Kofola plans 51 percent Chachar stake: Kofola stock sits 3.95 percent below its high

Published on 10/18/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kofola announced a 51 percent Chachar stake on September 15, 2026. Kofola stock stood at CZK 510.00 on October 16, 2026, below CZK 531.00.

Operating growth meets acquisition strategy

Kofola announced a 51 percent Chachar stake on September 15, 2026.
First-half revenue reached CZK 5.58 billion, up 10.20 percent year over year.
Kofola stock stood at CZK 510.00 on October 16, 2026, below its CZK 531.00 high.

Kofola, CZ0009000121, Illustration mit AI erstellt.

Kofola (ISIN CZ0009000121) plans to acquire a 51 percent stake in Chachar catering, while Kofola stock stood at CZK 510.00 on October 16, 2026, 3.95 percent below its CZK 531.00 52-week high. The company announced the transaction on September 15, 2026, according to Kofola.

A 51 percent move into catering

Chachar catering is developing a network of pubs through the Chacharova Hasicarna franchise concept. The planned investment extends Kofola's consumer business beyond beverages and adds a hospitality channel to its portfolio.

The transaction followed a strong first half. Kofola reported first-half revenue of CZK 5.58 billion, an increase of 10.20 percent from the prior-year period, while adjusted EBITDA reached CZK 782.00 million, up 16.00 percent, Finex.cz reported on October 12, 2026.

What does 3.35 times debt mean?

The operating improvement has not removed the balance-sheet issue. Finex.cz reported that Kofola's net debt to EBITDA ratio rose to 3.35 times in the first half of 2026 from 2.82 times a year earlier. The same report said adjusted EBITDA margin increased from 13.30 percent to 14.00 percent.

Cash generation provided a counterweight. Free cash flow improved from negative CZK 221.00 million in the first half of 2025 to CZK 233.00 million in the first half of 2026. Net profit still fell 11.10 percent to CZK 132.00 million, as acquisition-related depreciation and financing costs offset the stronger operating result.

Three dated company markers

On September 1, 2026, Kofola's subsidiary completed the acquisition of the Bohemia Healing Marienbad Waters business enterprise through a majority-owned structure. On September 3, 2026, the company reported first-half revenue growth of 7.70 percent and EBITDA growth of 16.00 percent. On September 15, 2026, Kofola announced the planned 51 percent Chachar catering stake.

Stock valuation and next step

Kofola's Prague market capitalization was CZK 10.9 billion as of October 16, 2026. The 52-week range was CZK 446.00 to CZK 531.00, placing the stock near the upper end of its annual band while leverage remains the central counter-factor.

The next investor focus is whether cash generation can support further expansion while debt stays elevated. The combination of 10.20 percent first-half revenue growth and a 3.35 times net debt to EBITDA ratio gives the stock a clear operating and balance-sheet tension.