As Poslovni Dnevnik/Marija Crnjak writes, the opening of a new larger brewery and catering facility at the Zitnjak location and the return of festival events in Tisno will mark the business of Zagreb’s Garden Brewery for the year 2022, which continues to grow in all business segments, and the biggest growth of all is still being recorded by their burger sales.
During the first half of the year, the Garden Brewery generated total consolidated business revenues of 57.3 million kuna with EBITDA of 6.5 million kuna.
The second quarter marked the start of the brewery working at a new location with significantly expanded production capacities. As is well known, the group consists of The Bird (the brewery), Yellow Submarine (their burgers) and Lula (the festival business).
According to the semi-annual group report, the Garden Brewery’s business results from the second quarter, and the particularly strong realisation of retail locations for the brewery, have secured the growth of operational business revenues.
In the segment of sales, craft beer sales grew by 7 percent, to 11.7 million kuna, while the yellow submarine segment with a revenue of almost 43 million kuna experienced growth of 41 percent.
“Yellow Submarine continued to implement all strategic plans during the second quarter, primarily in terms of preparing and opening new business locations. A new location in Split has been opened and new locations are being prepared for opening in Zagreb, and we’ll continue with that pace over the second part of the year,” they revealed in their report.
With the opening of the new outlet, the only decline was experienced by the Garden Brewery’s online business, which is a logical outcome. During the first half of this year, they earned 20.7 million kuna through the online segment of their overall business, which is a mere 36 percent of the sales revenue generated back during the first half of the 2021.
The group emphasised the challenges of strong inflationary pressures and the growth of production inputs in all segments of the group’s business, beer production, original craft burgers and the production of music festivals.
For more, make sure to check out Made in Croatia.