Kofola ČeskoSlovensko reported third-quarter results yesterday after the market closed, marking the strongest quarter seasonally. Revenues grew at a decent pace across all sectors. However, high inflation caused margins to decline. EBITDA were down 10.5% yoy to CZK462m. The numbers are 3.4% above consensus when comparing EBITDA but missed the market estimate on net profit by 2.5%. For the full year, Kofola should reach the lower end of the original guidance. It emerged that, in addition to the high prices of materials, the company is beginning to experience problems with cooling demand. Thus, meeting the target may prove to be a challenge.