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Kofola CeskoSlovensko (KOFOL) investor relations material
Kofola CeskoSlovensko Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Second quarter of 2025 saw continued declines in sales and profitability, with group revenues at CZK 2.97 billion and EBITDA down 14.2% year-over-year, mainly due to cold weather and new taxes, especially in Czech and Slovak regions.
Revenue for 6M 2025 was CZK 5.07 billion, down 1.1% year-over-year, and EBITDA at CZK 673.8 million, a 21.1% decrease compared to 6M 2024.
Profit for the period fell 47.7% year-over-year to CZK 148.2 million, with net income attributable to shareholders at CZK 125.2 million.
Subsidiaries Radenska Adriatic, LEROS, and UGO achieved year-over-year revenue growth, exceeding targets.
The group remains a market leader in Central and Eastern Europe, with 87% of revenue from countries where it holds a top-two market position.
Financial highlights
Revenue growth guidance for 2025 reduced to 1.5% from previously stated 3%.
Q2 2025 group revenues were CZK 2.97 billion, with EBITDA down 14.2% year-over-year.
Gross margin slightly decreased to 45.3% from 45.6% year-over-year.
Net debt increased to CZK 4.7 billion, with a net debt/LTM adjusted EBITDA ratio of 2.82x.
Free cash flow for 6M 2025 was CZK -528.6 million, with a cash balance of CZK 777.9 million at period end.
Outlook and guidance
Full-year EBITDA is forecasted at CZK 1.9 billion, with guidance narrowed to the lower end of CZK 1.9–2.0 billion.
Revenue and volume in July and August 2025 are expected to decline by 8–12% year-over-year.
Second half guidance implies 9–10% revenue growth and over 20% EBITDA increase, driven by cost savings, normalized weather, and new acquisitions.
Dividend per share for 2025 is set at CZK 21, with an advance payment of CZK 7.50 already distributed.
Dividend policy set as a floor at CZK 13.5 per share, with final decision after full-year results.
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