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Semi-annual report 2015

In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, Pivovarna Laško, d.d., hereby publishes the following notice:

 

The first half of the year was of special importance for the Laško Group companies. In April 2015, the Pivovarna Laško Sales Consortium, established by the owners of Pivovovarna Laško in late 2014, concluded an agreement with the Dutch company Heineken for the sale of a 51.11% stake in Pivovarna Laško. Before that date, the transaction concluded between Pivovarna Laško and the Czech company Kofola for the sale of Radenska also successfully closed, while in early June, an agreement was concluded between Pivovarna Laško and FMR from Idrija for the sale of the Delo newspaper publishers.

 

Current performance is also sound. In the first half of 2015, Laško Group companies sold slightly less than 1.26 million hectolitres of various beverages, which is slightly above the very ambitious annual plan. The companies continue to focus on foreign markets, on which 416 thousand hectolitres of beverages were sold. In the first half of the year, the companies fulfilled 49.4% of the annual plan.

 

In the first six months of 2015, the Laško Group recorded net sales revenues from continuing and discontinued operations of EUR 111.8 million. Its consolidated operating profit stands at EUR 13.5 million, while the net profit for the period stands at 5.5 million.

 

In the period in question, the Laško Group companies significantly reduced their debt, mostly on account of the closing of the sales process for the shares in Radenska.

 

The following companies are consolidated:

 

- Pivovarna Laško, d. d.
- Pivovarna Union, d. d.
- Jadranska pivovara-Split, d. d
- Vital Mestinje, d. o. o.
- the Delo Group (Delo, d. d., Ljubljana and Izberi, d. o. o., Ljubljana)
- Laško Grupa, d. o. o., Zagreb.

The Semi-annual Report of the Laško Group and Pivovarna Laško, d.d. for 2014 is enclosed.

 


Laško, 17 August 2015                                        Management Board of the Company

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