Press Releases

Despite high prices of raw materials and currency exchange rates, the Kofola Group earned in the first quarter of 2012 the net profit for majority shareholders in the amount of PLN 0.8m against PLN 9.7m of loss last year. The consolidated proceeds of the Group increased by 1.5% as compared with the first quarter of 2011.

Resolution No. 290/2012 of the Warsaw Stock Exchange Management Board dated 28 March 2012 concerning setting the first trading day for series A1, A2 and A3 bearer bonds of the company KOFOLA S.A. in the alternative trading system on the Catalyst market.

On 28.03.2012 Kofola S.A. (the Company) has made agreement to acquire 100% of the shares in Steel Invest sp. z o.o. (Ltd.) for the price of 80.080 PLN.

Despite record-breaking high prices of raw materials, aggressive actions of competitors and unfavourable weather conditions in summer, the Kofola Group generated in 2011 the adjusted consolidated net profit for shareholders of the dominant unit in the amount of PLN 27.2 m, which means increase by 92% against 2010. The adjusted EBITDA (operational profit increased by depreciation and adjusted with the effect of one-time events) amounted to PLN 135.7 m.

The winner of the prestigious title, awarded by Ernst & Young, of the Entrepreneur of the year 2011 in the Czech Republic, is Jannis Samaras, President of the Board of Directors and General Director of Kofola S.A. He received the trophy of victory last evening in the Prague Žofín Palace from the Minister of Finances of the Czech Republic, Miroslav Kalousek, and Magdalena Souček, the main partner of Ernst & Young, who has been managing the contest in the Czech Republic since 2000.

The Kofola Group, the manufacturer of such brands as: Kofola, Hoop Cola, Paola, Rajec, Vinea, Jupik or Semtex, despite record expensive raw materials (mainly PET bottle preforms, sugar and isoglucose) and strong competition in the beverage segment, has improved its operating profit during nine months of this year by 9% (from PLN 47.7 million during three quarters of 2010 up to PLN 52.0 million during the comparable period in 2011). Consolidated adjusted net profit due to the Kofola S.A. shareholders amounted to PLN 27.1 million – against PLN 26.4 million a year ago. Net result would have been even higher if it were not for the impact of high exchange rate of EUR, resulting in unrealised foreign exchange differences, charging the third quarter profit.

Kofola Group, which major part is owned by Czech founders, increased consolidated revenues by 19.0% and reduced overhead costs by 3.4%. However, EBITDA decreased by 45.0% due to a high commodity prices.

Kofola Group acquired 100% share in Pinelli, the pioneer producer of energy drinks who entered this segment in the Czech 15 years ago. So far Kofola Group was not active in this segment.

Despite difficult market situation (high unemployment rate, aggressive promotions of competitors, increase of material prices) and unfavorable weather conditions, Kofola Group reached adjusted consolidated net profit assigned to shareholders of parent company in amount of 12.6 million PLN in 2010. Adjusted EBITDA (operating profit adjusted for depreciation charges and impact of one-off non-recurring accounting transactions) amounted to 114.3 million PLN.

Kofola Group ended the first half of 2010 noting a slight increase in consolidated net profit attributable to shareholders of the parent company from PLN 8.7 million to PLN 10.0 million.