Finansijska analiza pivarske industrije u Bosni i Hercegovini – postCOVID -19
Financial Analysis of the Brewing Industry in Bosnia and Herzegovina – Post-COVID-19

Summary/Abstract: The subject of the paper is a financial analysis of the brewing industry in Bosnia and Herzegovina. Financial indicators from the group of liquidity, profitability and efficiency were analyzed. The brewing industry contributes 0.8% to the global gross domestic product. The beer market in Bosnia and Herzegovina consists of six breweries and three authorized distributors of world-famous beer brands. Beer sales in Bosnia and Herzegovina in 2024 amounted to 147.7 million liters of beer. For the purposes of the subject research, a sample consisting of five brewing companies operating in the territory of Bosnia and Herzegovina was formed. Of those five brewing companies, four are domestic companies, while one is a foreign company that does not have direct production in Bosnia and Herzegovina, but distributes domestic beer on the market of Bosnia and Herzegovina. The results of the research show that the brewing industry in Bosnia and Herzegovina managed to maintain liquidity in the analyzed period, thanks to the prolongation of the average period of payment of obligations to suppliers, and the shortening of the average period of collection of receivables from customers. Income per employee increased in 2023 as a result of the reduction in the number of employees in the brewing industry of Bosnia and Herzegovina, while at the same time earning less income from sales. A slight increase in solvency risk was recorded, in terms of maintaining long-term liquidity, as a result of the increase in borrowed funding sources.

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