DENMARK: Acquisitions boost Royal Unibrew in 2005
Danish brewer Royal Unibrew enjoyed rising sales and earnings last year on the back of its acquisitions in Latvia and Poland.
The brewer, whose beer stable includes the Ceres and Faxe brands, said on Friday (3 March) that sales rose by 11% to DKK3.2bn (US$516m) in 2005.
Last year, the company snapped up Latvian brewer Lacplesa Alus and Polish breweries Brok and Strzelec and said that the cost of the acquisitions had weighed on profits. Nevertheless, EBITDA rose 2% to DKK312.6m.
Royal Unibrew enjoyed rising sales in Western Europe as it saw volumes rise in two of its key markets, Italy and Germany.
The company also managed to increase its share of a declining Danish beer market, while it regained some ground in its domestic soft drinks market, where it produces PepsiCo products.
Revenue leapt 61% in Eastern Europe on the back of Royal Unibrew's expanded operations in Latvia and Poland.
Looking ahead, Royal Unibrew said that its businesses in these two markets would "achieve considerably better results" this year.
The company failed to return a request for further comment as just-drinks went to press.
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