CEDC Central European Distribution Corporation featured news, full reports, and detailed charts
Central European Distribution Corporation (CEDC) Wrap Up:
We are Central Europe’s largest integrated spirit beverages business. We produce vodka at two distilleries in Poland and are the largest distributor of alcoholic beverages with a country-wide distribution network. We are also a leading importer of spirits, wine and beer in Poland. Our products are also exported out of Poland. Since July 2006, we have been expanding our importation and distribution capabilities outside of Poland through Bols Hungary. Measures of our revenue, profit and total assets can be found in our consolidated financial statements. In addition, measures of our revenue and long-lived assets, broken down by geographic region, can be found in Note 20 to our consolidated financial statements. Our Competitive Strengths Leading national distributor of alcoholic beverages in Poland. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001193125-08-042966.html#FIS_BUSINESS"www.ced-c.com
4,533 Employees
Founded in 1990
Central European Distribution Corp. (CEDC:NASDAQ)
LAST $30.56 USD
CHANGE TODAY +0.11 0.36%
VOLUME 1.3M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Central European Distribution Corp. (CEDC)
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OPEN
$30.16
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PREVIOUS CLOSE
$30.45
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DAY HIGH
$31.22
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DAY LOW
$30.15
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52 WEEK HIGH
10/19/09 - $36.41
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52 WEEK LOW
03/3/09 - $5.97
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MARKET CAP
2.1B
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AVERAGE VOLUME 3 mo
1.1M
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DILUTED EPS TTM
$1.21
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SHARES OUTSTANDING
68.5M
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CEDC Does Not Pay Dividends
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P/E TTM
25.2x
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related news
Central European Distribution prices stock offer
AP Digital - 11/19/2009 10:24 AM ET
CEDC Top Compensated Officers
Mr. William V. Carey
Chairman, Chief Executive Officer and Preside...
Age: 44
Total Annual Compensation: $645.9K
Mr. Christopher Biedermann
Chief Financial Officer, Principal Accounting...
Age: 41
Total Annual Compensation: $347.3K
Mr. Evangelos Evangelou
Chief Operating Officer and Vice President
Age: 41
Total Annual Compensation: $439.0K
Mr. James Archbold
Vice President, Secretary and Director of Inv...
Age: 48
Total Annual Compensation: $210.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Central European Distribution Corp. (CEDC)
Central European Distribution Corp. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 4, 2009).
11/4/2009
Central European Distribution Corp. expected to Report Fiscal Year 2009 Results on March 1, 2010. This event was calculated by Capital IQ (Created on November 4, 2009).
Central European Distribution Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009 ; Provides Earnings Outlook for Full Year 2009 and 2010
11/3/2009
Central European Distribution Corp. announced its unaudited consolidated earnings results for the third quarter of 2009. Net Sales for the three months ended September 30, 2009 were $390.1 million as compared to $452.4 million reported for the same period in 2008, which represents a decline of 14% driven primarily by the 35% average devaluation of its primary functional currencies as well as the effects of consolidation of the Russian Alcohol Group in 2009. The company announced net income on a U.S. GAAP basis for the quarter was $47.1 million or $0.80 per fully diluted share, as compared to net loss of $0.73 million or $0.02 per fully diluted share, for the same period in 2008. On a comparable basis, CEDC announced net income of $27.15 million, or $0.49 per fully diluted share, for the third quarter of 2009, as compared to $40.52 million, or $0.88 per fully diluted share, for the same period in 2008, which represents a 33% decline in net income for the period driven primarily by the 35% average devaluation of its primary functional currencies described above. Operating income for the period was $34.8 million against $52.8 million for same period a year ago. For nine months, the company reported net income attributable to company was $173.2 million or $3.19 per diluted share on net sales of $970.1 million against net income attributable to company was $63.7 million or $1.45 per diluted share on net sales of $1.2 billion for same period a year ago. Operating income for the period was $302.3 million against $121.2 million for same period a year ago. Net cash provided by operating activities for the period was $94.7 million against $46.7 million for same period a year ago. Investment in fixed assets for the period was $8.2 million against $15.7 million for same period a year ago. The company reconfirms its full year 2009 net sales guidance of $1.58 - $1.70 billion and its full year comparable fully-diluted earnings per share guidance of $2.35 - $2.50. Range for GAAP fully diluted EPS for 2009 is to be in the range of $4.14 - $4.28. The Company also reconfirms its full year 2010 net sales guidance of $1.80-$2.00 billion and its full year comparable fully-diluted earnings per share guidance of $3.00-$3.15. Range for GAAP fully diluted EPS for 2010 is to be in the range of $2.67 - $2.81.
