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Kofola has become the owner of a 34% stake in Zahradní OLLA
Business

Kofola has become the owner of a 34% stake in Zahradní OLLA

The beverage company announced in January that it would support the Krnov-based company Zahradní OLLA s.r.o. as part of the development of its incubator focused on startup and sustainable projects. The company produces clay irrigation pots that save water. This year, interest in these products was again greater than could be satisfied. Kofola has decided to become a one-third partner of Zahradní OLLA and to invest about one million crowns in its growth.

The beverage market has seen a decline in consumption. Kofola still manages to maintain its annual EBITDA guidance
Business

The beverage market has seen a decline in consumption. Kofola still manages to maintain its annual EBITDA guidance

Kofola ČeskoSlovensko has published its Q2 results. Profit margin is starting to approach pre-pandemic levels. Despite a decline in the volume of litres sold, it reported EBITDA of CZK 581 million for the first half of the year. New products launched in all markets have won the hearts of consumers. The fresh UGO division continues its growth trend, even breaking into the black at the net profit level in Q2.

Despite market downturn, Kofola manages to stay on plan
Business

Despite market downturn, Kofola manages to stay on plan

Stable energy prices and internal cost discipline, as well as the increasing popularity of UGO fresh juices and healthy meals and LEROS herbal teas, contributed to the good result in the first quarter.

Kofola achieved its annual targets. Fresh and herbal drinks contributed to the success in a difficult economic year
Business

Kofola achieved its annual targets. Fresh and herbal drinks contributed to the success in a difficult economic year

Despite increased energy and raw material costs, Kofola Group achieved an EBITDA operating profit of EUR 45.2 million. This was driven by growing sales in key channels, a record summer season, year-on-year growth in the on-the-go category, and the growing popularity of fresh juices and herbal teas. Kofola has thus confirmed its role as a major domestic producer that is able to achieve stable results thanks to effective management.

Kofola had a record summer. Despite a huge increase in input costs, it is on track to meet its annual targets
Business

Kofola had a record summer. Despite a huge increase in input costs, it is on track to meet its annual targets

The Kofola Group has repeatedly confirmed that it can manage the crisis and maintain financial discipline even in difficult periods. Despite experiencing its strongest ever peak season sales, Kofola had to cope with huge increases in the prices of raw materials, packaging materials and energy. However, it reacted very flexibly and introduced cost-saving measures, which contributed to the fact that it now promises to meet its EBITDA target. The most difficult situation this year is in the Czech Republic and Slovakia, with the Adriatic region and the Group's subsidiaries LEROS and UGO helping to cope with the challenging period.

The Kofola Group's revenues and costs grew significantly in the second quarter of the year. Management has therefore refined the annual EBITDA target.
Business

The Kofola Group's revenues and costs grew significantly in the second quarter of the year. Management has therefore refined the annual EBITDA target.

The positive trend in the development of Kofola Group's sales from the first quarter of the year also continued in the second quarter. Sales in this period exceeded expectations, growing by 23% year-on-year, and reaching CZK 3.717 billion in the first six months - CZK 763 million more than in the first six months of last year, and an all-time record. All parts of the Group experienced good growth: Kofola in the Czech Republic and Slovakia, companies in the Fresh&Herbs segment, and the Adriatic region. However, the high sales growth was accompanied by significantly increased costs, led by energy, material inputs, and salary costs. As a result, the Group's operating profit fell by 19% year-on-year in the second quarter. In view of this development, the Group's management refined its estimate of the annual EBITDA target to CZK 1.080 – 1.150 billion. It will also propose to the General Meeting a slight reduction in the dividend to CZK 11.30 per share.

The first quarter of the year was marked by significant year-on-year sales growth for the Kofola Group
Business

The first quarter of the year was marked by significant year-on-year sales growth for the Kofola Group

The end of the pandemic measures and the opening of the market helped the Kofola Group to a significant year-on-year growth of 30% in sales for the first quarter to CZK 1,506 billion. The fact that this trend started at the beginning of the year and is stable is positive. Sales are matching and, in selected segments, even exceeding the pre-Covid sales of 2019. The Group has offset the significant increase in costs with financial discipline and a partial price increase, which have ensured that it continues to meet this year's financial plans. Based on the year to date, Kofola's management confirmed its original estimate for this year's operating EBITDA in the range of CZK 1,080 - 1,200 billion.

Kofola's annual report confirms the very good result of last year with an operating EBITDA of CZK 1.128 billion.
Business

Kofola's annual report confirms the very good result of last year with an operating EBITDA of CZK 1.128 billion.

In its annual report this year, the Kofola Group confirmed the very good preliminary results published in February. The Group also successfully coped with a second year significantly impacted by the Covid-19 pandemic, with an operating EBITDA of CZK 1.128 billion, which means a year-on-year increase of almost CZK 100 million, exceeding the estimate, which was in the range of CZK 1.080-1.120 billion. This is the first time in history that operating profit has reached this level. Despite significant market constraints, especially in the first half of the year, the Group's sales grew by 7.5% year-on-year to CZK 6.636 billion.

Kofola did well last year. Operating EBITDA of CZK 1.125 billion exceeded expectations and returned to pre-pandemic levels.
Business

Kofola did well last year. Operating EBITDA of CZK 1.125 billion exceeded expectations and returned to pre-pandemic levels.

To strengthen its development activities, the company's management is considering the sale of almost 5% of its shares.

Kofola Group has had another record summer. The sales growth is also due to an extremely successful season in the Adriatic region.
Business

Kofola Group has had another record summer. The sales growth is also due to an extremely successful season in the Adriatic region.

Kofola Group has published its results for the third quarter of this year. Sales in this period grew by another CZK 34 million year-on-year, surpassing last year's record result by 1.6%. In the summer months, the Czech and Slovak markets as well as the Adriatic region performed well. The Adriatic region experienced a recovery thanks to the influx of tourists, who were missing last year due to pandemic measures in the region. Operating result EBITDA increased by CZK 81 million year-on-year in the first nine months of the year. As a result, Kofola's management has refined its full-year estimate to a range of CZK 1.08 - 1.12 billion and will propose a dividend payment at the November General Meeting.

Lockdown impacts on Kofola’s results for the first quarter of the year are lower than expected
Business

Lockdown impacts on Kofola’s results for the first quarter of the year are lower than expected

Kofola Group published its financial results for the first quarter of this year after experiencing the biggest market limitation of the pandemic period. For the entire quarter, not only the key gastronomy segment was locked down, but impulse purchases were also limited for part of this period due to free movement between districts being prohibited in the Czech Republic. In comparison with the previous year, revenue fell by only 10.4%, with EBITDA lower by 23.4%, which, in the circumstances, was more than acceptable. For the time being, Kofola’s management affirms its original annual EBITDA guidance at 1.03 to 1.15 billion Czech crowns.

Kofola confirms in its annual report EBITDA operating profit of more than one billion CZK. Group EBITDA should also exceed one billion CZK this year.
Business

Kofola confirms in its annual report EBITDA operating profit of more than one billion CZK. Group EBITDA should also exceed one billion CZK this year.

The Kofola Group has issued its annual report today, confirming preliminary results of 2020 published at the beginning of February. The results were beyond expectations, with 2020 EBITDA reaching 1.03 billion CZK and yearly revenues decreasing by only 3.7%, despite significant market limitations caused by the coronavirus situation. Management of the Kofola Group has confirmed its estimate of EBITDA operating profit for this year of between 1.03 – 1.15 billion CZK, based on this year´s development so far.

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