Editor's Viewpoint - Beer - Is Heineken Trapped in a Russian Winter?
Exactly how tough going is Russia's beer market?
Is Heineken being a bit too tough on itself?
In what several analysts have described as a downbeat conference call yesterday – and, considering the Q3 trading update earlier in the day warned of a drop in FY profits, the glum tone was understandable – CFO Rene Hooft Graafland described the beer market in Russia thus:
“Very, very difficult.”
He then proceeded to say that he expects that the market will be down by 10% over the whole of 2013.
Now, the brewers operating in Russia have certainly had a tough time of late, as advertising restrictions, a clampdown on temporary retail outlets and rising taxes have made the road a bumpy one.
But, down by 10%?
Earlier this year, market leader Carlsberg issued guidance that Russia will come in down this year, but only by mid-single digits.
Is Heineken's Russian glass half-empty?
We'll know for sure when Carlsberg delivers its latest results on 13 November.
As we start our annual series of management briefings that focus on environmental sustainability, Ben Cooper looks at the importance of integrating the issue into all aspect of a company's operations ...
Synopsis Canadean's "Heineken USA Inc.: Consumer Packaged Goods - Company Profile & SWOT Report" contains in depth information and data about the company and its operations. The profile contains a com...
In the second part of this month's management briefing, which shines the light on the importance of environmental sustainability in the brewing industry, Ben Cooper considers the impact of stakeholder...
"Anadolu Efes Biracilik ve Malt Sanayii A.S. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The prof...
In the third part of this month's management briefing, Ben Cooper reviews the environmental sustainability of three of the world's biggest brewers: Anheuser-Busch InBev, Carlsberg and Diageo....
Carlsberg A/S - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings ...
- Pernod's Portman Group penalty - a coincidence?
- A tobacco analogy soft drinks will want to embrace
- just The Preview - SABMiller's Q1
- Comment - Coke Life: Hit or Miss?
- just Five Years Ago: A-B InBev sells Oriental
- Diageo faces public consultation over W&M sale
- Remy posts Q1 sales drop as Edrington loss bites
- Bacardi to fight US football team legal action
- William Grant silent on Drambuie bid talk
- Pernod Ricard swings at Portman Group