Polish Business News Magazine

Online features

Latest magazine

Latest edition cover

Entries for tag: alcohol

Alcohol distributor sees sales grow

Central European Distribution Corporation (NASDAQ:CEDC) today announced its results for the fiscal year 2008. Net sales for the full year ended December 31, 2008 increased by 38% to $1,647.0 million from the $1,189.8 million reported for the same period in 2007. Operating income increased by 68% to $198.7 million from $118.1 million for the same period in 2007.

Wypijamy wodę za 3 mld złotych

Wypijamy wodę za 3 mld złotych

fot: PAP/Mirosław Trembecki
Wartość sprzedaży wody mineralnej w Polsce może w tym roku przekroczyć 3 mld zł - to 7 razy mniej, niż alkoholi. Jednak rynek wody rośnie - do 2011 roku zwiększy się o co najmniej o 700 mln zł, wynika z analizy Money.pl.

Analitycy różnie oceniają wartość, jaką osiągnie […]

>Tags: alcohol, water

Author: Alan Heath | 04.09.08 | Closed | Trackback

Profits up at CEDC

Central European Distribution Corporation (NASDAQ:CEDC) has announced its results for the first quarter of 2008. Net sales for the three months ended March 31, 2008 increased by 37% to $313.6 million from the $228.2 million reported for the same period in 2007. Operating income increased by 35% to $25.5 million from $18.9 million for the same period in 2007.

CEDC sees sales increase

Central European Distribution Corporation (NASDAQ:CEDC) today announced its results for fiscal year 2007. Net sales for the full year ended December 31, 2007 increased by 26% to $1,189.8 million from the $944.1 million reported for the same period in 2006 and net sales for the fourth quarter increased by 32% to $393.4 million from the $298.1 million reported for the same quarter in 2006. Operating income for the full year ended December 31, 2007 increased by 29% to $118.1 million from $91.6 million for the same period in 2006 and operating income for the fourth quarter increased by 47% to $45.6 million from the $30.9 million reported for the same quarter in 2006.

Improved economy means more alcohol sales

Central European Distribution Corporation today announced that it is raising full year 2008 net sales guidance from $1.26 - $1.36 billion to $1.30 - $1.40 billion, and its full year 2008 comparable fully diluted earnings per share guidance from $2.03 - $2.13 to $2.08 - $2.18. The fully diluted number of shares used to calculate the above per share guidance is 41.0 million.

No drink drive in Consett

Posters written in Polish warning of the dangers of drink driving are being put up in Consett, County Durham, the home town of the owner of Polish Business News.

CEDC rating improves

Central European Distribution Corporation (NASDAQ:CEDC) today announced that Standard & Poor's Rating Services has raised its long term corporate credit rating to B+ from B with a stable outlook. Standard & Poor's stated that the upgrade "reflects the improved profitability of CEDC's operations and the consolidation of the company's position as a distributor in its domestic market". In May 2007 the Company received a similar upgrade from Moody's, which upgraded the Company's corporate family rating to B1 from B2.

CEDC announces Q2 results

Central European Distribution Corporation (NASDAQ:CEDC) today announced its results for fiscal second quarter 2007.

CEDC buys more Bialystok shares

Central European Distribution Corporation (NASDAQ:CEDC) today announced that its wholly-owned subsidiary, Carey Agri, has completed the purchase of 1.06 million shares, or 8.92%, of Polmos Bialystok common stock listed on the Warsaw Stock Exchange. The mandatory buy out was announced in Poland on June 14, 2007 and the price at which CEDC acquired the shares is PLN 103 per share, which is approximately US $ 36.52 per share based on today's exchange rate of PLN 2.82 per US $1.

Moody's upgrades CEDC rating

Central European Distribution Corporation (NASDAQ:CEDC) today announced that Moody's Investor Service has issued an upgrade on the Company's corporate family rating to B1 from B2 with a stable outlook. Moody's cited that the rating "reflects improving operating performance of the company" as well as "strong cash flow characteristics of its production business that enabled the company to reduce leverage."

CEDC sees improved results

Central European Distribution Corporation (NASDAQ:CEDC) today announced its results for fiscal first quarter 2007. Net sales for the first quarter 2007 increased 20% to $228 million from the $190 million reported for the same period in 2006. Operating income increased by 30% to $18.9 million from $14.6 million for the same period in 2006.

