Red Bull has seen its sales leap by almost a third last year. The Austrian energy drink company said over the weekend that sales in 2004 hit €1.668bn (US$2.141bn), a rise of 32.3% year-on-year. Profit and production also increased, with 1,935bn cans being sold.

While sales in the US were up last year by 50%, in Australia and South America, sales were up by 40%.

Red Bull said that it set up subsidiaries in Canada, Turkey, Russia and Romania last year. The company targets further expansion in Mexico, Turkey, Russia, Canada, the Near and Middle East. It will fund this expansion from cash flow.

The company is 49%-owned by its founder Dietrich Mateschitz, with the remaining 51% being held by Thai businessman Chaleo Yovidhya and his son.