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Chile Drinks Company CCU 3Q Preliminary Volume Sales Grow 5.2%

Chilean beverage company Compania Cervecerias Unidas SA's (CCU.SN) preliminary third-quarter volume sales increased 5.2% on the year, the company said.

Although the figures are preliminary and CCU only provided percentage change figures, volume sales likely grew to 4.03 million hectoliters, as the company previously reported volume sales of 3.83 million hectoliters for the third quarter of 2010.

Sales for the first nine months of the year increased 4.8%, CCU said without providing further detail. Volume sales for the January through September period likely grew to 12.66 million hectoliters, considering previously reported data of 12.08 million hectoliters sold through the first nine months of 2010.

In Chile, volume sales grew 3.8% on the year in the third quarter, and 3.6% for the first nine months of the year. In neighboring Argentina, meanwhile, volume sales rose 9.9% in the quarter and 8.5% for the January through September period.

CCU makes and bottles beer, soft drinks, mineral water and fruit juices. It also distills pisco-grape brandy and rum.

The company is planning to make investments of $914 million in the 2011-2014 period.

Late last year, CCU acquired a cider business in Argentina.

The company has beverage licenses for products from Heineken NV (HINKY, HEIA.AE), Anheuser-Busch InBev NV (BUD, ABI.BT), PepsiCo Inc. (PEP), Paulaner Brauerei, Schweppes, Guinness and Nestle SA (NSRGY, NESN.VX).

12 Oct. 2011

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