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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.

UK: Charles Wells sees FY profits slide, appoints new brewing MD

FY profits (after tax) fall by 9% to GBP6m
Net sales flat at GBP189m
EBITDA rises by 4% to GBP17.4m
International sales up 28% year-on-year

Charles Wells has reported a slide in full-year profits as it continues to feel the impact of losing the rights to Corona Extra and Red Stripe lagers in the UK.

Profits after tax fell by 9% to GBP6m (US$9.72m) in the 12 months to the end of September, the company, which incorporates Wells & Young’s Brewing Company, Charles Wells Pub Company and John Bull Pub Company, said today (18 December). Sales in the period were flat at GBP189m.

EBITDA increased by 4% to GBP17.4m in the 12 months.

The group said it had expected a fall in overall profits as the “full effect” of losing Red Strip and Corona in 2010 was felt. However it said the drop was offset by the acquisition of McEwan’s and Younger’s brands last year.

In international makets, the Bedford-based group saw a bounce in sales, up 27.7% year-on-year.

The group's wine company, Cockburn & Campbell, reported a 6% rise in sales, with volumes up 2.8%.

Meanwhile, Charles Wells' FD Justin Phillimore has been appointed as Wells & Young's new MD, replacing Nigel McNally who left in September.

A new group HR director, Andrea Holton, has also been appointed.

Both start their roles on 7 January.

Paul Wells, Charles Wells' chairman, said the group's performance has been “in line with expectations”. He added: "Our international sales and pub operations have demonstrated that growth is possible at home and overseas, despite the difficulties of the global economy, and our wine company has also delivered excellent growth.”

20 Дек. 2012



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