Poland/Enterprises/Beverages
Warsaw (Puls Biznesu) – Kompania Piwowarska (KP) brewery has announced its yearly financial result for the year ended last March. The company had a net income of over PLN 440 million (EUR 100.3 million), PLN 35.5 million more than a year before. Sales exceeded PLN 2.65 billion.
In 2003, KP sold 0.1 million hectolitres of beer. Till the end of March 2005, the group plans to exceed 10 million hectolitres despite decrease in beer sales in Poland. According to KP, one of its brands: Zubr has got as much as 5.1 percent of the whole Polish beer market. The sales of Lech, another brand has risen by 30 percent within 12 months. Tyskie, yet another beer produced by KP, has the largest market share in Poland amounting to 15.8 percent, AC Nielsen agency said.
KP is a subsidiary of SABMiller group, second largest beer producer in the world. Jan Kulczyk is one of KP’s shareholders. In the first half of the year, the company sold 4.5 million hectolitres of beer. The sales growth amounted to 7 percent, while at the same time the beer market increased by only 0.6 percent. KP group’s market share amounts to 32.3 percent, worse only to Zywiec (34.5 percent).
(PLN 1 = EUR 0.228)