Czech Beer producer Buvar increased production

Published: 12.07.2021 Related countries:  India India

Budweiser Budvar increased its beer production by 3.06 % y/y to 1.73m hl. It spent CZK 410m on investments and continued to modernize.

Budvar increased production to 1.73m hl In 2020, Budweiser Budvar increased its beer production by 3.06 % y/y to 1.73m hl. It spent CZK 410m on investments and continued to modernize. In its annual report, the company further informed that it increased its net turnover y/y to CZK 3.07bn from CZK 3.0bn. Profit after tax increased to CZK 305m from CZK 278.07m. The launch of the Budvar 33 lager on the Czech market helped it achieve good results. The pandemic created space for higher demand in the off trade segment, which the brewery used mainly in the German market. The share of sales of bottled beer predominates there.

Source: www.cianews.cz

Zpracoval kolektiv pracovníků zahraniční kanceláře Czechtrade Bengalúru.