Business News

Lasko Group Plans to Improve Revenues by 4.3% in 2010

Ljubljana, 16 December (STA) - Beverage group Pivovarna Lasko plans to generate EUR 329m in revenues in 2010, which is 4.3% more than the estimated revenues for this year. The planned profit is meanwhile to increase by 20.8% to EUR 41.8m, the core company said in a press release on Wednesday.

In 2010, the group is planning to post earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR 66.9m, which is 6.9% more than the estimates for 2009.

Pivovarna Lasko expect to operate in 2010 with EUR 708m of capital, which is 17.4% less than its capital stood this year before the impairment of investments. The planned financial investments exceed the financial liabilities by EUR 195m.

The group plans to sell next year 4.5 million hectoliters of beverages, which is 0.4% over the estimate for 2009. Beer is expected to account for 42.7% of the sales in 2010, followed by non-alcoholic beverages (29.9%) and water (25.9%).

Core company Pivovarna Lasko is planning to sell more than a million hectoliters of beer and water in 2010, which is up 4.4% compared to the estimated sales for this year.

The company plans to post EUR 85.9m in revenues from sales of products and services in 2010, which is 5.3% more than his year. The planned profit of EUR 18.2m is slightly lower compared to the expected profit in 2009.

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