Schincariol has posted sales figures for 2004. The family-owned brewer said yesterday (20 January) that last year it sold 14.3m hectolitres of beer, providing gross revenue of BRL2.55bn (US$938.8m). Operating profit reached BRL83m, with EBITDA totalling BRL162m.

Although corresponding figures for 2003 were not available, in August Schincariol had posted a huge rise in H1 turnover for the first six months of 2004, with sales rising by 114% year-on-year hitting BRL1.17bn.

Speaking to reporters in Sao Paulo, top executive Adriano Schincariol said the brewer sold 16.4% of all beer in Brazil last year. According to data from AC Nielsen, Schincariol had a market share last year of just above 13%.

Schincariol executives have often said the Nielsen numbers do not accurately reflect the local market because they underestimate beer sales in Brazil's distant and relatively poor northern and north-eastern regions.