Sun Interbrew Ltd has today posted a leap in Q3 net profit and market share. Net profit for the three months to 30 September increased by 71% year-on-year to €19.1m (US$22.8m) from €11.2m. This rise was based on sales of €162.2m, an increase of 20%.
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The company, which produces Stella Artois and Staropramen under license, saw its market share grow to 14.9% from 12.5% a year ago in Russia. In Ukraine, market share also rose, to 33.5% from 31.7%.
Operating profit for Sun Interbrew climbed to €28.m from €20m, while earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 32% to €41.8m.
Consequently, selling, marketing and distribution costs increased to €39.3m from €34.2m, as did the average distribution cost per hectolitre, by 8% to €4. General and administration costs fell, however, to €6.4m from €7m, due primarily to payroll and consultancy savings.
Sun Interbrew, whose main shareholders are Interbrew and Sun Group, forecasts full-year results far better than the market, thanks to its innovations and marketing techniques.
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