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3-2019

Russia: Positions of Brewing Companies

The 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 brands

In 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 2019

During 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.

SABMiller seeks official review of Foster’s accounts

* Claims statements by Foster's were "misleading and deceptive"
* SABMiller says net debt figures don't meet Australian standards
* Panel to review application to be established on Monday
* SABMiller trying everything it can to keep down price-analyst

Global brewer SABMiller , embroiled in a $10 billion battle to take over Foster's Group , has asked Australia's Takeovers Panel to examine financial statements made by Foster's that it claims are "misleading and deceptive."

SABMiller has made a A$4.90 per share hostile bid for Foster's, Australia's largest brewer, which Foster's board rejected as being too low to be "worth discussing."

Foster's released a statement from the takeover watchdog to the stock exchange on Friday, which said SABMiller had asked the panel to force Foster's to clarify information released in its financial statements.

Analysts said while it was not uncommon for a takeover predator to take issue with comments that a target company makes in relation to the bid, it was more unusual for a suitor to attack its target's accounting methods and profit statements.

"My impression is that they are trying to do everything they can to make sure they don't have to increase their offer price," said Daniel Nelson, an analyst at Constellation Capital Management.

Foster's, the maker of Victoria Bitter, Carlton Draught and Pure Blonde, reported a 9 percent slide in second-half profit on Aug. 23, a rare decline with beer margins falling for the first time in a decade and volumes declining.

In a statement, the Takeovers Panel said SABMiller claimed that Foster's had made "misleading and deceptive" statements in its profit announcement last month.

SABMiller argued there was "no reasonable basis" for several forward-looking statements made in Foster's results presentation, according to the Takeovers Panel.

SABMiller also claimed that the net debt figures published by Foster's did not meet Australian accounting standards.

George Durbridge, acting counsel on the Takeovers Panel, said the body would assemble a panel of experts on Monday to review the application by SABMiller.

If the panel decides to review the merits of SABMiller's claims, a final decision on the case could come within two weeks, he told Reuters.

A spokesman for Foster's said the brewer could make no comments on the claims by SABMiller because the matter was before the Takeovers Panel.

SABMiller, the world's second-largest brewer, took its offer directly to shareholders last month after the Foster's board rejected its initial approach. Shareholders are hoping for an offer above A$5 a share.

SABMiller, which makes Peroni, Grolsch and Miller Lite, has long been seen as the favourite to take over Foster's given the lack of potential rivals and the London-based brewer's desire to have a range of global businesses.

Shares in Foster's ended flat at A$4.86 on Friday, below the A$4.90 offer from SABMiller, but outperforming a broader market down 1.5 percent.

2 Сен. 2011

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