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Higher revenues, but also a decline in energy and key inputs helped Kofola to deliver a strong first quarter
Business

Higher revenues, but also a decline in energy and key inputs helped Kofola to deliver a strong first quarter

The beverage family, which completed two interesting acquisitions in the first quarter, has a busy start to the season. The company has launched the functional mineral water Korunní in a can and also new children's drink Jupík SPARKY. In view of the overall positive outlook, the company decided to submit a proposal to the General Meeting to approve a dividend of CZK 13.50 per share before tax. The EBITDA outlook for 2024 remains unchanged for the time being.

Kofola confirmed a very good result of last year with EBITDA operating profit of 1.25 billion crowns
Business

Kofola confirmed a very good result of last year with EBITDA operating profit of 1.25 billion crowns

In its annual report, the Kofola Group confirmed the preliminary results published in February. The EBITDA guidance for 2024 remains in the range of CZK 1.55 - 1.80 billion with management estimating revenue growth of 25%.

Kofola's results slightly exceeded expectations. UGO became the rising star of the year
Business

Kofola's results slightly exceeded expectations. UGO became the rising star of the year

The Kofola Group published its preliminary results for 2023 and confirmed that it has reached the upper limit of the announced EBITDA target of EUR 52.2 million. Kofola's sales grew by 10% compared to the previous year and reached EUR 362.0 million.

Based on released third quarter results, Kofola Group managed to cope with a drop-in sales volume
Business

Based on released third quarter results, Kofola Group managed to cope with a drop-in sales volume

The domestic beverage company has published its results for the first nine months of this year. It has successfully managed to strike an economic balance between falling consumption, rising costs and necessary profitability. The good weather and especially the popularity of Kofola on draught with its original herbal recipe contributed to the sales in the key summer season. The very positive development trend of the UGO division, which focuses on selling fresh juices and healthy meals, also continued.

Kofola is pursuing other traditional brands. With the announced acquisition, Kofola wants to enter the beer segment with a regional presence
Business

Kofola is pursuing other traditional brands. With the announced acquisition, Kofola wants to enter the beer segment with a regional presence

Kofola ČeskoSlovensko is buying a majority stake in Pivovary CZ Group, which develops the traditional beer brands Holba, Zubr and Litovel. The beverage family can thus enter another category at the regional level in which it can use its business, distribution and marketing know-how. Completion of the transaction, which is subject to the approval of the competition authorities, is expected early next year.

Kofola becomes owner of apple orchards in the Czech Republic and co-owner of coffee plantations in Colombia
Business

Kofola becomes owner of apple orchards in the Czech Republic and co-owner of coffee plantations in Colombia

After being heavily involved in growing and processing herbs, family-owned beverage company Kofola has decided to expand its scope to include other beverage ingredients. It will cultivate an apple orchard on nearly 60 hectares in the Úsovsko region, with the aim of growing a special variety of apples needed for cider production in the Czech Republic. In Colombia, Kofola is moving towards co-ownership of 230 hectares of coffee plantations.

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.

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