The beer market dynamics in Russia is approaching zero, yet major brewers are divided into those who developed considerably in 2017 and those who considerably reduced their volumes. For instance, company Efes has managed to substantially extend their sales due to restrained pricing policy and activity in the modern trade. Heineken has also demonstrated an excellent performance promoted by significant increase of advertisement budgets launching a non-alcohol sort of the title brand and unusual activity in the economy market segment. Carlsberg and AB InBev have been focusing on margins and lost a market share of their inexpensive brands. Serious dependence on PET package and mass enthusiasm about Zhigulevskoe have negatively impacted the most of big regional brewers, that have been for the first time pressed by the leaders in the key sales channels, especially in Volga and Central regions. In the small business there has been a noticeable slowdown in appearing of new restaurant breweries, yet the number of craft breweries has been growing rapidly. In 2018, the beer market is likely to grow a little, while the share of AB InBev Efes may decrease due to the integration. ...
“Catalogue of Russian Beer Producers 2018” includes 1070 businesses ranging from large subsidiaries of international companies to rather small restaurant and craft microbreweries.The catalogue includes 32 large breweries, 75 regional breweries, 693 industrial mini- and microbreweries as well as 270 restaurant breweries. ...
Global hop marketA local alternative to mass beer suggested by independent brewers has been successful and is now altering the global market. Beer is becoming more diversified, so transnational companies have to accept the new game rules and to switch focus to young and fast growing markets. All these processes increased the demand for aroma and bitter hop as well as their acreage expansion on two continents. However now there appeared a downward trend of alcohol consumption in the world, so even special sorts can soon turn to be sufficient. In this connection the dynamic American hop market is already facing some problems. EU hop producers have become more cautious, they are not racing to exceed the demand and look forward with more confidence, judging by the contract terms.
Hop Market in RussiaGermany still dominates the Russian market, yet over the recent two years one has been able observe a continuous success of Czech hop suppliers. Their expansion and growing popularity of hops from the United States became the drivers of supplies growth in 2016 despite the preceding modest harvest crop in the EU, as well as the factor of relative stability in 2017. In this connection, in 2017, the ratio of the varieties continued to shift towards the aroma ones, and the supplies of Magnum hop and other alpha varieties were reduced. However, the import of bitter hop pellets is partially replaced by extracts, especially from the major beer manufacturers. Total volumes of alpha acid supplies, according to our estimation, decreased by approximately 5% and returned to the level of 2015. Barth Haas Group continues dominating the hop products market; HVG also increased its weight. At the same time, Morris Hanbury significantly reduced the supplies in 2017.
SABMiller plc announced annual results for fiscal year 2011. The group’s Ukrainian subsidiary showed excellent volume growth.
SABMiller delivered very strong financial results. Trading conditions across the group were mixed with improvements in most of the emerging markets. Total beverage volumes of 270 million hl were 3% ahead of the prior year on an organic basis (i.e. excluding growth resulting from M&A's), with lager volumes up 2%, soft drinks volumes up 3% and other alcoholic beverages up 22%. Volume growth was also accompanied by share gains in a number of markets. Group revenue grew by 7%, driven by the higher volumes, selective price increases in the current and prior year, as well as favourable brand mix, all reflecting the strength of SABMiller's brands.
The group's financial highlights include:
|Financial highlights||2011, US$m||2010, US$m||% change|
|Profit before tax||3,626||2,929||24|
|Adjusted earnings per share:|
|Dividends per share (US cents)||81.0||68.0||19|
|Free cash flow||2,488||2,028||23|
Miller Brands Ukraine (a subsidiary of SABMiller since July 2008) achieved an impressive total volume growth of 21% in the year ended 31st March 2011. Almost half of that growth came from premium licensed brands, recently introduced by the company: Miller Genuine Draft, Velkopopovicky Kozel and Zolotaya Bochka. In this respect Miller Brands Ukraine became No. 2 among SABMiller's subsidiaries in Europe, second only to the company's UK operation which recorded 23% growth in lager volumes.
Throughout the year the Ukrainian subsidiary of SABMiller has paid a total of almost UAH 138 million in taxes, making Miller Brands Ukraine an important contributor to the country's well-being and economic development.
Igor Tikhonov, General Director of Miller Brands Ukraine, said:
"Last financial year was a good one for the company. SABMiller entered the Ukrainian market by acquiring JSC Sarmat in 2008, and since Day 1 we have been working hard on upgrading the production facilities and business processes, to meet the very demanding global quality standards of SABMiller group. We have completed the task, and to signify the considerable improvements that we have made to the original company, last year we changed the name from Sarmat to Miller Brands Ukraine. Our results in financial year 2011 prove that it wasn't a simple change of a sign-board with the company name. The improved production quality combined with efficient marketing and sales processes led to significant volume growth. I'm especially glad to note the excellent performance of our licensed brands last year. The premium segment is where SABMiller is really strong in many countries of the company's presence. This segment is also a strategic focus for Miller Brands Ukraine, the area where we see our future in this market."
23 May. 2011