Sales at Pepsi’s Hungarian subsidiary’s jump in 2014
Following restructuring and cost-cutting measures in 2014, Pepsi’s Hungarian subsidiary FÁÜ Zrt.’s main profile became wholesale and the company increased its sales revenue in 2014 while reporting a net loss of HUF 1.4 bln – the same as a year ago – and decreasing the operating loss by HUF 200 mln, online business portal napi.hu reported yesterday.
In the same period, sales revenue at Pepsi’s main competitor Coca-Cola improved only slightly, but still remain 4.7 times higher than those at Pepsi. Coca-Cola HBC Magyarország Kft.’s profit jumped to HUF 3.4 bln, three times higher than the previous year.
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