Central European Distribution Corp., Q3 2009 Earnings Call, Nov-04-2009
10/28/2009
Central European Distribution Corp., Q3 2009 Earnings Call, Nov-04 2009
CEDC Competitors
| Company | Last | Change |
| Brown Forman Corp | $50.91 USD | +0.45 |
| Castle Brands Inc | $0.31 USD | -0.01 |
| Liquor Group Wholesale Inc | $0.18 USD | 0.00 |
| 611.00 RUB | +1.00 | |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CEDC | Industry Range |
| Price/Earnings | 17.0x |
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| Price/Sales | 1.2x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | 20.3x |
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| TEV/Sales | 0.4x |
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CEDC |
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CEDC transactions
| Type Date |
Target |
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Private Placement
November 12, 2009 |
-- |
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Merger/Acquisition
November 9, 2009 |
Russian Alcohol Group |
More Recent News About Central European Distribution Corporation
More news for CEDC
Central European Distribution Corporation Announces Public Offering of Common Stock
BALA CYNWYD, Pa., Nov. 12 /PRNewswire-FirstCall/ -- Central European Distribution Corporation (Nasdaq: CEDC - News; "CEDC" or the "Company") today announced that it has commenced a public offering (the "Offering") of 9,500,000 shares of its common stock. The underwriters have been granted an option by the Company to purchase up to an additional 950,000 shares. Concurrently with the Offering, CEDC is proposing to offer approximately $870.0 million aggregate principal amount of U.S. dollar and euro-denominated senior secured notes due 2016 (collectively, the "Senior Secured Notes") in an offering to institutional investors that will be exempt from registration under the U.S. Securities Act of 1933, as amended. The completion of the Offering is not conditioned upon the completion of the concurrent offering of Senior Secured Notes. However, the completion of the concurrent offering of Senior Secured Notes is conditioned upon the completion of the Offering.The Company intends to use the net proceeds from the Offering and the concurrent offering of our Senior Secured Notes to purchase the remaining equity interests in Russian Alcohol Group ("Russian Alcohol") from funds managed by Lion Capital LLP, to repay all amounts outstanding under the Russian Alcohol credit facilities and to call for redemption all of the Company's outstanding senior secured notes due 2012 and to repay amounts outstanding under an existing credit facility at one of the Company's operating subsidiaries.Jefferies & Company and UniCredit CAIB S...Click here to read the whole Article (external link)
Central European Distribution Corporation to Offer Senior Secured Notes
BALA CYNWYD, Pa., Nov. 12 /PRNewswire-FirstCall/ -- Central European Distribution Corporation (Nasdaq: CEDC - News; "CEDC" or the "Company") today announced it proposes to offer, through a newly formed, wholly-owned subsidiary of the Company (the "Issuer"), approximately $870.0 million aggregate principal amount of U.S. dollars and euro-denominated senior secured notes due 2016 (collectively, the "Senior Secured Notes") in an offering to institutional investors (the "Senior Secured Notes Offering") that will be exempt from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Concurrently with the Senior Secured Notes Offering, CEDC is proposing to offer 9,500,000 shares of common stock (or a total of 10,450,000 shares if the underwriters in that offering exercise their option to purchase additional shares in full) in an underwritten public offering under the Securities Act. The completion of the Senior Secured Notes Offering is conditioned upon the completion of the concurrent common stock offering. However, the completion of the concurrent common stock offering is not conditioned upon the completion of the Senior Secured Notes Offering.The Company intends to use the net proceeds from the Senior Secured Notes Offering and the concurrent common stock offering to purchase the remaining equity interests in the Russian Alcohol Group ("Russian Alcohol") from funds managed by Lion Capital LLP, to repay all amounts outstanding under Russian Alcohol's credit facilities, to call for redemption...Click here to read the whole Article (external link)
Central European Distribution to sell stock, notes
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
CENTRAL EUROPEAN DISTRIBUTION CORP Files SEC form 8-K, Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure The information in this report is furnished pursuant to Item 7.01 on this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1933, as amended, if such subsequent filing specifically references this Form 8-K. In connection with a proposed offering of senior secured notes that will be exempt from registration under the Securities Act of 1933, as amended, Central European Distribution Corporation is providing the following information in compliance with Regulation FD. Except as otherwise indicated in this current report on Form 8-K, or as the context may otherwise indicate, in this current report on Form 8-K references to the "Company," "CEDC," "we," "our" and "us" refer to Central European Distribution Corporation in each case with our consolidated subsidiaries. Additional Financial Information We are presenting the additional financial information below because we believe such information is helpful in evaluating the operating performance of CEDC and Russian Alcohol over the twelve-month period ended June 30, 2009. Information is presented for CEDC and Russian Alcohol on a non-consolidated basis with respect to the nine-month period ended March 31, 2009 and on a consolidated basis for the three months ended June 30, 2009, the first quarterly period in which Russian Alcohol's operating results were reported on a consolidated basis with CEDC. The table below presents the following: (1) Selected historical results of CEDC for each of the three-month periods in the nine-month period ended March 31, 2009; (2) Selected historical results of CEDC (including results of Russian Alcohol from April 24, 2009...Click here to read the whole Article (external link)
