10/12/2024 16:18
Czech
inflation was unchanged at 2.8% yoy in November. This contrasts with our forecast and the
market consensus that had expected an acceleration to 3.0% yoy, while the
central bank had expected 2.9% yoy for November.
22/11/2024 10:41
As expected, the third quarter was the best-performing in Kofola's history. EBITDA grew +33% yoy to CZK737m on sales of CZK3.4bn (+33% yoy). In addition to strong organic growth supported by good weather, the figures were also boosted by the acquisition of the brewery group. Input prices declined as expected. 3Q24 results beat the net profit consensus by +6.3%. Kofola estimates full-year EBITDA at the high end of the original guidance. In addition, it lowered its leverage target and raised its dividend guidance, with a new expectation of at least CZK13.50.