SWEDEN: Spendrups sees profits rise in year so far

By | 24 October 2007

Spendrups has registered an increase in net profit for the first nine months of this year.

The Swedish brewer and distributor said earlier this week that net profit for the year to the end of September was up to SEK58m (US$9m) from SEK54m in the corresponding period a year earlier. Sales excluding beverage tax rose to nearly SEK1.8bn, up 9% from last year, the company said.

Spendrups has gained marketshare during the year and now has a 28.7% share of the Swedish market for beer and 11.2% of the Swedish market for soft drinks, according to local reports.

In August, US-based winery E&J Gallo switched from Vin & Sprit to Spendrups Vin to import and distribute its brands in Sweden.

Sectors: Beer & cider, Wine

Companies: Gallo

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