The trend of complication of Russian beer market is going on and in several directions at the same time. The range has got wider, the import and small segments are growing, namely craft beer, alcohol-free beer and special flavor beer. At the same time, all ex-mega brands and light lagers by Russian brewers are experiencing a decline of their shares. AB InBev Efes, Heineken, MBC and Pivzavod Trekhsosenskiy have exceeded the market, Carlsberg was developing slower than the market and Ochakovo as well as some other mid-sized breweries have been cutting down their volumes. To a big extent brewers’ performance was connected to their ability to reach agreement with networks, sacrifice their margin and enter new markets. Craft brewers are facing a serious danger of producers’ registration introduction – de facto licensing. ...
The global outlooks of the legal market of cannabis are excellent. It is possible to simultaneously imagine dry law repeal and craft brewing boom but not in one but in several consumer categories. For alcohol is contained in liquids and cannabis derivatives can be in three physical forms.The value of legal market of cannabis and its products can reach 10% of the world beer market in five years, and in 2030-2040 even reach the same scope provided the current rates of legalization and development of market infrastructure remain at the same level. Cannabinoids are actively integrating into the food industry from chewing gum to beverages deforming the pharmaceutical and alcohol markets, they influence the trends of healthy lifestyle and beauty. ...
Beer market of Kazakhstan acquired both traits of East European countries and South Eastern Asia taking a transitional position between them by many criteria and consumption style. Yet there is a positive trend in beer production which differs Kazakhstan from most of the neighboring countries. The market has remained consolidated in the hands of two international players because of its small size. However, it faces dynamic processes such as fast growth of draft beer sales, up and downs of regional companies and Carlsberg Group’s ultimate expansion. Excessive mainstream segment has declined over the recent years, yet, Zhigulevskoe and national brands with regional links have yielded their positions to a range of new products. In our review special attention was paid to regional analysis of the markets. In 14 regions of Kazakhstan we compared the companies’ positions, the market price segmentation and DIOT channel development. Besides we have compared the beer market of Kazakhstan to neighboring countries. ...
Kirin Forecast Misses Estimates on Australia, Japan Declines
Net income may reach 48 billion yen ($618 million) in the 12 months ending Dec. 31, the Tokyo-based company said in a statement yesterday. That compares with the 62.5 billion yen average estimate of 16 analysts based on data compiled by Bloomberg.
Earnings from its Lion unit in Australia will miss budget as discounting by the nation’s biggest retailers stymies its ability to raise prices, higher ingredient costs curb profitability and stalling consumer demand cuts sales. Declines in the Japanese drinks market will result in revenue missing target and limiting the benefit of overseas acquisitions such as Brazil’s Schincariol Participacoes e Representacoes.
“We want to take a medium to long-term view for Lion,” President Senji Miyake told reporters in Tokyo yesterday.
Kirin expects 2012 earnings from Lion of A$96 million ($103 million), lower than the A$350 million target set in 2010, it said in a presentation on its website. Kirin owns Australia’s second-largest brewer and largest milk processor.
Lion’s management will focus on more profitable products, such as cheese and flavored drinks, to reduce the impact of plain milk discounting by retailers.
Kirin and rivals Sapporo Holdings Ltd. (2501) and Asahi Group Holdings Ltd. have expanded overseas to offset a slump in demand at home. Industrywide beer sales in Japan fell 3.7 percent to 442 million cases last year, the lowest level since records began in 1992.
Schincariol, San Miguel
Among other acquisitions last year, Kirin agreed to buy out shareholders in Schincariol Participacoes e Representacoes in November 2011. The deal at that time valued the Brazilian company at about $3.6 billion excluding debt, when combined with the initial purchase of a 50.45 percent stake.
The brewer increased its stake in Manila-based San Miguel Brewery Inc. (SMB) to 48 percent in 2009, bought a 14.7 percent of Singapore’s Fraser and Neave Ltd. (FNN) in 2010 and purchased a majority stake in Vietnam’s Interfood Shareholding Co. for an undisclosed sum in March 2011.
Kirin’s 2011 annual profit dropped 35 percent as the value of its Sydney-based Lion unit and investments declined. Net income fell to 7.4 billion yen in 2011 from 11.4 billion yen the previous year, the Tokyo-based company said yesterday.
Kirin’s rival Asahi Group Holdings Ltd., which spent at least $1.8 billion on acquisitions in 2011, yesterday forecast 2012 profit will rise 18 percent, in line with analyst estimates.
Asahi, Japan’s largest brewer by volume, said net income may climb to 65 billion yen ($837 million) in the 12 months ending Dec. 31 from 55.1 billion yen in 2011, according to a statement yesterday. The forecast compares with the 64.9 billion yen average of 15 analyst estimates compiled by Bloomberg.
Kirin, Asahi and Sapporo were forced to temporarily shut factories after the March 11 earthquake in northern Japan. Beer shipments by the nation’s five biggest brewers plunged more than 8 percent in the months of March, May and June from a year earlier.
Sapporo forecast net income of 6.3 billion yen in 2012 and 7.4 billion yen in 2013, compared with the 7.95 billion yen mean estimate of five analysts for 2012 and 8.8 billion yen estimate for 2013.
The company posted 2011 net income of 3.2 billion yen, according to statement to Tokyo Stock Exchange.
Kirin’s shares rose 1.9 percent to 967 yen at the close in Tokyo yesterday before the earnings were released. Asahi climbed 0.8 percent to 1,731 yen, while Sapporo gained 0.7 percent to 294 yen.
14 Фев. 2012