Locked content Grupa Żywiec to buy Namysłów Brewery for PLN 500 

Grupa Żywiec has signed a contract with Chicago Poland Investment Group, LLC regarding the acquisition of 100 percent of shares in Browar Namysłów Sp. z oo for PLN 500 million, the group said. The transaction will be fully financed from external funds. The closing of the transaction and the acquisit...

Locked content Żywiec CEO resigns

The CEO of WSE-listed brewer Grupa Żywiec, Guillaume Duverdier posted his resignation the company informed in a market filing. No reason for his leaving was given. Duverdier said that he will be leaving his post at the end of the year and is recommending Francois-Xavier Mahot to replace him. Grupa Ż...

Locked content Grupa Żywiec may pay PLN 68 mln fine

Grupa Żywiec may have to pay a PLN 68 million fine as a result of control by tax office in Katowice, the company informed. The control referred to the 2013 corporate tax declaration. According to the tax office protocol, Żywiec incorrectly accounted for revenues and costs related to the settlement o...

Locked content Żywiec to pay out PLN 26 per share in 2017 dividend

Beer producer Grupa Żywiec has decided to allocate PLN 256.8 million of its 2017 profit to dividend payouts, which translates into PLN 26 in dividend per share. The remaining PLN 4.9 million of the profit will go to a reserve fund for future dividend payouts. Grupa Żywiec sold 11.2 million hectolite...

Locked content Grupa Żywiec 2017 profit down

WSE-listed beer producer Grupa Żywiec posted a consolidated net profit of PLN 258.55 million for 2017, compared to PLN 272.57 million in 2016, the company stated. Operational profit stood at PLN 333.91 million (compared to PLN 327.88 million in 2016), while consolidated revenue reached PLN 2.23 bill...

Locked content Żywiec with PLN 98 mln net profit in Q3

Beer producer Grupa Żywiec posted consolidated net profit of PLN 97.99 million in the third quarter of this year, compared to PLN 82.46 million recorded in the corresponding period of last year, the company stated. Operational profit stood at PLN 126.02 million (compared to PLN 118.35 million last y...

Żywiec H1 profit inches up

WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 134.8million net profit in H1, up by 3.7 percent y/y. Revenues amounted to PLN 1.13 billion, down by 10.4 percent y/y. In the first six months of the year, Żywiec sold 5.6 million hectoliters of beer, compared to 5.8 million last yea...

Locked content Sfinks to acquire Piwarnia Warki franchise from Żywiec

WSE-listed restaurant operator Sfinks will buy the Piwarnia Warki pub franchise from WSE-listed Grupa Żywiec brewery group for PLN 12 million. The chain includes 67 location, and the deal includes a provision for Żywiec to supply the pubs with beer for 20 years. According to the agreement, Sfinks ha...

Locked content Żywiec with PLN 27.9 mln net profit in Q1

WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 27.91 million net profit in Q1, down by 53 percent y/y. Revenues amounted to PLN 429.38 million, down by 13 percent. “Lower sales and revenue, were due to overall market decrease, and one-off events such as Easter falling on March in...

Locked content Żywiec with PLN 272.6 mln profit in 2016

WSE-listed, Polish unit of Heineken, Żywiec suffered a 8.6 percent year-on-year decrease in net profit to PLN 276.million. Revenues declined by 23.6 percent y/y to PLN 2.39 billion due to the sale of distribution unit Distribev, the company said in a market filing. According to Żywiec CEO Guillaume ...