• First-half net profits fall 88% to TRY345.8m
  • Sales up 12.7% to TRY5.1bn
  • Operating profits (EBITDA) rise 15.3% to TRY934.7m
  • Total volumes (beer & soft drinks) up 6.5% to 45.2m hectolitres 
The brewer and soft drinks group saw sales and operating profits up in its first half

The brewer and soft drinks group saw sales and operating profits up in its first half

Anadolu Efes has seen its first-half sales boosted by its soft drinks operations as its domestic beer sales continued to suffer. 

The Turkish drinks group, which is 24% owned by SABMiller, saw net sales in the six months to the end of June up 12.7% to TRY5.1bn, while operating profits rose by 15.3% to TRY934.7m. However, net profits fell 88% against a tough prior year comparable from the consolidation of Coca-Cola Icecek's numbers into its performance. 

In Turkey, the group's beer volumes fell by 9.2% year-on-year as a regulatory clampdown on the market continued to bite. Sales fell by 3.7% to TRY801.8m. 

In its international beer operations, volumes grew 9.5%, while sales slipped 7.9% to TRY626.7m. 

The group's soft drinks unit, Coca-Cola Icecek, saw volumes up 9.8%, while sales grew 20% to TRY2.98bn

Soft drinks represent 71% of the group's volumes and 58% of sales revenue. 

The company said its second-quarter had been “better than expectations”. But looking ahead, it said it was maintaining its full-year guidance as it is exposed to several economic and political issues, particularly Ukraine. 

To read the company's official statement, click here 

Expert analysis

Food and Grocery Retailing in Turkey: Databook to 2017

Food and Grocery Retailing in Turkey: Databook to 2017

Canadean’s, Food and Grocery Retailing in Turkey: Databook to 2017 contains detailed historic and forecast retail sales values, segmented at a category level. The report takes into account macroeconom...read more