SWEDEN: BBH shrugs off share losses in Russia, Ukraine
Baltic Beverages Holding has insisted it has made "very good progress" during the first half of the year despite losing market share in Russia and the Ukraine.
BBH, a joint venture between brewing giants Carlsberg and Scottish & Newcastle, has today (2 August) posted a 27% leap in EBITDA to EUR273m (US$350m) in the six months to the end of June. Net sales rose in the period by 18% to EUR961m.
BBH saw sales in Russia rise over 4% in a market that grew by over 6%. As such, the Baltika brewer saw its share of the Russian beer market slip on the corresponding period last year, standing at 35.6%. Baltika said that it had "conceded" share in Russia's discounted segments as rival brewers sought volumes with the launch of PET packaging.
In the Ukraine, BBH volumes leapt 12.4% but total beer consumption in the country rose 15.5%. The brewer said its share of the Ukrainian beer market stood at just under 18% and its recent decision to begin brewing Baltika locally would "strengthen the brand's position as the undisputed leader of the licensed segment in the Ukrainian market".
BBH said that it had gained 1% of the combined Baltic beer markets, while it outperformed a booming Kazakhstan beer market with volumes soaring 39.5%.
Meanwhile, BBH said that its president, Christian Ramm-Schmidt, is retiring after nine years in the job.
BBH chairman John Nicolson said: "Christian has been instrumental in the development of the BBH Group starting from practically nothing to what it is today. On behalf of S&N and Carlsberg, I would like to thank Christian for the immense contribution he has made to the business and wish him all the very best for the future."
Anheuser-Busch has called time on its sponsorship of the UK's Glastonbury music festival. The brewer, which had been a sponsor of the three-day event since 2002, has not renewed its deal, which ended ...
Anheuser-Busch has stayed silent on reports in India that it has decided on a local venture partner in the fast-growing beer market....
Carlsberg has finalised deals to distribute Czech beer Budvar in Finland and Croatia....
Carlsberg is in talks to distribute the flagship beer of Czech state-owned brewer Budejovicky Budvar....
Carlsberg has seen the head of its Italian business leave the company amid "tough" conditions in the country's beer market, the brewer said today (15 January). Carlsberg Italia CEO Claudio Riva has le...
Carlsberg is to stop producing discount soft drinks for the Danish market in two years, the company said today (15 January)....
InBev's Bulgarian unit is stepping up its marketing investment behind flagship beer Astika, according to local reports....
Vietnamese state-owned drinks group Sabeco is reportedly set to build five breweries this year as it triples investment behind its production capacity....
- Analysis - SABMiller to add bolt-ons in Africa?
- A-B InBev's Move on Tennent's Super Makes Sense
- India: Everyone's Favourite Spirits Market
- Brand Diversification Driving Craft Brewery Growth
- Analysis - Stock Spirits: Poland's number one
- Diageo scraps Arthur's Day, but singer left sad
- Pernod Ricard's Café de Paris Pear, Pomegranate
- PepsiCo CEO sees "profound" change in US consumers
- William Grant sinks GBP185,000 into "No" camp
- SodaStream silent on John Lewis pullout in UK