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| Czech beer industry posts losses of nearly five billion crowns due to Covid-19 |
| Prag, 04.08.2020 |
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| The Czech beer industry recorded losses amounting to nearly five billion crowns during the period from March until the end of June as a result of the restrictive measures related to the coronavirus outbreak, Martina Ferencová of the Beer and Malt Association announced on Tuesday, citing a survey conducted by the Centre for Economic and Market Analyses (CETA).
During the three-month period, sales of beer in pubs, restaurants and other venues dropped by 55 percent (or 728,000 hectolitres). On the other hand, sales of bottled and canned beer grew over the same period by CZK 794 million.
As a result of the Covid-19 pandemic, sales of Czech breweries dropped by CZK 1.1 billion, while suppliers recorded a loss of CZK 165 million over the period from March until June. Significant losses are also expected in the distribution chain, the CETA survey suggests. According to Mrs Ferencová, the crisis in the beer industry will also have a negative impact on the state budget income.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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