Czech Republic · Delayed Price · Currency is CZK Kofola CeskoSlovensko a.s. Earnings Call Transcripts
Fiscal Year 2025
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2025 results slightly exceeded expectations due to lower Q4 costs, with strong dividend guidance and a positive start to 2026 as volumes rose 8%. Key risks include PET price inflation, but management expects to meet 2026 targets.
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Q3 2025 EBITDA was flat year-over-year at CZK 725 million due to cost savings, but full-year EBITDA guidance was lowered to CZK 1.75 billion amid weak consumer sentiment and export declines. Leverage is expected at 3x EBITDA, with stable dividend outlook and continued investment in new products.
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Second quarter results showed continued declines in sales and profitability, with full-year EBITDA now forecast at CZK 1.9 billion and revenue growth guidance reduced to 1.5%. Beer exports dropped due to Russia's new tax, while the Adriatic region posted solid revenue growth but lower EBITDA.
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Q1 2025 saw a CZK 100 million EBITDA decline, mainly from the Slovak sugar tax, poor weather, and early marketing spend. Management maintains full-year EBITDA guidance, but success depends on a strong summer and cost controls.
Fiscal Year 2024
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Record 2024 results with revenue over CZK 11 billion and EBITDA of CZK 1.85 billion drive a proposed record dividend. Strong growth in Adriatic and beer segments offset Slovak market headwinds from sugar tax. 2025 targets remain on track.