Żywiec with PLN 4.5 mln net profit in Q1
19:42
WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 4.51 million net profit in Q1, down by 83.8 percent y/y. Revenues amounted to PLN 604.45 million, down by 2.2 percent. “Despite unfavorable weather and market conditions, we consistently implement our strategy of value creation. In the first quarter of 2018, we again increased revenues from each hectoliter of beer (by 3.4 percent y/y) and revenues in the premium brands segment, which was contributed by, among others, a new offer of non-alcoholic beers,” CEO Guillaume Duverdier said.
