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 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

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.

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.

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.

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

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.

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.

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.

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