Budejovicky Budvar posts double-digit volumes lift in 2015
State-owned Budejovicky Budvar saw its sales volumes perform well in 2015
Budejovicky Budvar has reported a near-10% rise in sales volumes in 2015.
The Czech state-owned brewer said earlier today that exports in the 12 months of last year totalled around 900,000 hectolitres, a year-on-year increase of 10.5%. Domestic volumes were up by 9%in the same period, coming in at just over 700,000 hectolitres.
In value terms, Budvar reported a sales increase of 8% in Czech, totalling CZK2.55bn (US$101.5m). Sales by value beyond the brewer's home market were not disclosed.
"In our most important export markets - Germany and the Slovak Republic - we have sold historically highest volumes of beer," said commercial director Robert Chrt. "We achieved double-digit growth in prestigious markets in Italy, Canada and Sweden. We also managed to enter into several new countries, such as Benin, Mali and Ivory Coast."
Like all brewers, Budvar "did not do well" in Russia or Ukraine last year, although "we managed to eliminate these declines in other states", noted Chrt.
In August, the company completed an update of the bottling facilities at its Budejovice brewery, resulting in a doubling of capacity. Budvar is set to build a new logistics centre on the site this year, which will be its biggest investment in the last ten years.
Budejovicky Budvar increased its exports at the end of the review period and aims to continue to further develop its export activities over the forecast period....
Despite an optimistic prognosis for the recovery of the on-trade, a shift to the off-trade continued in 2015....
Cider/perry continued to attract increasing interest from Czech consumers in 2015 thanks to strong promotional activities from the leading brewers in the country....
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Ashwagandha - The next functional drinks trend?
- Moet Hennessy unaffected by LVMH Dior buy
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Distell acquires majority stake in Cruz Vodka
- Portman Group heads to Tesco for new chief exec
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Global vodka insights - market forecasts, product innovation and consumer trends