Zwack: Over 10% Growth in the 2022-23 Financial Year

The general meeting of Zwack Unicum Plc. decided to pay a dividend of HUF 1,700 (about 9.5%) per share, totaling HUF 3.460 billion, the company announced on the website of the Budapest Stock Exchange (BSE) on Wednesday.

At Wednesday's meeting, shareholders approved the company's financial statements for the 2022-2023 financial year.

Zwack Unicum Plc's gross turnover was HUF 35.364 billion in the financial year from April 1, 2022 to March 31, 2023, an increase of 10.7% compared to the previous year.

Net sales (excluding income tax and public health product tax) increased by 15.8% to HUF 21.215 billion. Domestic sales increased by 14.2%, of which net sales of own-produced products increased by 12.1% to HUF 12.937 billion.

Sales of premium products rose by 11% and sales of quality products by 16%.

Export turnover reached HUF 2.337 billion last year, up 10.4% on the previous year.

The operating profit was HUF 3.868 billion, HUF 215 million higher than the previous year, while the profit after tax rose by 7.8% to HUF 3.448 billion.

For the 2023-2024 financial year, the company expects a net profit of HUF 2 billion "in the current uncertain and constantly changing market environment."

Zwack Unicum Plc. is owned 50% plus 1 share by a joint venture between Zwack and the Underberg family, 26% of the shares are held by the Diageo Group, and the remaining shares are held by around 2,900 institutional and private investors.