Beer Industry Sees 26% Rise in Profit

Total Croatia News

ZAGREB, August 8, 2019 – Beer producers in Croatia earned 2.47 billion kuna in revenue in 2018, with their consolidated profit totalling 344.9 million kuna, 26% up from 2017, the Financial Agency (FINA) has reported.

In a report based on annual financial reports and published on the occasion of International Beer Day, which this year is marked on August 5, FINA says that in 2018, 88 businesses were active in the industry, of whom 41 operated at a profit.

The beer industry employed 1,622 workers, 5.1% more than in 2017.

The average monthly net salary in the sector was 9,824 kuna, 3% more than in 2017, and it was 75.9% higher than the average monthly net salary in the business sector of 5,584 kuna.

Last year’s exports of the beer industry totalled 312.6 million kuna, an increase of 6.3% from 2017, while imports rose 6.4% to 394.5 million kuna.

Among the 88 producers the highest total revenue, in the amount of 1.1 billion kuna, was earned by the Zagrebačka Pivovara brewery, which was also the biggest exporter.

In 2018 the company had 560 employees whose average net salary was 12,728 kuna.

The brewery earned a profit in the amount of 233.2 million kuna as against 213.8 million kuna in 2017.

Zagrebačka Pivovara is followed by Heineken Hrvatska, with revenues amounting to 723.4 million kuna. Its profit totalled 105.9 million kuna, it employed 321 workers and their average net monthly salary was 13,310 kuna.

FINA also notes that in recent years Croatia has been experiencing a growing trend of craft beer making.

More news about the beer industry can be found in the Business section.


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