Budějovický Budvar increases exports by 11.3%

Published: 18.03.2022 Related countries:  Czech Republic Czech Republic

Export of Budějovický Budvar reached a record level in 2021.

Budějovický Budvar brewed a record 1.81m hl of beer in 2021, up 4.6% y/y. Beer revenue totalled CZK 3.17bn. Exports that go to more than 50 countries grew 11.3%. The highest volume of beer went to Germany, Slovakia and England. Because of Covid-19, Budvar’s revenue in the Czech Republic dropped 4.0%. The brewery has 670 employees. Since 2014, the company has contributed CZK 1.8bn to the state budget, according to a report by the Czech Ministry of Agriculture for March 2022. 

Source: ČIA NEWS, March 18th, 2022, www.cianews.cz/en
Compiled by the team of CzechTrade office in Latvia.