LATVIA: Cesu Alus enjoys strong start to 2007
Cesu Alus has posted a strong rise in sales volumes for the first five months of this year.
The Latvian brewer said today (11 June) that volumes between January and May leapt 41% on the corresponding period a year earlier, coming in at 19.6m litres. As a breakdown, beer sales were up by 35% year-on-year, with cider and lower alcohol drinks doubling their volumes. The chairman of the company, Eva Sietinsone, also noted that energy drinks performed well in the period.
In January, Cesu Alus reported a 32% leap in sales in 2006, with volumes hitting 41.7m litres in the year. In value terms, sales for 2006 were up 40% to LVL16.67m (US$31.6m), with profits coming in at LVL27,300.
Estonian brewer A. Le Coq owns 96% of Cesu Alus. The Estonian group is a subsidiary of Finnish drinks group Olvi Oy.
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