Total beer shipments up 3.9%
During its financial year 2002, ending 31 December 2002, Mexico’s leading brewer Grupo Modelo increased its net sales to 36 billion Mexican pesos (+6.6%) as a result of a 3.6 percent and 13.5 percent growth in domestic and export sales, respectively. Total net revenues from export sales climbed to 908 million dollars, a 15.3 percent increase over 2001. The average price per hectoliter for the export market showed an increase of 3.6 percent in dollar terms compared to 2001. Export sales contributed 24.9 percent to net sales, domestic sales 66.4 percent. Operating income stood at 9.4 billion pesos, EBITDA at 10.9 billion or 30.2 percent of total sales.
Total beer shipments came to a new record level of 39.9 million hl (+3.9%), said Grupo Modelo in a statement.3 percent.S.
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