News

SWEDEN: BBH shrugs off share losses in Russia, Ukraine

Most popular

The opportunity for no-alcohol in the on-premise

Pernod is back in Kentucky, but why did it leave?

The just-drinks Analyst returns

How should adult soft drinks be sold to consumers?

Anheuser-Busch InBev Performance Trends 2014-2018

MORE

Baltic Beverages Holding has insisted it has made "very good progress" during the first half of the year despite losing market share in Russia and the Ukraine.

BBH, a joint venture between brewing giants Carlsberg and Scottish & Newcastle, has today (2 August) posted a 27% leap in EBITDA to EUR273m (US$350m) in the six months to the end of June. Net sales rose in the period by 18% to EUR961m.

BBH saw sales in Russia rise over 4% in a market that grew by over 6%. As such, the Baltika brewer saw its share of the Russian beer market slip on the corresponding period last year, standing at 35.6%. Baltika said that it had "conceded" share in Russia's discounted segments as rival brewers sought volumes with the launch of PET packaging.

In the Ukraine, BBH volumes leapt 12.4% but total beer consumption in the country rose 15.5%. The brewer said its share of the Ukrainian beer market stood at just under 18% and its recent decision to begin brewing Baltika locally would "strengthen the brand's position as the undisputed leader of the licensed segment in the Ukrainian market".

BBH said that it had gained 1% of the combined Baltic beer markets, while it outperformed a booming Kazakhstan beer market with volumes soaring 39.5%.

Meanwhile, BBH said that its president, Christian Ramm-Schmidt, is retiring after nine years in the job.

BBH chairman John Nicolson said: "Christian has been instrumental in the development of the BBH Group starting from practically nothing to what it is today. On behalf of S&N and Carlsberg, I would like to thank Christian for the immense contribution he has made to the business and wish him all the very best for the future."


Related Content

Carlsberg delivers H1 2017 jump but Russia challenges remain - results

Carlsberg delivers H1 2017 jump but Russia challenges remain - results...

Will the World Cup give Carlsberg the boost it needs in Russia? - Analysis

Will the World Cup give Carlsberg the boost it needs in Russia? - Analysis...

How did Carlsberg perform in Q1 2019? - results data

How did Carlsberg perform in Q1 2019? - results data...

Price cut seeks to boost brand Carlsberg in Russia

Price cut seeks to boost brand Carlsberg in Russia...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?