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September 01, 2015 11:55 PM ET

Beverages

Company Overview of Budejovický Budvar, n.p.

Company Overview

Budejovický Budvar, n.p. engages in brewing, distributing, and selling beers in the Czech Republic and internationally. It provides lager, non-alcoholic, and special beers. The company offers its products through distributors, as well as through its sales centers and restaurants in the Czech Republic. It exports its products to Germany, the Great Britain, the Slovak Republic, Austria, Switzerland, the United States, Canada, Italy, Hungary, and Ireland. The company was founded in 1967 and is based in Ceske Budejovice, the Czech Republic.

Karolíny Svìtlé 4

Ceske Budejovice,  370 21

Czech Republic

Founded in 1967

Phone:

420 38 7705111

Fax:

420 38 7311135

Key Executives for Budejovický Budvar, n.p.

Budejovický Budvar, n.p. does not have any Key Executives recorded.

Budejovický Budvar, n.p. Key Developments

Budejovický Budvar Reports Earnings and Production Results for the Year 2014

Budejovický Budvar reported earnings and production results for the year 2014. For the year profit of the company fell CZK 18.44 million to CZK 307.399 million. Revenues grew by some 6.5% to a record CZK 2.34 billion. For the year output of the company increased 2.5% to a record 1,457,782 hectolitres of beer and the brewery reached the limit in the use of production capacity.

Budweiser Budvar Reports Operating Results for the Year 2014

Budweiser Budvar reported sales of 150 million litres of beer in 2014, an increase of 2.5% on 2013. More than half the production was exported, mostly to Austria and Germany, with new markets opened last year in Thailand, Kenya and the Republic of Congo.

Czech Government Denies Plans To Sell Budvar

Czech agriculture minister said, they have no plans to sell Budejovický Budvar, n.p. Marian Jurecka, in charge of Budvar, said in a interview with Associated Press, he can see no reason to consider Budvar's sale. Budvar is in profits despite of the economic downturn.

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