Business News

Brewery Laško Union ups revenue, profit

Ljubljana, 09 July (STA) - Pivovarna Laško Union, a Slovenian brewery owned by the Dutch company Heineken, ended 2018 with a net profit of EUR 20.3 million, up roughly a third form 2017, on net sales revenues of EUR 153.1 million, a rise of 6.5%.

Net sales revenues rose mostly on account of heftier sales in foreign markets, which accounted for 26% of all sales revenue, up 4 percentage points, the Ljubljana-based company said in Tuesday's press release.

Its operating profit (EBIT) rose by 29% to EUR 27.6 million, whereas normalised EBIT - the operating profit adjusted to remove one-off events - reached EUR 28.6 million.

Director general Zooullis Mina, who has been at the helm of the Slovenian brewer since the spring 2018, labelled the last business year successful.

He noted that 45 investments had been made in the brewery's two production facilities - Pivovarna Union and Pivovarna Laško - and in the logistics segment.

Sustainable development being an integral part of the group's business strategy, Pivovarna Laško Union used 5% less drinking water and 10% less energy to produce a litre of beer in 2018 compared to 2016. What is more, Laško uses only Slovenian-grown hops.

At the end of 2018, Pivovarna Laško Union had a workforce of 596, roughly on a par with 2017.

The group was established in 2016 with the merger of Pivovarna Laško and Pivovarna Union after the two were acquired by Heineken a year earlier.

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