GERMANY: Brau Holding hopeful for strong 2006
Brau Holding International is targeting a 15% increase in earnings before interest and tax this year.
The brewer, a joint venture between Heineken and German conglomerate Schörghuber Corporate Group, said yesterday (28 November) that it also expects sales for 2006 to increase, by 13% to around EUR800m (US$1.05bn).
Earlier this year, the company parted company with its CEO, Wolfgang Salewski, who was replaced by Dr. Friedrich Hoepfner, currently managing director of two other BHI breweries, Hoepfner and Fürstenberg.
BHI is the third largest brewer in Germany, behind German family-owned food group Dr. Oetker and InBev Deutschland. The company holds between 20% and 30% market share in the south of the country, according to German News Digest.
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