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Martin KlofandaPR Manager and Press Spokesman for the Kofola Group
klofanda@kofola.cz
GSM: (+420) 724 708 034
will be glad to provide you with more information.
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Kofola announces the Group’s results for quarters 1-3 2006: Company’s revenues exceed 2.6 billion crowns
Prague, 26.10.2006 -The domestic manufacturer of non-alcoholic beverages, Kofola Corporation, has announced a three-quarter growth in earnings of 12.3% in comparison with the same period in 2005. During the first nine months of this year, the entire Kofola Group took in altogether 2,662,653,221 crowns for the sale of products and services in Central Europe. Its most significant investment of 2006 is considered to be the takeover of the Czech company Klimo, one of the three largest producers of private label beverages.
On the Czech market, Kofola reached revenues of 1,634,635,594 Kc for the three quarters of 2006. In comparison with the same period of last year, its revenues in the Czech Republic grew by 12.7%. Kofola employed 546 workers in the Czech Republic from January to September, which means a growth of 10.9% in comparison with the end of 2005.
“After ten months, we can state that the positive forecast we had for the year 2006 have been confirmed. At the present time, we are putting the finishing touches on preparations for the winter holidays, which are another key sales period for our company” , Martin Klofanda, PR Manager of Kofola Corporation stated on the results of the first three quarters of 2006.
The Kofola Corporation is building a position for itself as a strong player on the non-alcoholic beverage market in all of Central Europe and took further strategic steps in the expansion of its production capacity in the region. In October 2006, it signed an agreement on the transfer of business shares with the Czech producer of brand-name beverages for store chains, Klimo, s.r.o. Presently, both companies are waiting on approval from the Office for the Protection of Economic Competition, which is required to apply for with regard to Kofola's larger revenues and market share after the planned merger. As long as everything goes as expected, Kofola will become the sole owner during the course of November and Klimo will be incorporated into the structure of the Kofola Group as one of the daughter companies. In such a case, Kofola will have four production plants in Central Europe – two in the Czech Republic, one in Slovakia and one in Poland.
In 2006, the company also crowned its longtime process of restructuring, with its goal the conversion of Kofola into a multi-national corporation with a holding management method. On 1 November, the mother company “Kofola Holding a.s.” will be established with its headquarters in Ostrava, and it will own and manage all the daughter companies of Kofola in the individual Central European countries.
About the Kofola Company
The Kofola Corporation is one of the most significant provider of non-alcoholic beverages in the Central European region. It operates on the market in the Czech Republic and via its branches in the Slovak Republic, Poland and Hungary. The Kofola Group employs altogether more than 1000 people. Kofola a.s. takes pride in the high quality of its brand-name products. Its product portfolio contains the traditional and favorite drink Kofola, the Jupi series of fruit juices, Jupik, Top Topic and the natural spring water Rajec
You can find more information on the company on www.firma.kofola.cz
For further information contact:
Martin Klofanda
PR Manager
Kofola a.s.
GSM: (+420) 724 708 034
Fax: (+420) 554 685 417
