Czech brewer Budvar hits record as people drink more at home

Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the Budweiser brand, increased output to a record last year, when the pandemic saw people drink less in bars and more at home.Budejovicky Budvar NP, a 125-year-old state-owned brewery, said Thursday that its output rose 3 per cent to 1.73 million hectoliters 45.7 million gallons in 2020.The brewers exports were up almost 3.5 per cent last year, director Petr Dvorak said.

Budvar, the Czech brewer that has been in a long legal dispute with U.S. giant Anheuser-Busch over use of the “Budweiser” brand, increased output to a record last year, when the pandemic saw people drink less in bars and more at home.

Budejovicky Budvar NP, a 125-year-old state-owned brewery, said Thursday that its output rose 3 per cent to 1.73 million hectoliters (45.7 million gallons) in 2020.

The brewer's exports were up almost 3.5 per cent last year, director Petr Dvorak said. Budvar sells its beer in some 80 countries and Germany, one of its key markets, grew particularly strongly in 2020. Revenues also hit a record last year, growing 1 per cent from 2.8 billion crowns (USD 130 million) in 2019. It did not release profit figures.

Demand for its beer in tanks and barrels declined last year as bars and restaurants were closed for a long time but Budvar was able to meet rising demand for bottled beer, it said.

The brewer has been expanding in recent years to be able to produce over 2 billion hectoliters of beer a year. That investment made it possible to react to “dramatic” changes on the markets amid the coronavirus pandemic.

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