Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

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.

Plze?sk? Prazdroj announces its financial results

In the fiscal year ending March 31, 2011, Plze?sk? Prazdroj reports income for sales of goods, the company's own products and services amounting CZK 14.559 billion and profit before tax CZK 4.180 bn*. The company’s financial performance has been influenced by the increase of the excise on beer in January 2010 and continuous adverse economic conditions. Despite of that Plze?sk? Prazdroj remains a significant contributor to the Czech economy, paying CZK 4.7 bn in taxes and investing CZK 53.8 million into the communities

Key Highlights:

Revenues from main activities decreased by 5.5% to CZK 14.559 billion
Profit before tax decreased by 10.8 % to CZK 4.180 billion*
Plzensky Prazdroj remains a significant contributor to the Czech economy
CZK 4.7 bn paid in taxes is among 11 top corporate tax payers**
CZK 53.8 million investing into communities development in last 12 month***
CZK 5.9 billion of value generated for suppliers, of which 87% of sourced from the Czech Republic***

Doug Brodman, Managing Director of Plze?sk? Prazdroj, comments on the results:

“Brewing industry plays a significant role in the Czech culture and the economy. Over the last 2 years, challenging market conditions have significantly influenced the whole Czech beer market. One of key adverse influences was beer excise tax increase during the difficult economic conditions. This measure did not meet government expectations at all and adversely impacted the brewing industry’s ability to develop and invest.

These market conditions have reflected in our results for the year, however, we have continued to invest not only into our breweries and brands but also to the development of communities where we operate. We will continue to retain our focus on further development of our brands, our people’s capability and delivering the best beer experience to our consumers.”

*This result does not include any one-off, extraordinary accounting entries.

**The total tax paid includes corporate income tax, VAT, excise tax, real estate tax and road tax.

***Source: Measurement of NGO Business for Society, Standard Responsible Company

NOTE: The financial highlights included in this report are not audited due to the spin off of the European Imports business unit, which was effective as of April 1 2010.

8 Июн. 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
×