“Catalogue of Russian Beer Producers 2020” includes 1285 businesses ranging from large subsidiaries of international companies to rather small restaurant and craft breweries.This issue has 171 more breweries compared to 2018 (155 business have been excluded and 326 have been included).Starting from 2019, FTS has been publishing data on excise payments by brewers (delayed by 1.5 years), that can be translated into beer equivalent for most of producers.Depending on the volumes, we ranked the brewers that provided information by 6 groups (see pic.). At one end of the production spectrum there are 2/3 of breweries outputting less than 10 thousand decaliters. Their net share amounts to as little as 0.2% of the total beer output volume. On the other end there are 6 federal groups accounting for almost 80%. ...
Dmitry Nekrasov’s Philosophy — on the Past, Present and Future of Ukrainian Brewing IndustryA meeting with Dmitry Nekrasov always turns into a training course: “Introduction to brewing business“. We are talking to a clever “playing trainer“ a person that can be called a godfather of the Ukrainian craft. He has a dozen of successful projects to his name. Dmitry told us about craft beer in Ukraine, on market cycles, on specifity of operating in retail and HoReCa, on union of Ukrainian brewers and certainly, how a brewery of his own, First Dnipro Brewery is doing.
The market of import beer in Russia: review and databasesThe market of import beer is rapidly growing and changing. But while in the past years it was growing due to brands variety, in 2019 major and affordable brands from TOP-10 were developing actively. It seems that the fact of a brand origin from far abroad counties, even if it is not well known but has moderate price and good distribution provides for million liters of sales in the territory of Russia. Among distributors AB InBev Efes was far behind, yet the role of Baltika and suppliers of the second row got more important. The boom of German brands was followed by stagnation of import from other traditional regions (and Belarus) instead the supplies from Mexico, Lithuania and Asian countries grew considerably.
Russia: Positions of Brewing CompaniesThe review contains an analysis of interim performance of brewers in the first half of 2019. There are rather dynamic changes behind a modest industry growth. Baltika is again experiencing a stage of volumes and market share slid due to competition with AB InBev Efes. Because of the price competition and presence expansion in the modern trade company #2. has come close to the leading position. At the same time sales of Heineken Russia have continued growing which makes the premium part of the portfolio heavier. The market premiumization trend had been also confirmed by import brands. MBC and Zavod Trekhsosenskiy have been the most successful among federal market players. The market share of independent regional brewers and Ochakovo have continued falling as they are being squeezed out by the market leaders at their competitive fields.
Ukrainian beer market 2019: companies and brandsIn 2019 beer production and market have been still fluctuating about zero point. However, the past season was successful for brewers judging by the sales profitability. The price mix has improved due to rapid general market premiumization, as well as its particular aspect, the growth of import beer sales. By the season end AB InBev Efes improved its positions considerably. It turned out that consumers had not forgot Efes brands that had to leave the market, but started to recover rapidly. Against the stagnating market that meant sales decline of other companies, in the first place Carlsberg Group that most of all beneficiated from Efes exiting the market. PPB turned out to be stable to branding activity of its competitor and Obolon kept the same volumes and at the moment it is the absolute leader of the economy segment. The share growth of independent producers took place thanks to leading craft breweries, that so far do not have a big market weight, but they are rapidly gaining it.
Brewing industry in Kazakhstan 2019During the first half of 2019, the majority of Kazakh brewers made their contribution into positive dynamics. Yet it was companies of the lower division, not the two transnational leaders that raised their production and sales. The shares of draft beer and aluminum can which is rapidly squeezing glass bottle out of the market, have been growing. The price segmentation has remained stable despite the substantial rise of retail prices and fluctuations of brand market shares, while the borders between segments have become blurred. The main events in the industry have been: the announced revision of the beer excise policy, launch of BeerKhan brand in the strong beer segment, and most important – purchasing assets of Shymkentbeer by Arasan.
