million EUR).

Kofola ends last year by exceeding expectations, with its annual EBITDA above 1 billion CZK (37.8 million EUR).

The Kofola Group slightly exceeded expectations at the end of 2020, despite significant limitations on the market during the last months of the year, due to the coronavirus pandemic. The value of EBITDA for 2020 reached, according to preliminary economic results, 39.0 million EUR. Annual revenue dropped compared to the previous year by 3.7%. One reason behind this relatively small revenue decrease is the successful acquisition of Ondrášovka and Korunní mineral waters, which contributed to growth in the retail market.

Kofola had a record-breaking summer, consumers were loyal to traditional brands

Kofola had a record-breaking summer, consumers were loyal to traditional brands

The Kofola Group improved the key economic indicators, with impressive results, especially in the CzechoSlovak segment, built on traditional brands. In the third quarter, it recorded revenues higher by 219.5 mCZK, EBITDA grew by 121.2 mCZK. This enabled Kofola to create a reserve for economic fluctuations connected to the second wave of the coronavirus pandemic.

Kofola has overcome the most difficult quarter in history beyond expectations

Kofola has overcome the most difficult quarter in history beyond expectations

The Kofola Group managed to maintain its strong position even in one of the most difficult quarters it has ever faced. From an economic point of view, it did excellently. These results were achieved with the help of a long-term company strategy built on traditional and local brands, flexibility in decision-making when looking for savings, and extraordinary employee engagement. Kofola successfully managed to take over both Ondrášovka and Korunní companies, leading to an increase in its market share in Czech retail. The management of Kofola is expecting the whole market to gradually start reawakening, and yet, in the event of economic swings, the Group has sufficient resources to overcome difficult times.

In the first quarter, the Kofola Group was able to maintain turnover as well as EBITDA. The Group is well prepared for the rest of the year.

In the first quarter, the Kofola Group was able to maintain turnover as well as EBITDA. The Group is well prepared for the rest of the year.

In spite of the current situation, the Kofola Group was able to maintain both key indicators at the same level as last year – there was only 0.1% decrease in revenues and the EBITDA is actually higher by 0.6%. The Group achieved this excellent result despite all complications caused by preventative measures against the spread of COVID-19 in all countries in which it operates, that have strongly affected the whole beverage industry. The management of the Group states that we are well prepared for the upcoming months, even if the economy picks up very slowly.

Kofola ČeskoSlovensko has significantly consolidated its position on the Czech market through the purchases of Karlovarská Korunní and Ondrášovka.

Kofola ČeskoSlovensko has significantly consolidated its position on the Czech market through the purchases of Karlovarská Korunní and Ondrášovka.

On 15th April 2020, Kofola ČeskoSlovensko became a 100% shareholder in the companies Karlovarská Korunní and Ondrášovka, after the transaction was approved by the Office for the Protection of Competition and all other conditions for the takeover were met. Through the purchase of Korunní and Ondrášovka, Kofola ČeskoSlovensko has widen its portfolio to include Czech mineral water brands and significantly has strengthened its position in the category of packaged waters on the Czech market. Along with this acquisition, Kofola has also taken over the distribution network, liabilities, receivables and all employees. Both parties have previously stated that the transaction price will not be disclosed.

Last year was a successful one. The Kofola Group saw a rise in revenues and in both economic indicators.

In the last year, the Kofola Group increased its revenues by 4.1% to EUR 249 668 thousand, the value of the EBIT key indicator jumped by 2.9% and the EBITDA by 5.9%. This very positive economic result was helped by last quarter, higher sales in the HoReCa segment, and in the terms of brands - primarily Royal Crown Cola, Jupí syrups and Semtex energy drinks. In the Adriatic region, Croatia scored very well in revenues after adjustments to the distribution model. This year, the key priority for the Group will be to effectively meet the challenge of the coronavirus pandemic.

Kofola enters Craft Cider and soda segment  through the purchase of  F. H. Prager, a Czech beverage producer.

Kofola enters Craft Cider and soda segment through the purchase of F. H. Prager, a Czech beverage producer.

Fresh products are sold under the UGO brand, LEROS herbs or premium coffee Café Reserva. Kofola has been gradually moving into more uncommon, and for some, unanticipated areas. Just recently it has set out on a journey into the craft cider and soda segments. Kofola ČeskoSlovensko has today announced the purchase of 100% shares in the company of the Czech cider producer F. H. Prager, a business with a ten year of history on the market.

The Kofola Group is buying the 100% share in  Karlovarská Korunní and Ondrášovka

The Kofola Group is buying the 100% share in Karlovarská Korunní and Ondrášovka

The Kofola Group has today signed a working agreement concerning the purchase of 100% shares in Karlovarská Korunní and Ondrášovka companies. This transaction is subject to approval by the Office for the Protection of Competition. The finalization of this transaction is expected in the first half of next year. Both parties have agreed not to publish the amount of this transaction.

The Kofola Group enters the coffee business by  buying Espresso, a well-established Czech company with a turnover of CZK 93 million

The Kofola Group enters the coffee business by buying Espresso, a well-established Czech company with a turnover of CZK 93 million

The Espresso Company has been providing not only the high-grade coffee Café Reserva but also premium Dilmah teas together, with appropriate service and related culture, to the Czech market for more than two decades. The founders of the company, Mr and Mrs Moravec, signed a contract with Kofola to sell 100% of its shares, which is why Espresso has been fully taken under the wings of the Kofola Group. This transaction gives Espresso an owner strong in marketing and distribution, with a sensitive approach towards brands. With this acquisition, the Kofola Group is expanding its offer for gastro customers in other significant categories.The two parties have agreed not to disclose the transaction price.

In June, Kofola achieved highest sales ever. Results from the Adriatic region are pleasing.

Despite the record growth in sales in both the Czech and Slovak Republic, as well as the Adriatic region, the Kofola Group expectedly reported a year over year decrease of 3.8% in the first half of the year. EBITDA declined by 32.1% year over year.

Kofola has grown in the Czech Republic, Slovakia and the Adriatic  region. Continued investment in a healthy lifestyle.

Kofola has grown in the Czech Republic, Slovakia and the Adriatic region. Continued investment in a healthy lifestyle.

Kofola’s revenues stagnated last year. The EBITDA economic indicator reached EUR 36 million yet decreased by 10.7%. The company performed well on the CzechoSlovak market as well as, growing strongly again in the Adriatic region. Despite the previously announced decrease in Poland, the company y has succeededs in building new pillars. The Kofola Group reaffirms a clear direction towards healthy natural foods and their share in total sales is growing sharply.

Kofola extending portfolio of healthy food products into the Polish market

The Kofola Group has signed an agreement for the purchase of 100% of share in the Premium Rosa company. Kofola has been closely observing market trends related to an increase in the demand for healthy food. In response to consumers’ needs and preferences and broad perspectives for development in the healthy food sector, Kofola has decided to buy the Premium Rosa company. Th acquisition includes taking over 100% of the company’s shares.

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