GERMANY: Fuerstenberg reports rise in turnover
The German brewer, Fuerstlich Fuerstenbergische Brauerei KG, recorded turnover for 2001 of €61m (US$53.1m), representing a 1.7% increase year-on-year. The company said the increase had been achieved in spite of slack market conditions.
The company said the acquisition of the Riegeler Brauerei in April 2000 had boosted turnover. The takeover had effectively expanded the Fuerstenberg product range and enhanced its export potential with products well suited to the French beer market.
However, the company issued a pessimistic forecast for 2002, citing competition from foreign beer companies as the prime factor for sustained tough market conditions.
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