Zwack Unicum Nyrt. Announces Earnings Results for the Third Quarter and First Three Quarters of Fiscal 2020; Provides Sales Guidance for the Fourth Quarter and Earnings Guidance for Fiscal 2020
February 03, 2020 at 01:32 pm EST
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Zwack Unicum Nyrt. announced earnings results for the third quarter and first three quarters of fiscal 2020. For the period, the company announced gross sales was HUF 22,558 million compared to HUF 23,882 million a year ago. Operating income was HUF 2,391 million compared to HUF 3,879 million a year ago. Net income was HUF 1,964 million compared to HUF 3,340 million a year ago. Sales net of taxes was HUF 11,861 million compared to HUF 14,358 million a year ago.
For the third quarter, the company announced gross sales was HUF 10,335 million compared to HUF 11,737 million a year ago. Operating income was HUF 1,542 million compared to HUF 2,497 million a year ago. Net income was HUF 1,304 million compared to HUF 2,211 million a year ago. Sales net of taxes was HUF 5,394 million compared to HUF 7,010 million a year ago.
For the fourth quarter, the company expects increase in sales.
All in all, the management still believes that it is possible to realize the 2019-2020 business plan targets (which foresee over 10% decrease in the net sales; and profit after taxation at HUF 1.4 billion - which is by 46% lower than that in the previous business year).
Zwack Unicum Likoripari es Kereskedelmi Nyrt is a Hungary-based company engaged in the production and distribution of a broad range of alcoholic beverages. The Company's products include liqueurs, herb liqueurs, scotch whiskeys, classic malt whiskeys, hidden malt whiskeys, Canadian whiskeys, American whiskeys, cognac products, rums, fruit distillates, cocktails, vodka, dessert liqueurs, gins, coolers, champagnes, brandy products, red wines, white wines, specialty wines and imported wines. The Company's brand portfolio is comprised of a number of brands, including Unicum, Vilmos, St. Hubertus, Futyulos, Zwack Palinkak, Kalinka, Johnnie Walker and Baileys among others. The Company has a distillery in Kecskemet. The Company has three production plants in Soroksari Road, Dunaharaszti and Kecskemet. As of December 31, 2011, the Company's parent entity was Peter Zwack & Consorten HAG.
Zwack Unicum Nyrt. Announces Earnings Results for the Third Quarter and First Three Quarters of Fiscal 2020; Provides Sales Guidance for the Fourth Quarter and Earnings Guidance for Fiscal 2020