Szentkirályi, Kékkúti close first year of joint operation with profit

bottleHungarian mineral water bottlers Kékkúti Ásványvíz and Szentkirályi Ásványvíz had income of HUF 15 billion in the first year after their merger, up 13% from the two companiesʼ results in the earlier year, Central European Mineral Water Holding (CEMW), the proprietor of the two organizations told yesterday.

In volume terms, sales  came to 360 million liters of mineral water in 2015, up 14% from last year.

In the meantime, Hungaryʼs mineral water market grew 10.5% in worth terms, as indicated by Nielsen.

CEMW said Kékkúti has ended up gainful again following a few loss making years and Szentkirályi has reinforced its position as a consequence of the incorporation. The company plans  to put a large number of euros in Kékkút, western Hungary, this year, they added.

CEMW was built up in 2015 by Italyʼs Pasquale family, the proprietor of the Karlovarske Mineralni Vody Group, and by Levente Balogh, the proprietor of Szentkirályi Ásványvíz. CEMW Holding procured Kékkúti Ásványvíz in March 2015.