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Plzensky Prazdroj financial results for the fiscal year

16 May 2008

Highlights

  • Revenues from main activities increased by 8.8 % to CZK 15.68 billion
  • Net income after taxation for the accounting period increased by 12%, reaching CZK 3.88 billion

In the fiscal year ending on 31 March 2008, Plzensky Prazdroj, a. s. confirmed its position as the leading Czech producer and exporter of beer. Income for sales of goods, own products and services has increased by 8.8% to CZK 15.68 billion and the net income has reached CZK 3.88 billion. Plzensky Prazdroj is one of the leading contributors to the Czech economy, having paid a total of CZK 4.25 billion in taxes during the past fiscal year.

Mike Short, Chairman of the Board of Directors and Managing Director of Plzensky Prazdroj, a. s., emphasized in his comment to the financial results two key areas, export and the growth of market value. “The Czech Republic is a stable and saturated market. Therefore we continued in our strategy to increase the value of the beer market by providing better customer service, nurturing the Czech beer culture and supporting the premium beer segment. Also our export focus continued its solid momentum achieving full year export volume growth of 14 %. Sales of our brands abroad were supported by marketing campaigns and contributed to the ongoing enhancement of the Czech beer image, its presentation and consumption.”

In terms of volume, our foreign beer sales through export and licensed production, increased by 6 % year-on-year, whereas domestic sales volume increased by almost

1 %. On the domestic market we focused on building our value share. In the premium segment Pilsner Urquell recorded a growth of 3 % and Kozel 11° was up by almost 50%. In the third consecutive year non-alcoholic Radegast Birell recorded a double-digit growth of 44%. The shift of consumers to more premium offerings has resulted in the decline of the lower priced brands Klasik and Primus by 8%.

The results were influenced by continued capital investments into operations aimed at capacity increase and export growth. In the last twelve months Prazdroj invested CZK 2.77 billion into business development, which is the second highest amount in one fiscal year since the SABMiller entry into the Czech market. More than one third of this sum was spent on capacity increase projects in Prazdroj breweries. The remainder was spent mainly on packaging modernisation.  SABMiller has, since 2000, invested CZK 14 billion into the development of the company and its brands.

Financial Indicators Year ending on
31 March 2008
(CZK thousand)
Year ending on
31 March 2007
(CZK thousand)
Income for sales of goods, own products, and services 15,684,650 14,418,766
Net profit for the accounting period after taxation 3,882,196 3,464,574

Notes for Editors

Plzensky Prazdroj, a. s. is a major beer producer in the region and the largest exporter of Czech beer.
Plzensky Prazdroj, a. s., is a member of the SABMiller plc global group. Pilsner Urquell is the international flagship of the SABMiller brand portfolio.

SABMiller plc is one of the world’s largest brewers, with brewing interests or distribution agreements in over 60 countries across six continents. The SABMiller brand portfolio consists of international brands such as Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as almost 200 other successful regional and national brands.

Contact

Jiří Mareček
Spokesman
Plzeňský Prazdroj
724 617 219

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