Grupo Modelo’s total volume grows 12.4% in Q1 2011
During the first quarter of the year, total volume sold in the domestic market, including the imported brand portfolio, totaled 8.7 million hectoliters, an 11.5% increase compared to the same period of 2010. This is the result of a recovery in consumption levels and a low comparison base, since during the first quarter of the previous year volume decreased 5.7% because of atypical behavior due to various negative factors. It is worth mentioning, however, that even as compared to the first quarter of 2009 we had a positive growth of 5.2%.
Export volume reached 3.5 million hectoliters, an increase of 14.6%, fueled by double-digit growth in practically all regions. In the US we outperformed the import segment due to the good performance of all our brands at the consumer level and because our distributors are taking measures in anticipation of the start of our highest selling season. Exports represented 29.0% of the total sales mix, compared with the 28.5% recorded in 2010.
Net sales grew 9.6% totaling 19,251 million pesos. Domestic sales increased 11.5%, driven by the solid volume growth, while the price per hectoliter remained stable compared with the same quarter of 2010. At the end of February, we implemented a price increase in Mexico based on our revenue management system, aiming to maximize opportunities according to brands, presentations and territories. Net export revenues increased 9.2% because volume more than offset the 4.7% decrease in the peso price per hectoliter, which reflects the appreciation of the peso versus the dollar. However, the price per hectoliter in dollars showed a recovery of 0.8%. Export sales for the quarter in dollars totaled 606 million, a 15.5% growth compared to the prior year.
During the quarter, Crown Imports, LLC, registered net sales of 532 million dollars and an operating profit of 119 million dollars.
The cost of goods sold grew 5.7%, below the net sales growth. The total cost per hectoliter decreased 5.9% as a result of a greater absorption of fixed costs due to higher volume sales as well as favorable prices in some of our main inputs. Gross profit totaled 10,598 million pesos, a 12.9% increase with respect to the prior year. Gross margin expanded 170 basis points and stood at 55.1%.
Operating expenses increased 11.9%, due to higher distribution and marketing expenses as well as expenses in information technology associated to different projects being developed in the organization. Operating profit totaled 4,902 million pesos, a 14.2% growth compared to 2010. The operating margin reached 25.5%, an expansion of 110 basis points.
EBITDA (Operating income + Depreciation and Amortization – Equity income of Associates included in COGS) totaled 5,867 million pesos, a figure 14.6% higher than the one registered in 2010. This figure reflects a 10.4% increase in depreciation and amortization. The EBITDA margin stood at 30.5%, representing a 140 basis points growth compared with the previous year.
The Comprehensive Financing Result showed a one million peso gain compared with the 214 million peso cost registered in the first quarter 2010. This figure is consequence of a lower exchange rate loss generated in the period.
Other expenses and profit heading registered an expenditure of 494 million pesos, due to an increase in the employees’ profit sharing provision and the fixed asset write-offs.
Taxes for the quarter totaled 1,045 million pesos and the effective tax rate was 23.7%. Net majority income was 2,158 million pesos, a figure 3.1% higher than the one registered in 2010, and the margin stood at 11.2%.
As of March 31, 2011, Grupo Modelo’s cash and marketable securities accounted for 21.5% of total assets, which totaled 125,720 million pesos, representing a 4.3% increase over the last twelve months. The company’s financial position remained strong without long-term interest bearing debt, and short-term operational liabilities totaling 11,081 million pesos. Majority stockholders’ equity totaled 79,341 million pesos, representing a 4.5% growth compared to the prior year.
During the first quarter of 2011, Grupo Modelo invested 705 million pesos of internally generated resources, allocated to different areas of the organization.
On April 11, 2011, at the Annual Shareholders’ Meeting a dividend of 7,210 million pesos was declared, which corresponds to 2.23 pesos per share for each of the 3,233,360,332 outstanding shares. The dividend payout ratio was 72.5%. The dividend will be paid in full, in one single payment, on April 20, 2011.
Anheuser-Busch International Holdings, Inc. received a dividend directly form Diblo for 2,184 million pesos as a result of its 23.25% stake in this company.
18 Апр. 2011