Central European Distribution raising $870M, buying rest of Russian Alcohol Group
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | ...Click here to read the whole Article (external link)
CENTRAL EUROPEAN DISTRIBUTION CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acqu
Item 1.01. Entry Into a Material Definitive Agreement. As previously disclosed, on July 9, 2008, Central European Distribution Corporation (the "Company") completed an investment with Lion Capital LLP ("Lion Capital") and certain of Lion's affiliates (collectively with Lion Capital, "Lion") and certain other investors, pursuant to which the Company, Lion and such other investors acquired all of the outstanding equity of the Russian Alcohol Group ("RAG") (the "Prior Agreement"). As previously disclosed on the Form 8-K filed by the Company on April 30, 2009, on April 24, 2009, the Company entered into new agreements with Lion to replace the Prior Agreement, which will permit the Company, through a multi-stage equity purchase, to acquire over the next five years (including 2009) all of the equity interests in RAG held by Lion (the "Acquisition"). At the time of the Acquisition, certain indirect minority equity interests in RAG were held by the entities that sold the RAG business to Lion and the Company. A substantial portion of those minority interests subsequently were acquired by Lion/Rally Cayman 6 ("Cayman 6"), a company incorporated in the Cayman Islands that is a holding company for the equity in RAG held by Lion and the Company. The remaining indirect equity interest in RAG that was not held by Lion or the Company (the "Remaining RAG Interest") was held by Kylemore International Invest Corp., a company incorporated in the British Virgin Islands ("Kylemore"). On November 9, 2009, the Company entered into an Agreement (the "Agreement") with Kylemore, Cayman 6, Pasalba Limited, a company incorporated under the laws of Cyprus, and Lion/Rally Lux 1, a Societe Anonyme incorporated in Luxembourg, pursuant to which, among other things and subject to certain conditions contained therein, Kylemore agreed to sell the Remaining RAG Interest to Cayman 6 for consideration consisting of (1) the i...Click here to read the whole Article (external link)
CENTRAL EUROPEAN DISTRIBUTION CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue390,099 362,105 217,892 949,207 Cost of Revenue260,269 242,409 156,730 812,888 Gross Profit129,830 119,696 61,162 136,319 Operating ExpensesResearch Development - - - - Selling General and Administrative(130,565)77,768 40,856 58,738 Non Recurring225,605 (205,296) - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss34,790 247,224 20,306 77,581 Income from Continuing OperationsTotal Other Income/Expenses Net34,791 50,388 (96,382)(145,205)Earnings Before Interest And Taxes69,581 297,612 (76,076)(67,624)Interest Expense10,568 29,208 11,740 4,247 Income Before Tax59,013 268,404 (87,816)(71,871)Income Tax Expense11,584 52,339 (17,564)(4,992)Minority Interest(405)(1,780) - (4,721)Net Income From Continuing Ops47,979 214,738 (88,673)(82,591)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
CENTRAL EUROPEAN DISTRIBUTION CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Item 1.01. Entry Into a Material Definitive Agreement. As previously disclosed, on July 9, 2008, Central European Distribution Corporation (the "Company") completed an investment with Lion Capital LLP ("Lion Capital") and certain of Lion's affiliates (collectively with Lion Capital, "Lion") and certain other investors, pursuant to which the Company, Lion and such other investors acquired all of the outstanding equity of the Russian Alcohol Group ("RAG") (the "Prior Agreement"). As previously disclosed on the Form 8-K filed by the Company on April 30, 2009, on April 24, 2009, the Company entered into new agreements with Lion to replace the Prior Agreement, which would permit the Company, through a multi-stage equity purchase, to acquire over the next five years (including 2009) all of the equity interests in RAG held by Lion (the "Acquisition"). At the time of the Acquisition, certain indirect minority equity interests in RAG were held by the entities that sold the RAG business to Lion and the Company. A substantial portion of those minority interests subsequently were acquired by Lion/Rally Cayman 6 ("Cayman 6"), a company incorporated in the Cayman Islands that is a holding company for the equity in RAG held by Lion and the Company. The remaining indirect equity interest in RAG that was not held by Lion or the Company (the "Remaining RAG Interest") was held by Kylemore International Invest Corp., a company incorporated in the British Virgin Islands ("Kylemore"). As previously disclosed on the Form 8-K filed by the Company on November 16, 2009, on November 9, 2009, the Company entered into an Agreement with Kylemore, Cayman 6, Pasalba Limited, a company incorporated under the laws of Cyprus, and Lion/Rally Lux 1, a Societe Anonyme incorporated in Luxembourg, pursuant to which, among other things and subject to certain conditions and for the consideration contained therein, Kylemore agreed to sel...Click here to read the whole Article (external link)
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