Company

2010-08-05

CEDC Announces Second Quarter 2010 Results

CEDC today announced its results for the second quarter of 2010. Net sales for the three months ended June 30, 2010 were $175.6 million as compared to $175.9 million reported for the same period in 2009. Operating profit on a comparable basis for the second quarter 2010 was $44.7 million as compared to $36.3 million for 2009.

2010-08-02

CEDC Announces it has Closed its Sale of 100% of its Polish Wholesale Business to Eurocash SA

Central European Distribution Corporation (Nasdaq: CEDC) today announced that is has closed the sale of 100% of its wholesale business in Poland to Eurocash SA for a purchase price of 400 million PLN in cash, on a debt free, cash free basis, subject to potential price adjustments (to be finalized within two weeks from closing). The Company intends to use the proceeds from this sale to pay down existing debt. As previously announced the Company has also executed a six year agreement with Eurocash for the distribution of CEDC's portfolio of own brands and exclusive import brands in Poland. The distribution agreement contains key provisions such as minimum inventory levels, commercial terms including pricing and discounts, and other promotional programs.

2010-07-23

CEDC to Host Its Second Quarter 2010 Earnings Conference Call

Central European Distribution Corporation (NASDAQ: CEDC) will have its second quarter 2010 earnings conference call on August 6, 2010 at 8:30 a.m., Eastern Time. The conference call will be broadcast live over the internet. William Carey, Chairman and Chief Executive Officer, and Chris Biedermann, Vice President and Chief Financial Officer, invite you to listen to their discussion of second quarter 2010 results.

2010-07-07

2010-07-06_CEDC_resignes_of_Nemiroff_transaction.doc

2010-07-06_CEDC_resignes_of_Nemiroff_transaction.pdf

CEDC Announces it Decision not to Pursue the Acquisition of Nemiroff and Updates Potential Use of Proceeds from Previously Announced Distribution Business Sale

Central European Distribution Corporation (NASDAQ: CEDC) today announced that it has decided not to pursue an acquisition of Nemiroff. The net proceeds expected from the sale of the Polish distribution business, which were initially targeted as partial consideration for the acquisition of Nemiroff, are anticipated to be redeployed to maximize return on capital, increase fully diluted earnings per share and/or reduce financial leverage. The Company will consider, among other things, a potential share buyback and/or acceleration of the call option on the remaining equity stake in the Whitehall Group that it does not own. The Company's decision as to the application of such proceeds, and the timing thereof, will be determined by the Company, in its discretion, and will depend upon, among other things, the economic and market conditions and such other factors as the Company considers appropriate.

2010-05-07

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CEDC Announces First Quarter 2010 Results; Updates Full Year 2010 Guidance Incorporating Distribution Spin-Off

Central European Distribution Corporation (Nasdaq: CEDC) today announced its results for the first quarter of 2010. These results reflect the impact of two changes in the Company's financial reporting, which are the reporting of the Company's Polish distribution business as a discontinued operation due to the recent announcement of the sale of the business and the de-consolidation of the Whitehall Group due to the recent accounting change from the adoption of ASC 810, which restricts the consolidation of an entity that is not under the Company's management control. The Whitehall Group, including the Whitehall Joint Venture, are both now accounted for under the equity method. These changes have been applied to the reported Financial Statements in both the current quarter and retrospectively to the comparable periods in the prior year. Further details relating to these changes will be available in the Form 10-Q which is expected to be filed on May 10th, 2010.

2010-04-29

CEDC to Host Its First Quarter 2010 Earnings Conference Call

Central European Distribution Corporation (NASDAQ: CEDC) will have its first quarter 2010 earnings conference call on May 7, 2010 at 8:30 a.m., Eastern Time. The conference call will be broadcast live over the internet. William Carey, Chairman and Chief Executive Officer, and Chris Biedermann, Vice President and Chief Financial Officer, invite you to listen to their discussion of first quarter 2010 results.

2010-04-08

CEDC Announces it has Signed a Binding Agreement for the Sale of 100% of its Polish Distribution Business to Eurocash SA for 400 million PLN

Central European Distribution Corporation (NASDAQ: CEDC today announced today that is has signed a binding agreement for the sale of 100% of its distribution business in Poland to Eurocash SA for a purchase price of 400 million PLN in cash, on a debt free, cash free basis, subject to potential price adjustments (if any) and Polish anti-trust approval. In addition, the Company has signed a six year agreement with Eurocash for the distribution of CEDC’s portfolio of own brands and exclusive import brands in Poland. The distribution agreement contains key provisions such as minimum inventory levels, commercial terms including pricing and discounts, and other promotional programs. Closing of the transaction is expected during the beginning of the third quarter 2010.

2010-03-01

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Central European Distribution Corporation Announces Full Year 2009 Results; Updates 2010 Outlook

Central European Distribution Corporation (Nasdaq: CEDC) today announced its results for the fiscal year 2009. Net Sales for the twelve months ended December 31, 2009 were $1,507.1 million as compared to $1,647.0 million reported for the same period in 2008, which represents a decline of 8.5% driven primarily by the approximate 28% average devaluation of our primary functional currencies as well as a substantial decrease in net sales by our Polish distribution business partially offset by the effects of the consolidation of the Russian Alcohol Group in 2009. Net Sales for the fourth quarter of 2009 was $537.0 million as compared to $459.6 million for the same period in 2008, primarily driven by the consolidation of the Russian Alcohol Group in 2009 partially offset by a decrease in net sales of our Polish distribution business.

2010-02-22

CEDC to Host Its Fourth Quarter and Full Year 2009 Earnings Conference Call

CEDC will have its fourth quarter and full year 2009 earnings conference call on March 1, 2010 at 8:30 a.m., Eastern Time. The conference call will be broadcast live over the internet. William Carey, Chairman and Chief Executive Officer, and Chris Biedermann, Vice President and Chief Financial Officer, invite you to listen to their discussion of fourth quarter and full year 2009 results.

2010-01-12

CEDC Announces New Distribution Agreement for Zubrowka Vodka in United States with Rémy Cointreau USA, Inc.

Central European Distribution Corporation (NASDAQ: CEDC) today announced it has agreed to grant the exclusive importation rights of Zubrowka Vodka in the United States to Rémy Cointreau USA, Inc. As a result, Rémy Cointreau USA, will be the exclusive import agent for the Zubrowka brand of Vodka produced by CEDC in Poland.

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