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Europe/Russia
Why did Carlsberg decide to sell its stake in United Romanian Breweries Bereprod (URBB) to its Israeli partner Central Bottling Company (CBC)? According to URBB’s CEO Shachar Shaine, URBB’s turnover in 2017 is to exceed EUR 120 million amid rising exports and local sales. URBB’s sales were nearly 335 million lei (EUR 74.6 million) in 2015. In 2016, URBB’s businesses reportedly increased by around 14 percent in turnover, while profit rose 40 percent.
Europe/Russia
Although Danish brewer Carlsberg on 8 February 2017 reported its third year in a row of falling profits, executives called 2016 a good year for Carlsberg.
Europe/Russia
Just when you think you see the light at the end of the tunnel – uh-oh. Investors in Carlsberg were in for a big surprise when Carlsberg reported its full year 2016 results on 8 February 2017. Although Carlsberg said that the decline in the Russian beer market has possibly flattened out, the Danish brewer nevertheless forecast a 5 percent drop in volumes for 2017.
Europe/Russia
Looks like things are brightening up for Russia’s brewers. In 2016, beer sales in Russia declined only between 1 and 2 percent estimates Frans Hoyer, an analyst with Denmark’s Jyske Bank, who has been following the brewer for the past 40 years.
Europe/Russia
Hola! AB-InBev and Molson Coors want to get in on the action early before prices go through the roof.
Europe/Russia
Isn’t it ironic that one of the most vocal “Remainers” in the Brexit debate, Diageo’s CEO Ivan Menezes, had to disclose to media that the drinks company has actually profited from the Brexit vote. Diageo has seen rising profits thanks to a triple tonic from a weakened sterling, robust Scotch sales and a strong US performance.
Europe/Russia
The German beer cartel was not just a horizontal one, involving several brewers, it was also a vertical one including large German retailers.
Europe/Russia
Preliminary data by the German Brewers Association suggest that German brewers sold more than 96 million hl beer in 2016, which represents a small increase over 2015 when sales stood at 95.7 million hl.
Europe/Russia
It’s a record of sorts. Who would have thought that, with 740 breweries in December 2016, Switzerland ranks 4th behind the UK (1,880), Germany (1,400) and France (793) and ahead of Italy (688)? For a country of only 8 million people, that’s a huge number of breweries. Statistically that’s one brewery per 11,000 inhabitants. In comparison the US has only one brewery per 64,000 people. However, most Swiss breweries would be very small indeed as 99 percent of all beer is produced by 49 breweries with an output in excess of 1,000 hl.
Europe/Russia
Why has no one noticed that Heineken’s proposed acquisition of about 1,900 pubs in the Punch Tavern group actually nullifies the Beer Orders, a bill introduced by the Thatcher government in 1989 to force the big brewers to divest their large pub estates? Provided the transaction is not vetoed by shareholders bowing to publicans’ protest, brewer Heineken could become the third-largest pub operator in the UK.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
