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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.

India. UBHL seeks a month’s time to file results due to Vijay Mallya cases

UBHL has sought a month’s time to file last fiscal’s results citing “uncertainties” resulting from ongoing cases against its Chairman Vijay Mallya in the Supreme Court and Debt Recovery Tribunal over the Rs 9,000 crore dues owed by its defunct group firm Kingfisher Airlines to lenders.

In a letter to leading bourses NSE and BSE, United Breweries (Holdings) Ltd (UBHL) said it is being “hindered from complying with requirements” of submitting its audited standalone results for 2015-16 by May 31.

The SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 mandates a company to file financial results within 60 days of the end of every financial year.

“As you may be aware, Kingfisher Airlines, a group company of UBHL, is in debt to several banks. In this regard, Vijay Mallya, Chairman of UBHL, has made a settlement offer before the Supreme Court to the consortium of banks headed by SBI,” the company said in the letter.

The settlement offer is under consideration by the consortium of banks. A part of the substantial settlement amount to be paid to the consortium of banks is to be met by monetising certain assets of the UBHL, it added.

UBHL said the Supreme Court in its last hearing on April 26, referred the matter to the Debt Recovery Tribunal, Bangalore, to hear and decide on it within two months. The first hearing before DRT will commence on June 2.

“Due to uncertainties resulting from the background discussed above, UBHL is being hindered from complying with the requirements of finalising the annual accounts and filing financial results within the prescribed 60 days from the end of the financial year,” the company said.

Terming its current situation as “extraordinary circumstances which are not in its hands”, the company added: “We request you to grant UBHL time up to July 31, 2016 in order to allow us to appropriately finalise the annual accounts and submit the financial results.”

UBHL is the holding company of beleaguered industrialist Mallya, who is wanted in India as lenders seek to recover dues owed by Kingfisher Airlines. His financial troubles began to mount after Kingfisher Airlines had to be grounded under big losses and huge debt.

Mallya recently signed a lucrative exit deal with Diageo, to whom he had earlier sold a majority stake in United Spirits, and said he intended to spend more time in England.

24 мая. 2016

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