Kofola generated CZK 4.8bn in revenues, increased revenues in CR and SR in 3Q

Published: 28.11.2020 Related countries:  South Africa South Africa

Kofola generated CZK 4.8bn in revenues, increased revenues in CR and SR in 3Q

In the first nine months of 2020 Kofola generated CZK 4.83bn in revenues. Operating profits increased by 0.9 % y/y to CZK 454.6m. EBITDA increased by 5.3 % to CZK 905.8m. In 3Q alone it generated CZK 2.08bn in revenues (+11.8 %). Operating profits totaled CZK 399.8m (+37.5 %) and EBITDA reached CZK 556.7m (+27.8 %). Kofola created a reserve for economic fluctuations related to the second wave of the pandemic. General manager Jannis Samaras stated that in the Czech Republic and Slovakia revenues in 3Q increased by 21.4 % y/y. This result was aided by the acquisition of mineral waters Ondrášovka and Korunní. Kofola is also seeing a share increase in the case of mineral water Kláštorná Kalcia, which it is putting into bottles from 100% rPet.