Kofola Group Sales Down 4% In First Half Of 2017
Czech beverage firm Kofola Group has reported a 3.8% drop in sales to CZK 3.37 billion (€128.8 million) in the first half of 2017, while profit also decreased to CZK 50 million (€1.91 million).
The result was impacted by a drop in sales in Poland to CZK 656 million, while the company reported a 5.7% growth in sales in the Czech Republic and Slovakia (CZK 2.17 billion) and the Adriatic region (CZK 544 million).
The company says that it has made some positive progress in the first half of the year, with successful acquisitions, an increase in efficiency of its factories, and the acceleration of internal processes.
Last month, Kofola acquired Premium Rosa, a Polish company that specialises in natural products such as syrups, juices and preserves, developed from natural ingredients based on traditional recipes.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine