Sun Interbrew, Russia's second largest brewer, has announced strong
six month and second quarter financial results, reflecting a
continuing rise in beer sales backed up by a strong control over
costs.
Baltika
continues its strong performance in the Russian beer market after
announcing a double digit increase in its sales volumes for the
first six months of the year. But increased expenditure on
advertising and packaging...
One of Spain's most traditional Christmas delicacies,
turron, could be in short supply this year after a
disastrous harvest for the key ingredient, almonds.
Singapore-based http://www.apb.com.sg/Asia Pacific Breweries (APB)
has continued its steady sales growth for its operations in the
region, after returning third quarter results that pushed the
company's revenue for the first...
Cost-cutting measures are paying off for the world's largest
fragrance and flavour company with Givaudan pulling in a
double-digit growth in profit for the first half of 2004.
France's lawmakers have banned soft drink and chocolate bar vending
machines in schools from the beginning of the 2005/06 school year,
a measure designed to nip the growing childhood obesity problem in
the bud.
As popularity soars for the low carbohydrate, high protein Atkins
diet scientists warn this week that even a 'moderately' high
protein diet could reduce a woman's chances of becoming pregnant.
Mounting criticism of...
Energy and sports drinks continued their rapid rise up the soft
drinks rankings last year, driven by new product launches and an
increasing trend towards convenience and on-the-go consumption. But
while most of the growth has come...
On the back of this week's dramatic acquisition of China's Harbin
Brewery by the world's largest brewer, Anheuser-Busch, ahead of its
nearest rival, SABMiller, Scottish & Newcastle has announced
that it has signed...
Campari, the global player in the spirits sector, has reported an
acute increase in sales for the first quarter of 2004. The weak US
dollar had an affect on the company's results but it witnessed good
organic growth spurred on...
Spain's soft drinks market is expected to grow by around 7 per cent
this year, a slight slowdown compared to 2003's heatwave-boosted
performance but nonetheless healthy growth driven by premium and
functional products.
Pernod Ricard, the world's third largest wine and spirits group,
has reported a slight dip in sales for the first quarter of 2004.
The group's established brands performed well in the US and Asia
Pacific regions, but its...
Scotch whisky exports reached their second highest level ever in
2003, confirming Scotland's favourite spirit as one the biggest
sources of revenue for the UK manufacturing sector and the
government's coffers. All the more...
Roasted ground coffee is still by far the biggest category in the
German coffee market, but sales dropped by 2 per cent last year as
consumers switched to more exciting variants such as Cappuccino and
Espresso, writes Chris Jones.
The biggest South American and European brewing groups have today
announced a merger which will catapult them into the number one
position in the global brewing rankings and further quicken the
pace of industry consolidation.
A bitter row has broken out in the UK over new EU regulations
regarding the recycling of packaging. Local authorities believe
that industry should pay for the necessary upgrade of facilities,
while packaging companies believe that...
Baltic Beverages Holding has revealed its full year 2003 and fourth
quarter results, showing the company has continued to maintain its
growth in the maturing beer market.
East European consumers are enjoying an ever wider choice of soft
drinks as markets open up and purchasing power increases. And
growth in the market shows no sign of slowing, as popular local
brands continue to hold their own against...
Last year was a tough one for French closures and barrels group
Oeneo, formerly
known as Sabaté Diosos. But the company ended the year with results
in line with expectations as restructuring efforts at both the
closures and...
India looks set to consolidate its somewhat unexpected position as
the world's largest whisky market in 2003, stretching further ahead
of its nearest rivals, according to a new report from market
analysts Canadean. ...
The spectacular growth rates of the late 1990s may be a thing of
the past, but the functional energy drink market in western Europe
shows little sign of running out of steam, according to a recent
report.
Export sales of Spanish wine grew by 5.8 per cent in the first nine
months of the year to just over €1 billion, but a steady fall in
prices meant that this fell far short of the 26.9 per cent increase
in volumes to 917.4 million litres...
The European Commission has welcomed the agreement reached by the
European Parliament and Council conciliation committee to increase
the minimum recycling targets for packaging waste from 25 to 55 per
cent by 2008. The agreement overcomes...
Spanish wine producers posted an impressive rise in export volumes
in the first eight months of the year, but an inexplicable 14 per
cent drop in the average price per litre meant that revenues were a
mere 4 per cent higher.
Graham Packaging Holdings, parent company of Graham Packaging
Company, has reported healthy third quarter results. The group
recorded a 19.8 per cent gain in operating income for the third
quarter of 2003, compared to the third quarter...
Coca-Cola Hellenic Bottling Company has delivered strong financial
results during the first nine months of the year. However, while
most of Europe basked in the warm summer weather, some key
countries within our emerging market segment,...
The UK has come in for a great deal of criticism from environmental bodies following the release of figures that show the country is lagging behind much of the rest of Europe in terms of can recycling.
Spanish demographics are changing, with a steady rise in the number
of single person households. This in turn has made consumers more
price conscious than ever before, fuelling growth in both own label
products and discount retailers.
Europeans seeking refreshment from one of the hottest summers on
record have enabled Coca-Cola to celebrate what would have
otherwise been a disappointing set of third quarter results.
Exports of Spanish Rioja wine dropped in both volume and value in
the first eight months of the year, although some markets showed
good gains. The US, for example, appears to have swapped French
wines for Spanish following the Iraq...
Premium beers are driving growth in western and eastern Europe, but
they are by no means the only products faring well in the highly
fragmented market, claims a new report from Canadean.
In 2002, the ever evolving UK wine market continued the steady
growth of recent years with sales increasing by 5 per cent,
according to a report from the Canadean Wine Service. Particular to
this growth was the meteoric rise of New...
Strong brands such as Campari, SKYY and Cinzano helped Italian
drinks group Davide Campari increase its sales in the first half of
2003 even after the negative effect of currency translation.
Diageo has come a long way, he strength of the group's brand
portfolio allows it to register overall growth despite some
substantial setbacks for brands such as Captain Morgan, Smirnoff
and J&B.
Declining beer consumption has been the order of the day in Germany
for several years now, but there are still some sectors of the
market which continue to grow, such as beer-based RTDs.
The global reach of Nestlé means that it is particularly
susceptible to currency effects, and first half sales at the
confectionery-to-mineral water group were down 6.3 per cent as a
result.
Strong volume growth helped by bottled water acquisitions and
double-digit increases in EBITDA and net profits helped by tough
cost control marked the first half at Coca-Cola HBC.
Carlsberg's first half sales were down 7 per cent compared to the
previous year, mainly as a result of the impact of exchange rates
at its fast-growing subsidiary Baltic Beverages Holding.
Cadbury's rapid expansion over the last few years has boosted sales
in the first half of the year, but the increasing cost of
restructuring its business took a hefty toll on profits.
Danone's move into the high profit home and office delivery sector
of the bottled water market made little impact on first half
results which were instead reduced by negative exchange rates and
disposals.
Lower tourist numbers and a poor summer meant that Spanish beer
volumes were down last year compared to 2001. But price rises
linked to the introduction of the euro and increased consumption of
speciality imported beers helped push...
The strength of the US dollar last year meant that exports of
Californian wine declined 7 per cent in volume terms during 2002.
But value sales were up 1 per cent for the year, with sales to the
biggest market, the UK, up 12 per cent.
Improved volumes and a policy of cost management helped Coca-Cola
HBC improve its profits in the first quarter despite the impact of
currency devaluations, poor weather and a later Easter period.