News

LATVIA: Cesu Alus enjoys strong start to 2007

Most popular

Constellation cuts losses on Ballast Point folly

Why hard seltzer's US success won't translate

US Champagne tariffs threaten critical blow

just-drinks' M&A database - November

Why spirits should embrace cross-category trend

MORE

Cesu Alus has posted a strong rise in sales volumes for the first five months of this year.

The Latvian brewer said today (11 June) that volumes between January and May leapt 41% on the corresponding period a year earlier, coming in at 19.6m litres. As a breakdown, beer sales were up by 35% year-on-year, with cider and lower alcohol drinks doubling their volumes. The chairman of the company, Eva Sietinsone, also noted that energy drinks performed well in the period.

In January, Cesu Alus reported a 32% leap in sales in 2006, with volumes hitting 41.7m litres in the year. In value terms, sales for 2006 were up 40% to LVL16.67m (US$31.6m), with profits coming in at LVL27,300.

Estonian brewer A. Le Coq owns 96% of Cesu Alus. The Estonian group is a subsidiary of Finnish drinks group Olvi Oy.


Sectors: Beer & cider

Companies: Olvi Group

Related Content

Strong H1 for Carlsberg fails to temper fear over what lies ahead - Analysis

Strong H1 for Carlsberg fails to temper fear over what lies ahead - Analysis...

Strong US dollar fails to hamper Californian wine volumes - figures

Strong US dollar fails to hamper Californian wine volumes - figures...

Lalique Group forms Scotch whisky JV to take control of The Glenturret distillery

Lalique Group forms Scotch whisky JV to take control of The Glenturret distillery...

Time to take stock of Constellation Brands' Corona - Comment

Time to take stock of Constellation Brands' Corona - Comment...

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?