The Kofola Group has issued its annual report today, confirming preliminary results of 2020 published at the beginning of February. The results were beyond expectations, with 2020 EBITDA reaching 1.03 billion CZK and yearly revenues decreasing by only 3.7%, despite significant market limitations caused by the coronavirus situation. Management of the Kofola Group has confirmed its estimate of EBITDA operating profit for this year of between 1.03 – 1.15 billion CZK, based on this year´s development so far
According to the press release, last year Kofola managed to acquire bio habitat certification for free herb harvesting in the Rajec Valley, where our Rajec spring water comes from. “The aim of this project is to provide protection of underground water resources. We have started cooperating with mayors, farmers, foresters, and small growers, pledging considerate agriculture and a mindful approach to the environment. Along with specialists from Leros, our daughter company, we have started purchasing, growing, and manual harvesting of the herbs that we use to produce our beverages,” comments Jannis Samaras on the pilot project Kofola also plans to develop in other locations.
Moreover, the sustainable activities of the Kofola Group have an impact on the whole life cycle of their products. This involves raw materials, production technologies, and means of transportation, with a special emphasis put on packaging. The aim is to use as little packaging as possible and to make all disposable materials fully recyclable. Kláštorná Kalcia, the first CzechoSlovak water packaged in 100% rPET (recycled plastics), was followed by 0.5 litre Radenska Naturelle mineral water in 2020.
“Our goal is to become a zero waste and carbon neutral company by 2030. We would like to offset the part of carbon print which can´t be directly reduced by planting trees and other green measures”, adds Janis Samaras, CEO. Kofola was already engaged in environmental activities last year, when around 20 000 trees were planted by Radenska in Pomurnje in Slovenia and in Dalmatia, Croatia. Kofola also supported the planting of melliferous trees in Rajecká Lesná and contributed to forest revitalization in the Moravian-Silesian Region.
Source and more information about financial results: kofola.cz
Cover picture: kofola.cz