July 24, 2014 10:41 AM ET

Beverages

Company Overview of Central European Distribution Corp.

Company Overview

Central European Distribution Corporation, together with its subsidiaries, produces, imports, and sells alcoholic beverages in Poland, Russia, Ukraine, and Hungary. The company offers vodka under the Absolwent, Zubrówka, Zubrówka Biala, Soplica, Bols, Palace, Royal, Green Mark, Talka, Parliament, Zhuravli, Urozhay, and Yamskaya brands. It also imports spirits and wines under the Grant’s Whisky, Campari, Jaegermeister, Remy Martin Cognac, Budweiser, E&J Gallo wines, Carlo Rossi wines, Metaxa Brandy, Sierra Tequila, Teacher’s Whisky, Cinzano, Old Smuggler, Concha y Toro wines, Robert Mondavi, Paul Masson, Label 5 whiskies, and other brands. In addition, the company produces ready-to-drink alco...

3000 Atrium Way

Suite 265

Mount Laurel, NJ 08054

United States

3,380 Employees

Phone:

856-273-6980

Key Executives for Central European Distribution Corp.

Chief Executive Officer and General Director
Age: 44
Executive Chairman of the Board
Age: 52
Chief Financial Officer
Age: 45
Chief Executive Officer of Russian Alcohol Group
President of The Polish Office
Compensation as of Fiscal Year 2014.

Central European Distribution Corp. Key Developments

Central European Distribution Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Central European Distribution Corp. announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales of $140,902,000 against $156,247,000 a year ago. This was primarily due to: impact of foreign exchange translation of $10.7 million, lower Whitehall sales of $11.4 million (net of currency effect), offset by Poland delivering higher net sales of $7.1 million (net of currency effect). Operating income was $3,416,000 against operating loss of $6,595,000 a year ago. Loss before income taxes was $51,334,000 against $76,390,000 a year ago. EBITDA was $5.9 million. Net loss attributable to the company was $51,720,000 against $79,456,000 a year ago. Net cash used in operating activities was $35,235,000 against net cash from operating activities of $9,827,000 a year ago, factoring of accounts receivable in Russia commenced in 2013 resulting in cash brought forward in fourth quarter of 2013 that would normally be collected in 2014, tax cash outflows in first quarter of 2014, mainly excise, settled with the tax office in first quarter of 2014, but incurred at the end of 2013 in relation to increase of inventory levels made in advance of expected excise increase in Poland, Russia and Kazakhstan. Fixed assets, net was $3,325,000 against $2,512,000 a year ago. CEDC's net debt position as of March 31, 2014 of $797.9 million increased by $45.5 million compared to the end of 2013.

Central European Distribution Corp., Q1 2014 Earnings Call, May 15, 2014

Central European Distribution Corp., Q1 2014 Earnings Call, May 15, 2014

Central European Distribution Corp., Q3 2013 Fixed Income Call, Nov 14, 2013

Central European Distribution Corp., Q3 2013 Fixed Income Call, Nov 14, 2013

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