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BELGIUM: Duvel Moortgat upbeat on Q3 beer sales

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Duvel Moortgat, the Belgium-based brewer, has said beer sales continued to rise in its fiscal third quarter but the weakening US$ is hitting earnings.

Duvel, which owns Duvel, Liefmans and La Chouffe beers, said late Friday (13 November) that a sales rise in the first half of 2009 has continued in the three months to the end of September.

"All brands are progressing globally," said the brewer, which in September reported net sales up 11.4% to EUR53.3m (US$79.7m) for the first half of the year. It did not supply Q3 figures.

However, the group said that a weakening US$ has impacted earnings. It also said that the relaunch of Liefmans has so far had "little impact" on turnover.

"Given the current economic climate, it is difficult to make specific prognoses. However, we can state that Duvel Moortgat possesses the key foundations to realise a further growth in turnover and results," said the group in its outlook.


Sectors: Beer & cider

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