HUNGARY: Sales at Pepsi’s Hungarian subsidiary jump in 2014 | Progresiv

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 1.4 billion forints (4.46 million euros – the same as a year ago – and decreasing the operating loss by 200 million forints (637,000 euros), online business portal napi.hu reported.

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 3.4 billion forints (10.8 million euros), three times higher than the previous year. (www.bbj.hu)