The Brazilian-based drinks force, Companhia de Bebidas das Americas (AmBev), posted consolidated EBITDA for the second quarter of 2003 of R$550.9m, up 16.8% from the pro-forma second-quarter results from 2002.

AmBev said that net sales from its Brazilian operations rose by 14.1% to R$1.68 billion while its share of the Brazilian beer market had risen during the quarter to 70.1% in June against, 69.4% in March 2003.

The company’s Brazilian beer volumes rose by 2.5% while net revenue per hectolitre rose by 9.8% to $100.8. The company said that its overall soft drink sales volumes remained stable in the quarter compared with the second quarter of 2002.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now