Sales Rise by 2% at Laško Union, Net Profit up 20%

By , 10 Aug 2020, 11:53 AM Business
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STA, 10 August 2020 - Pivovarna Laško Union, Slovenia's largest brewery, last year generated EUR 156.5 million in net sales revenue, up 2.2% year-on-year, on the back of higher sales in the domestic market. Net profit was meanwhile up by 20% to EUR 24.4 million, shows the annual report published on Monday.

The share of net sales revenue generated in foreign markets in total net sales revenue was 26%, while compared to 2018, the volume sales of beer in the Slovenian market were up by half a percent.

Pivovarna Laško Union's sales in foreign markets last year were up by 4.8% year-on-year, with the growth attributed to higher sales to companies in the Heineken Group, which has been the owner of the Slovenian brewery since 2016.

Director general Zooullis Mina says in the report that the coronavirus epidemic has significantly impacted the company's operations.

The closure of bars, restaurants, hotels and other establishments was followed by an almost 100% drop in sales in the hotel, restaurant and catering industries.

On the other hand, the company, which at the end of 2019 employed 585 workers, recorded no significant drop in sales to shops.

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