Better than expected results at Zwack

Zwack’s flash report shows that the company's revenues fell again, due to the unfavorable market trends on the spirits market, but the 1.67 billion HUF after tax annual profit is still 6 percent higher than the forecast of the management.
During the company's business year, the domestic consumption of distilled spirits fell by 4.8 percent. Revenues of Zwack suffered the most in the commercial segment, a 27.5 percent decline occured (the increase of tax burden, can strengthen the black market), but the revenues of quality products only fell by 5.7 percent.
But in the premium segment, that is the most important for the company, however, a 8.6 percent revenue growth could be achieved – portfolio.hu writes.