Vliv akviziční strategie na finanční výkonnost a tržní hodnotu společnosti Kofola ČeskoSlovensko a.s

This bachelor’s thesis examines the development of the financial performance and market value of Kofola ČeskoSlovensko a.s. between 2020 and 2025, with a focus on the impact of its acquisition strategy. The aim of the thesis is to identify and evaluate the main factors that influenced the company’s financial results and share price development and to assess the importance of acquisitions in this process. The analysis covers the external and industry environment, the development of the acquisition strategy, financial performance, cash flows, indebtedness and the company’s market valuation. The results indicate that the increase in the share price was supported primarily by significant growth in profitability rather than by a long-term expansion of valuation multiples. Acquisitions contributed to the company’s growth and business expansion mainly towards the end of the analysed period, while at the same time increasing its investment requirements and indebtedness. The sustainability of further growth therefore depends mainly on the company’s ability to translate the investments made into higher cash flows and gradually reduce its financial leverage.