Kofola's annual report confirms 2022 results, EBITDA at Kc1.11bn

Kofola's annual report confirms 2022 results, EBITDA at Kc1.11bn

Ostrava, North Moravia, April 13 (CTK) - The annual report of soft drinks group Kofola has confirmed the preliminary results released in February, according to which EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to Kc1.11bn last year, 1.6 percent less yr/yr, Kofola told CTK today.

Sales rose by 18.7 percent yr/yr to Kc7.88bn. Kofola considers the results a success.

Rising energy and raw material costs were particularly keenly felt by the group in its key markets in the Czech Republic and Slovakia, where EBITDA fell by 7 percent even though sales rose by 18 percent yr/yr (6 percent in litres sold).

Kofola was very successful in the Adriatic region, with sales up almost 15 percent (eight percent in litres sold) and an improvement in EBITDA of almost 3 percent.

In light of all last year's events, the overall results of the Kofola group are more than good, said financial director Martin Pisklak.

The development in the first quarter of this year was also very positive, but Q1 always has the smallest impact on the annual EBITDA, according to Kofola. "Sales grew by 13 percent yr/yr while the decline in litres sold, which must be expected in this macroeconomic situation, was 8 percent," Kofola said.

Kofola is a leading soft drinks maker in Central Europe. It has 11 plants in five European countries and employs more than 2,000 people. Its product brands include Kofola, Rajec, Korunni, Ondrasovka, Klastorna Kalcia, Jupi, Vinea and Semtex. The group also includes the UGO salad bars, Czech herbal tea maker Leros, Slovenian company Radenska and Croatian mineral water producer Studenac.

Kofola is majority owned by company Aetos belonging to the Samaras family and other Kofola founders, Rene Musila and Tomas Jendrejek.

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