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4-2017

Global hop market

A 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 Russia

Germany 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.

Belgium. Duvel Moortgat’s turnover for the first quarter “presents good internal growth”

Belgian brewer Duvel Moortgat on Monday said its turnover for the first quarter “presents good internal growth”. All brands, with the exception of Bel Pils, are progressing. The growth in turnover is also positively influenced by the incorporation of the De Koninck group turnover for the three-month-period.

In the first quarter, a great number of efforts were made in all fields in order to reconnect to growth Brouwerij De Koninck in general and the “Bolleke Koninck” in particular, the company said.

The financial results in the first quarter are negatively influenced by the weak dollar (starting in the third quarter of 2010) and the increased burden of debt as a result of the acquisition of the De Koninck group, the specialty brewer said.

Duvel Moortgat said it is confident to record further growth in turnover and operational result in 2011.

Dividend

Subject to approval by the General Meeting, the net dividend of € 0.975 per share will be payable as of 20 June 2011 at the counters of Fortis Bank, Dexia Bank and Bank De Groof on presentation of coupon number 12. The coupons of the own shares held (97,747 shares) are destroyed.

About Duvel Moortgat

The Duvel Moortgat group, founded in 1871, is an independent producer of authentic specialty beers and premium brands. Around the world, the group is considered to be the leading producer of blond, bottle-conditioned, high fermentation beers, a dominant position owed largely to the success of its best-selling product Duvel.

A pioneer in fermentation and secondary fermentation techniques, Duvel Moortgat has not only grown into being the third largest brewery group in Belgium, but is above all market leader in terms of operating rate of return.

Since early June 1999, Duvel Moortgat N.V. has been quoted on Euronext Brussels.

24 мая. 2011

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