The Slovenia Times

Pivovarna Laško with EUR 33.8M Net Loss in 2013


Operating profit (EBIT) was down 53.6% to EUR 4m, while normalised EBIT was up EUR 1.1m to EUR 10.8m in 2013.

Earnings before income tax, depreciation and amortisation (EBITDA) were down 35.5% to EUR 8.8m. Normalised EBITDA was also up EUR 1m higher than in 2012, amounting to EUR 15.6m.

The brewer paid back long-term liabilities to the tune of EUR 400,000, leaving EUR 2.4m to be paid back. Short-term liabilities also decreased, to EUR 255m on 31 December. It paid back EUR 2.9m to banks, leaving another EUR 213.9m to be paid off.

The management managed to negotiate an extension on loans until 30 April at least, while it is also close to closing negotiations on reprogramming loans by the end of 2016.

Laško sold 633,000 hectolitres of drinks on the Slovenian market, which is up 3% year-on-year. On foreign markets the company managed to increase its sales in terms of volumes by 16% to 384,000 hectolitres. Beer accounted for 95.3% of all sales.

The management of the brewer believes that last year's operations were successful, given the harsh economic conditions. "Pivovarna Laško stood up relatively well to the negative economic conditions."


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