Nov 12, 2019 / 08:30AM GMT
Operator
Ladies and gentlemen, welcome to Kofola's 2019 Third Quarter Results Conference Call. I will now hand you over to Mr. JakubÃk, Group CFO. Please go ahead.
Pavel JakubÃk - Kofola CeskoSlovensko a.s. - Group CFO & Director
Thank you. Good morning, ladies and gentlemen. Generally, in soft drink business, the sales peak appears in the second and third quarter of the year due to the increased consumption in the spring and summer months, with third quarter being the most important.
Kofola Group's third quarter results were very positive and compensated for our performance from second quarter caused by very cold and rainy May. In 9 months 2019, Kofola group reports revenues of CZK 4.893 billion, which means growth of 3.6%, while third quarter revenues recorded even higher growth by 3.9%.
The growth of revenues in 9 months was visible in all business segments, mainly in Adriatic region. The gross profit margin of 48% remained stable in 9 months, while reaching even 51.4% in third quarter 2019, being higher by 1 percentage point
Nine Months 2019 Kofola CeskoSlovensko as Earnings Call Transcript
Mar 01, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers