News

ESTONIA: Saku Ölletehas sees Q3 profits level

Most popular

How COVID has changed consumers' shopping habits

COVID is opening up aged spirits to a new world

How COVID has driven at-home indulgence - trends

Pernod Ricard Performance Trends 2016-2020 - data

PepsiCo's Driftwell launch a seachange for drinks

MORE

Saku Ölletehas has posted a flat net profit for the third quarter.

The Estonian drinks company said today (3 December) that net profit for the three months to the end of September rose fractionally on the corresponding period a year earlier, by 0.6% to EEK63.2m (US$5.9m).

Sales in the quarter climbed by 5% for Saku, hitting EEK258.5m.

Saku highlighted a tough few months for the Estonian beer market, thanks in part to "unexpected sales bans and unstable regional limitations" leading to a 5% drop in sales volumes in the year so far for the market as a whole.

Looking forward, the company, which operates in the beer, water and cider & long drink markets in Estonia,

In June, Saku said its Q1 operating profit leapt to EEK24m from EEK9.3m in the corresponding period a year earlier, thanks to a 44% leap in sales to EEK181m.

Saku Ölletehas is majority-owned by Baltic Beverages Holding, the Eastern European joint venture between Carlsberg and Scottish & Newcastle.


Related Content

How did Campari perform in Q3 2019? - results data

How did Campari perform in Q3 2019? - results data...

Brown-Forman Q3 & Year-to-Date fiscal-2020 - preview

Brown-Forman Q3 & Year-to-Date fiscal-2020 - preview...

How did Keurig Dr Pepper perform in Q3 2019? - results

How did Keurig Dr Pepper perform in Q3 2019? - results...

Constellation Brands Q3 fiscal-2020 - preview

Constellation Brands Q3 fiscal-2020 - preview...

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?