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.
The Kofola Group has sustained its strong position even in one of the most difficult quarters it has ever faced. From the 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 the Ondrášovka and Korunní companies, leading to a rise in its market share of Czech retail. The management of Kofola is expecting the whole market to gradually start reawakening, and yet, in the event of swings, the Group has sufficient resources to overcome difficult times.
In spite of the current situation, the Kofola Group was able to keep 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 measures against the spread of COVID-19 in all countries it operates in, which 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.
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 widens its portfolio to include Czech mineral water brands and significantly strengthens its position in the category of packaged waters on the Czech market. With this acquisition, Kofola takes over the distribution network, liabilities, receivables and all employees. Both parties have previously stated that the transaction price will not be disclosed.
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.
Fresh products sold under the UGO brand, LEROS herbs or premium coffee Café Reserva. Kofola has been gradually buying its admission cards to enter, by some, unexpected areas. Now it has set on a journey to the craft cider and soda segment. Kofola ČeskoSlovensko has today announced the purchase of the 100% share in the company of the Czech cider producer F. H. Prager, a business with ten years of history on the market.
The Kofola Group has today signed a framework agreement concerning the purchase of 100% share in companies Karlovarská Korunní and Ondrášovka. This transaction is subject to approval by the Office for the Protection of Competition. The accomplishment of this transaction is expected in the first half of the next year. Both parties have agreed not to publish the value of this transaction.
The Espresso Company has been bringing not only the high-grade coffee Café Reserva but also premium Dilmah teas together with appropriate service and 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 the shares, which is why Espresso is now fully under the wings of the Kofola Group.This transaction gives Espresso an owner strong in marketing and distribution, with a sensitive approach to brands. With this acquisition, the Kofola Group is expanding its offer for gastro customers with other significant categories.The two parties have agreed not to disclose the transaction price.
Despite the record growth in sales in both the Czech and Slovak Republic and the Adriatic region, the Kofola Group expectedly reported a year-on-year decrease of 3.8% in the first half of the year. EBITDA declined by 32.1% year on year.
Kofola’s revenues stagnated last year. The EBITDA economic indicator reached EUR 36 million and decreased by 10.7%. The company performed well on the CzechoSlovak market, growing strongly again in the Adriatic region. Despite the previously announced decrease in Poland, the company succeeds in building new pillars. Kofola Group reaffirms a clear direction towards healthy natural foods and their share in total sales is growing sharply.
The Kofola Group signed an agreement for the purchase of 100% of share in the Premium Rosa company. Kofola has been observing closely 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 decided to buy the Premium Rosa company. Th acquisition includes taking over 100% of the company’s shares.
The main season was a success for Kofola, the sales in the third quarter grew by 3,2 % and the EBITDA by 5,8 %. And all that despite the coldest September in the last decade. In nine months, Kofola’s year-on-year revenues in Czechia and Slovakia have increased by 3,6 %. The company also did extremely well in the Adriatic Region where its sales increased by excellent 23,7 %.