Kofola CeskoSlovensko a.s. (KOFOL) Earnings Call Transcripts

Kofola CeskoSlovensko a.s.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Kofola CeskoSlovensko a.s. reported revenues of CZK 1.8 billion, reflecting a 3% increase year-over-year, while EBITDA guidance for the full year was maintained at CZK 1.8 billion to CZK 1.9 billion. The company faced challenges in its beer export segment, which saw a 6.5% volume decline, primarily due to geopolitical factors affecting trade with Eastern Europe. Management indicated a positive outlook for the second quarter, expecting improvements in beer exports and overall consumer sentiment.

Reported metrics

Guidance from management

Kofola maintained its EBITDA guidance for 2026 at CZK 1.8 billion to CZK 1.9 billion, indicating confidence in overcoming current challenges despite rising costs.

What management said

Good morning, dear investors. I'm very happy that we can present our promising results for the first quarter of 2026. Generally, I can say that first quarter of this year confirm the last quarter of 2025 when we saw improving consumer sentiment in all the markets where we are present. At the moment, the only weaker segment we have is export in our breweries, still decreasing, export volumes are causing lower revenues...

Dear investors, here is Daniel speaking. Let me comment key moments of top season in Czech and Slovak soft drink market. We missed our goals, and we have to recalculate our year targets. Key factors are known: double-digit drop of Slovak market due to sugar tax implementation, worst weather in last decade and additional surprise, unexpectable negative consumer sentiment, [ stop of ] complaining. Successful launch of ...

What analysts pressed on

Analysts expressed concerns regarding the increased leverage ratio of 3.5x, which could limit financial flexibility for future acquisitions. Additionally, there were worries about the impact of geopolitical tensions on material costs and overall profitability in upcoming quarters.

Main topics on the call

• Revenue Growth — Kofola reported revenues of CZK 1.8 billion for Q1 2026, a 3% increase compared to the previous year. CFO Martin Pisklák stated, "we are still showing some almost 3% growth in revenues, which I think is very solid compar...
• Beer Export Challenges — The beer export segment experienced a significant decline, with volumes down approximately 6.5%. Pisklák noted, "the drop in exports started in January 2025" due to customs issues and geopolitical tensions.
• Acquisition Impact — The acquisitions of ASO Vending and Nobilis Tilia contributed to a 64% increase in sales in Slovakia. However, Pisklák mentioned that Nobilis Tilia's performance was "slightly below the target we had," indicating mixed r...
• Leverage Concerns — Leverage increased to 3.5x EBITDA, up from 3.0x at year-end 2025. Pisklák stated, "Our long-term target is around 2, 2.5x EBITDA from the operational part," highlighting concerns about financial flexibility.

Read the full Kofola CeskoSlovensko a.s. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 24 Kofola CeskoSlovensko a.s. earnings call transcripts on record, spanning March 26, 2020 to June 3, 2026. Based on this history, Kofola CeskoSlovensko a.s. reports quarterly. The most recent call on file is dated June 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KOFOL

Exchange

SEP

Country

CZ

Sector

Consumer Staples

Industry

Beverages

Calls on record

24

First call

March 26, 2020

Most recent

June 3, 2026

Reporting cadence

quarterly