Vodka.... from Britain

Russia, Poland, Sweden, Finland all claim it as their national drink. America uses it as their most requested cocktail. The Martini. Now an English vodka has reinvented Vodka and infused it with bubbles, like champagne to make it a "21st" Spirit. O2 Vodka is the world's first Sparkling Vodka and is produced by a special patented process.

CEDC agrees to buy shares

Central European Distribution Corporation (NASDAQ:CEDC) today announced that it has signed a binding preliminary share purchase agreement to acquire 100% of the outstanding shares of a leading Polish distributor of alcoholic beverages. The transaction is subject to Polish Anti-Monopoly Office approval, and other closing conditions.

Drink warning

The government has put forward a proposal to place warning labels on alcoholic products in the same way as it is done with tobacco.

CEDC to sell stock

Central European Distribution Corporation (NASDAQ:CEDC) today announced that it intends to sell up to 1,600,000 shares of its common stock through a public offering in Poland and an international offering by way of a private placement to certain institutional investors in other jurisdictions outside the United States. CEDC may also sell shares in a public offering in the United States. In Poland, the public offering will be directed to qualified investors, within the meaning of Art. 8, Section 1 of the Polish Act of 29 July 2005 on Public Offering and Conditions for Introduction of Financial Instruments into Organised Trading System and on Public Companies and to other investors, each of which will purchase common stock with an aggregate price of at least EUR 50,000.

CEDC take bigger stake in Bialystok

Central European Distribution Corporation (NASDAQ:CEDC) today announced that its wholly owned subsidiary, Carey Agri, has placed an order to purchase 2,536,669 shares of Polmos Bialystok S.A. ("Polmos Bialystok") which were tendered in response to its previously announced tender offer for the remaining shares of Polmos Bialystok. Polmos Bialystok is listed on the Warsaw Stock Exchange. The tender offer was announced on January 16, 2007 and the price at which CEDC is acquiring the shares is PLN 103 (approximately US$ 34.11 per share, based on today's exchange rate of PLN 3.02 for US$1). Following the settlement of today's transaction, the tender is scheduled to close on February 15, 2007. The purchase price for the shares will be financed through borrowings under an existing credit facility.

New tender for Polmos shares

Central European Distribution Corporation (NASDAQ:CEDC) today announced that its wholly owned subsidiary, Carey Agri, will commence a new tender offer for the remaining shares of Polmos Bialystok for PLN 103 per share (approximately $34.33 per share). The tender is for approximately 2.86 million shares which amounts to approximately PLN 294 million (approximately $98.0 million).

Offer improved in vodka deal

Central European Distribution Corporation today announced that its wholly owned subsidiary, Carey Agri, revised the price it is offering in its previously announced tender offer for the remaining shares (4,048,334 shares) of Polmos Bialystok to PLN 91.00 per share (approximately $30.64 per share).

CEDC to sell stock

Central European Distribution Corporation (NASDAQ:CEDC) today announced that it currently intends to sell shares of its common stock through a dual listing on the Warsaw Stock Exchange to be completed within two to five months. CEDC currently expects that the sale would be made through an underwritten public offering in Poland and an international private placement to certain institutional investors outside of Poland. As part of the underwritten public offering, CEDC may also offer and sell its common stock in the United States.

CEDC buys Bols rights

Central European Distribution Corporation (NASDAQ:CEDC) today announced that it has acquired an exclusive license of the rights to Bols Vodka in Hungary for approximately $1.15 million dollars. Bols Vodka is the third-best-selling vodka and the number-one selling premium vodka in Hungary. Net annualized sales of the brand are approximately $805,000. CEDC owns the best-selling vodka in Hungary, Royal Vodka.

CEDC acquires Classic

Central European Distribution Corporation (NASDAQ:CEDC) today announced it has completed the acquisition of Classic, an alcohol distribution company in the northeast of Poland, for approximately $1.3 million in cash. Classic has projected net sales of approximately $14 million for 2006.

Popular Tags

alcohol energy EU food gas Germany Jewish Kaczynski Krakow Nazi office packaging PiS real estate retail Russia UK US vodka Warsaw

Market

GPW		2010.03.18

Currencies

NBP		2010.03.18
USD	2.8083	-1.09%
EUR	3.8684	-0.48%
CHF	2.6657	-0.45%

Weather

partly cloudy

Current weather conditions in Warsaw
Temp:	3°C
Humidity:	87%
Wind:	SW at 9 km/h
Barometer:	30.15" Hg (1021 hPa)
Conditions:	light rain showers

Partners