Dutch brewer Bavaria has reported record annual beer volumes with the publication of its results for 2006.

Bavaria saw sales volumes reach 5.8m hectolitres last year, up 16% on the 5m hl the brewer sold in 2005.

Executive board president Peter Swinkels said Bavaria would look to target markets in South America, Eastern Europe and Asia as demand slows in Western Europe.

He said: "With a new license agreement with Moscow Efes Brewery, we are confident in successfully reaching our goal to stabilise Bavaria in the international beer market."

The brewer, based in the Dutch town of Lieshout, did not publish financial figures for 2006.