RUSSIA: BBH reports continued strong growth
Baltic Beverages Holding (BBH), the joint venture between Carlsberg and Scottish & Newcastle, has reported continued strong growth in Russia, with beer volumes up 16% in July and August, against market growth of 14%.
The company, which has a market-leading 35.6% share of the Russian beer sector with its Baltika brand, said it expects per capita beer consumption in Russia to continue to rise from its current level of 62 litres to 80 litres.
BBH posted net sales for the first half of the current fiscal year of EUR961m (US$1.2bn), up 17.7% from the corresponding period last year. The company added that while Russia currently accounts for 80% of its total growth, going forward it expected to see increasingly significant growth coming from smaller Eastern European countries.
The company currently operates 18 breweries in six Eastern European countries including the Ukraine, Kazakhstan and three Baltic states. BBH's new brewery in Uzbekistan is scheduled to begin production next spring.
Scottish & Newcastle said that a major driver for the exceptional Russian market growth had been the disruption in spirits and wine supply, adding that the newly integrated Baltika sales and distribution network is well positioned to build on the performance in the first half.
Whether marketed as non-alcoholic beers or soft drinks, malt-based beverages are expected to grow as a category in the coming years. While the products are finding increasing acceptance among Muslim c...
Carlsberg-owned Ramlösa is to invest SEK65m (US$9.3m) to boost its bottling capacity and increase its mineral water exports by 10%....
Carlsberg is looking to lease brewing facilities in Copenhagen in order to brew its expaning range of speciality beers for the Danish market....
Carlsberg has signed a deal to handle Czech beer Budvar in Sweden....
Carlsberg is looking to boost sales in the US after finalising its import and distribution business across the Atlantic....
Britvic has appointed a former Carlsberg executive to lead the marketing efforts for its carbonates brands....
Carlsberg has refused to rule out further brewery closures in Western Europe this year....
The sale of one of Carlsberg's two breweries in Italy signals a stronger focus on the premium end of the market, according to the head of the Danish brewer's business in Western Europe. Speaking to ju...
- Are we kidding ourselves over craft spirits?
- What's behind Brown-Forman's Irish whiskey plans?
- Is Brown-Forman doing a Jack Daniel's in Ireland?
- How good a sustainability fit are ABI and SAB?
- The new Johnnie Walker ad and today's consumers
- Diageo, Treasury Wine Estates quiet on wine sale
- Chandon to become "third pillar brand" for MH
- Brown-Forman silent on Southern Comfort report
- Stoli appoints international marketing director
- Moet Hennessy hails Formula One deal for Chandon
- The IWSR Duty Free/Travel Retail Report 2015
- Future growth opportunities for global spirits
- Global gin insights - market data, product innovation and consumer trends research
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research