SPAIN: Exports boost Mahou-San Miguel FY sales
Mahou-San Miguel praises exports for lifting sales
Mahou-San Miguel has reported a slight lift in full-year sales, thanks to exports.
The Spain-based brewer said at the end of last week that net sales for the 12 months to the end of December 2010 rose by 0.8% on the previous year, to EUR1.15bn (US$1.65bn). It attributed the increase to stronger beer exports, partly as a result of new distribution partnerships, such as that with Carlsberg in the UK.
Operating profits reached EUR204m for the year, which, according to Spanish newspaper Expansion, represents a rise of 1.6% on 2009. A net profits figure was not disclosed by the company in its press release.
The brewer said that export demand and cost savings have enabled it to "maintain our profitability". Of its newly-released beers, the group said that alcohol-free San Miguel performed particularly well in the year.
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