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 2016, which boosted last year's Q1 sales,” the company said in its financial report. The company announced that it will focus on the premium segment, innovations and strengthening its brands, Żywiec said.