Beer market of Russia 2016: PET goes to draftThe beer market of Russia was warmed up by the hot summer, but the preparation for large volume PET prohibition has already impacted it negatively. The year was successful for Efes, MBC and regional producers; Carlsberg’s positions were virtually stable but AB InBev and Heineken lost a part of market share having focused on the sales profitability. The dynamics of big brands was determined by how much the companies were willing to keep the prices down or by their promotional activity. In this context the economy segment of the beer market and sales of inexpensive draft beer were increasing. The premium segment started shrinking due to license brands migrating to the mainstream segment.
Beer market of Vietnam: “Young tiger”Vietnam is one of the few big beer markets that continue to grow steadily. The beer popularity results from its low price, street consumption culture, and social motives. The outlooks of beer market as well as the Vietnamese economy inspire optimism, though the country is heavily dependent on export of goods. The state regulation can be called liberal, but the key risk for brewers is harbored in intensive rising of excise. Within TOP-4 there are two leaders, Sabeco and Heineken that grow at the fastest rates. The first company effectively employs its capacities, the second one focuses on marketing technologies. Almost 80% of the market belongs to century-old brands, yet the middle class and the youth are shifting their interest toward international premium that is growing taking share from the mainstream.
Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
India. UBHL seeks a month’s time to file results due to Vijay Mallya cases
In a letter to leading bourses NSE and BSE, United Breweries (Holdings) Ltd (UBHL) said it is being “hindered from complying with requirements” of submitting its audited standalone results for 2015-16 by May 31.
The SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 mandates a company to file financial results within 60 days of the end of every financial year.
“As you may be aware, Kingfisher Airlines, a group company of UBHL, is in debt to several banks. In this regard, Vijay Mallya, Chairman of UBHL, has made a settlement offer before the Supreme Court to the consortium of banks headed by SBI,” the company said in the letter.
The settlement offer is under consideration by the consortium of banks. A part of the substantial settlement amount to be paid to the consortium of banks is to be met by monetising certain assets of the UBHL, it added.
UBHL said the Supreme Court in its last hearing on April 26, referred the matter to the Debt Recovery Tribunal, Bangalore, to hear and decide on it within two months. The first hearing before DRT will commence on June 2.
“Due to uncertainties resulting from the background discussed above, UBHL is being hindered from complying with the requirements of finalising the annual accounts and filing financial results within the prescribed 60 days from the end of the financial year,” the company said.
Terming its current situation as “extraordinary circumstances which are not in its hands”, the company added: “We request you to grant UBHL time up to July 31, 2016 in order to allow us to appropriately finalise the annual accounts and submit the financial results.”
UBHL is the holding company of beleaguered industrialist Mallya, who is wanted in India as lenders seek to recover dues owed by Kingfisher Airlines. His financial troubles began to mount after Kingfisher Airlines had to be grounded under big losses and huge debt.
Mallya recently signed a lucrative exit deal with Diageo, to whom he had earlier sold a majority stake in United Spirits, and said he intended to spend more time in England.
24 May. 2016