FINLAND: Hartwall Q1 up and plans $50m for Ukraine

By just-drinks.com editorial team | 8 May 2002

Finnish brewer Hartwall announced its first quarter results today, which saw the company achieve a 72% rise in profits before extraordinary items to €23.1m (US$21.1m) on sales up 41% to €196m. The results were driven by growth in Eastern Europe and the company reiterated that 2002 would see growth over last year, despite said a projected slowdown in Eastern Europe. Russia and the Ukraine would remain strong markets, Hartwell said.

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Finnish brewer Hartwall announced its first quarter results today, which saw the company achieve a 72% rise in profits before extraordinary items to €23.1m (US$21.1m) on sales up 41% to €196m. The results were driven by growth in Eastern Europe and the company reiterated that 2002 would see growth over last year, despite said a projected slowdown in Eastern Europe. Russia and the Ukraine would remain strong markets, Hartwell said.

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