Carlsberg insists that analysts following the firm should take a long-term view of its market share in Russia, as it brushed off concerns over a slight erosion of its position there in the fourth quarter of 2012.
A recent M&A wave in brewing means that ‘global giants’ AB InBev, SAB Miller, Heineken, Carlsberg and CR Snow are piling the pressure on local players, particularly in markets such as China.
A.G Barr has not revealed any details on the progress of talks regarding its possible merger with PepsiCo bottler Britvic, as it reported H1 2012 results today.
Heineken says it investing heavily in its premium brands to improve its profitability in Russia following past pricing mistakes, but admits that it has more exposure to less profitable value beers than its rivals.
Royal Wessanen is planning court proceedings against its former CEO and has revealed the financial fallout of accounting irregularities discovered at its subsidiary American Beverage Company (ABC).
The global commodity market continues to worry confectionery and
sugar firms, as AB Foods profit is dented by sugar reforms, Nestle
combats costs with price hikes, and Cadbury may be ripe for
takeover.
Chr Hansen has announced plans to divest its coatings and
excipients business in order to focus on core activities in
cultures, enzymes, natural colours and flavours.
Heineken has taken back its Amstel beer brand in South Africa,
leaving previous licence owner and rival brewer, SABMiller, facing
an uphill struggle to maintain sales in the country.
Sales at Archer Daniels Midland (ADM) increased during the
company's financial second quarter signaling a recovery from the
effects of the US hurricanes last year.
A soaring premium beer market in Russia and growing consumption in
Poland and Romania are driving forward a major international
brewer's European profits by offsetting problems in Hungary and
Slovakia, writes Chris Mercer.
Polish soft drinks manufacturer Hoop, a significant player in the
European soft drinks market, has announced a drop in profits for
the financial year 2003 following an increase in expenditure
related to the enhancement of production...
Swiss processing and packaging equipment provider SIG has reported a
significant increase in its net profits for the first half of the
year, a result that sees the company pulling itself out of the red.
The improvement came despite...
Dutch life science company DSM today posted a net profit of €959
million. Although DSM Fine Chemicals posted slightly lower sales
and a lower operating profit, attributable to the pharma products
and aspartame businesses, DSM Food...
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.
The addition of the Pommery brand, acquired from LVMH in April,
will help Vranken Monopole lift its sales and profits this year,
although the company is expecting an improvement even without the
new brand.
Ardagh, the Irish glass packaging group which is closing its
Ringsend plant, saw pre-tax profits plummet to €2.4 million last
year compared with €8.9 million in 2000.
