Czech Beverage Group KMV Sees Sales Rise 6% Year-On-Year
Czech beverage group Karlovarské Minerální Vody (KMV) has posted a 6% increase in sales last year, to a total of CZK 8.8 billion (€340 million).
The group saw its EBITDA rise by 21% in the period, while the year also saw KMV take over the assets of PepsiCo in the Czech Republic, Slovakia and Hungary, news portal zboziaprodej.cz reported.
Alessandro Pasquale, the group's chief executive, hailed 2018 as an "exceptional year" for the business, in which it has begun to write a "completely new chapter" in its history.
KMV operates 11 production facilities and boasts 2,400 employees across Europe, exporting its products to close to 20 countries.
In Austria, KMV is second in the natural mineral water market and third in flavoured waters, while in Slovakia and Hungary it holds the number one position in mineral waters, zboziaprodej.cz said.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.