RUSSIA: Wimm-Bill-Dann sales up 17.5% in H1
Russian food and drinks group Wimm-Bill-Dann has reported a 17.5% increase in sales in the first half of 2005 to US$681.7m from US$580.4m in the first six months of 2004.
The company reported that gross profit in the six-month period had risen by 16.7%, while gross margins were flat at 27.5%.
The company's EBITDA, adjusted for interest income, currency remeasurement gains, bank charges and other financial expenses and minority interest, rose by 11.4% from US$50.8m to US$56.6m.
Sales in its drinks division, which produces and markets juices and water, rose by 5.4% from US$151.3m to US$159.5m, with average prices increasing by 9.4%. Gross margins from beverages rose to 36.0% in the first half of 2005 from 35.3% in the first six months of 2004.
Sectors: Soft drinks
- Most Valuable Spirits Brands in 2017 - The facts
- Most Valuable Beer Brands in 2017 - The facts
- Diageo Africa president O'Keeffe on beer & spirits
- Travel Retail needs a disruptor - Comment
- What the future looks like for Australian wine
- Diageo ready to lock horns with AB InBev in Africa
- Heineken sees Tesco pull SKUs in UK
- Fever-Tree eyes bumper NPD, pack formats for 2017
- Diageo unveils Blender's Batch in the US
- Heineken mulls M&A with $1.75bn notes issue
- Central and East Europe Report Package
- Global vodka insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Spirit Market in the Top 5 European Countries to 2021 - Market Size, Development, and Forecasts