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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.

Vietnam. Sabeco to be listed on exchange

The Saigon Beer, Alcohol and Beverage Corp (Sabeco) may get permission to be listed on the stock exchange in the near future, the Ministry of Industry and Trade (MoIT) said in a statement.

sabeco

The statement was posted on the Vietnam Association of Financial Investors (VAFI) website early this week after the ministry responded to the association's previous complaints on the delayed divestment of the State's capital from Sabeco and the delayed listing of the company.

The delayed divestment and listing of Sabeco on the stock exchange has recently raised public concerns as investors that are not Government agents own less than the required stake in the company's capital.

Under existing regulations, a joint stock company, which was shifted from a state-owned enterprise, must sell at least 20 per cent of its capital to other investors.

The ministry now holds 90 per cent of the company on behalf of the State.

During the past eight years, VAFI has repeatedly urged the ministry and the company's management board to sell all the State's holdings in Sabeco and place the company on the stock exchange to improve the quality of corporate governance, however, the situation has yet to change.

"The delay of listing Sabeco came after the ministry planned to sell its entire holdings in the company before asking for the Government's permission to put it on the stock market," the ministry said.

"The listing of Sabeco on HoSE will be reported to the Government for approval," MoIT said, adding that the delayed listing had failed to meet expectations from the company's investors.

Regarding the divestment of the State's capital from the company, the ministry said that it had proposed the Government approve the divestment of the State's capital from Sabeco four times since 2012. The Government has yet to make the final decision on the plan.

The ministry was not obliged to hand Sabeco over to SCIC because SCIC had no right to take full control of the southern beverage company in accordance with the document 651/TTg-DMDN issued by the Prime Minister on August 5, 2015.

18 Авг. 2016

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