Kofola CeskoSlovensko a.s. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 25, 2022 at 08:26 am
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Kofola CeskoSlovensko a.s. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CZK 2,347.19 million compared to CZK 2,114.04 million a year ago. Net income was CZK 184.29 million compared to CZK 262.14 million a year ago. Basic earnings per share from continuing operations was CZK 8.27 compared to CZK 11.76 a year ago.
For the nine months, sales was CZK 6,064.31 million compared to CZK 5,067.71 million a year ago. Net income was CZK 276.03 million compared to CZK 292.91 million a year ago. Basic earnings per share from continuing operations was CZK 12.38 compared to CZK 13.14 a year ago.
Kofola ?eskoSlovensko a.s. is one of the leading producers of soft drinks in Europe. Net sales break down by family of products as follows:
- soft drinks (38.1%): Kofola, Vinea, Hoop Cola, etc. ;
- bottled waters (33.4%): table water (Radenska and Rajec brands);
- non-carbonated beverages (9.1%);
- syrups (7.7%): Jupi and Paola brands;
- fresh drinks and salads (3.7%);
- other (8%): including energy drinks, isotonic drinks, tea, coffee, juices and smoothies.
At the end of 2021, the group operated 11 production sites located in Europe.
Net sales break down geographically as follows: Czech Republic (54.5%), Slovakia (25.1%), Slovenia (11.4%), Croatia (5.6%), Poland (1.4%) and other (2%).