The revenue of the company continues the upward trend that started in 2014 and is headed fast towards RON800 million, its highest level ever. Last year’s revenue was higher than 2008, Romania’s last year of economic boom before the crisis.
This year also came with a rise in consumer spending, which showed in the revenue of the main actors on the market. Romaqua Group, the bottler of the Borsec mineral water, posted 5% growth in the first half, while Coca-Cola HBC said it saw an increase of 7% in revenue in the first nine months.
Market data show single-digit growth of the non-alcoholic ready to drink beverage sales in the first half, driven by the rising consumer spending and incomes.
Quadrant-Amroq Beverages’ net profit, too, increased in the first half, tripling to RON4.9 million.
PepsiCo operates in Romania via two divisions, beverages and snacks. QAB handles the beverages part, while Star Foods EM handles the snacks. PepsiCo has two bottling plants in Dragomiresti (Ilfov) and Covasna, and a snacks plant in Popesti-Leordeni (Ilfov).
(English version by Loredana Fratila-Cristescu)