Q1 2021 Kofola CeskoSlovensko as Earnings Call Transcript
Ladies and gentleman, welcome to Kofola's 2021 First Quarter Results Conference Call. You will now hear a recording of a summary of the group's results presented by group CFO, Martin Pisklak. This will be followed by business insights from CzechoSlovakia and the Adriatic presented by country's CEO Daniel Burys and Marian Sefcovic.
Dear Investors, Martin Pisklak speaking. First quarter is over. Compared to prior year, our group revenues decreased by more than 10%, and EBITDA dropped down by CZK 28 million. Of course, the main reason is COVID pandemic. The biggest drop in revenue experienced Fresh & Herbs business segments, especially UGO fresh bars and south restaurants. On the other hand, very good effect is that in April and May, our revenues grew up by 11% and 23%, respectively.
This is positive message before upcoming main season. But back to the first quarter. First quarter is typically the most off-season period of the year. That's why COVID pandemic took us CZK 39 million
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