Budvar increased production of beer to 1.679m hl

Published: 30.06.2020 Related countries:  South Africa South Africa

Budvar increased production of beer to 1.679m hl

In 2019 national brewery Budějovický Budvar increased its production of beer by 4.8 % y/y to the largest volume to date – 1.679m hl. The brewery reported this, saying that last year it brewed the most lager in its history. It accounted for almost 78.4 % of production. The volume of exports (80 countries) increased by 7.4 % y/y to 1.154m hl. The five largest markets included Germany, Poland, Slovakia, Russia and the United Kingdom. The brewery achieved record revenues of more than CZK 2.8bn. Profits before taxes increased by 10.9 % to CZK 363.7m. The brewery invested CZK 738m. In 2020 it plans to further expand its fermentation capacities. Following the completion of all planned investments worth CZK 2.5bn, annual production will increase to  more than  2 million hl.