Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

drinktec

Australia. Foster’s says beer market decline easing

Brewer Foster's Group Ltd says a decline in the Australian beer market is easing, and the market should grow again once the current period of economic uncertainty ends.

"The market decline has begun to moderate in recent months, and we expect continued improvement," Foster's chairman David Crawford said in Foster's 2011 annual report.

"The long-term fundamentals of the beer and cider categories in Australia remain strong, and once through the current period of economic uncertainty, we are confident that the beer category will return to its long-term trend of modest growth."

The craft beer and international premium beer segments were likely to lead the beer category, and the cider category was expected to remain in strong growth.

Foster's said beer was still the most popular alcohol category in the market, and there were opportunities for beer and cider to become even more popular.

The annual report showed that Foster's chief executive John Pollaers, who started in the role in May 2011, received total remuneration for the year of $1.18 million.

Ian Johnston, who was previously chief executive until Foster's demerged its beer and wine operations, received total remuneration of $5.89 million.

Foster's shares ended two cents lower at $4.89 on Wednesday.

AAP

21 Sep. 2011

Advertising

pilsena_en
gea
sidel100x100
jg
portinox

Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Home
Magazines
News
×