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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.

Sabeco, Vietnam’s biggest brewer, to list on HOSE in December

Saigon Beer Alcohol Beverage, known as Sabeco, is set to list its shares on Ho Chi Minh City Stock Exchange (HOSE) on Dec. 12, eight years after its initial public offering.

20161118_men-drink-saigon-beer-a-product-of-sabeco_article_main_imageThe shares will start trading at 110,000 dong. Currently, Sabeco's shares are trading off-exchange at 130,000 dong, making the market value of the company 83.4 trillion dong ($3.6 billion).

Sabeco has charter capital of 6.4 trillion dong, equivalent to more than 641 million shares. Vietnam's Ministry of Industry and Trade holds a 89.59% stake in Sabeco, while Heineken has 5%.

Analysts speculated that the small amount of current floating shares will push the price up after the listing. The government's plans to sell a 53.6% stake in Sabeco this year and the remaining 36% stake next year following the divestment progress would make the shares more attractive to investors.

The main bourse listing process was sped up by the company and relevant authorities after Vietnamese Prime Minister Nguyen Xuan Phuc put the company's divestment under direct supervision of his cabinet.

Sabeco is the largest beer producer in Vietnam with 1.38 billion liters a year and held a 41% market share last year, followed by Heineken (729 million liters, 21.6% market share), and Hanoi Beer Alcohol Beverage, known as Habeco (668 million liters, 19.8% market share), according to the Vietnam Beverage Association.

In the first nine months of 2016, Sabeco's revenue grew 9% to 21.8 trillion dong, and its pre-tax profit was 4.5 trillion dong, up 21% year on year, meeting 108% of the full-year target. Net profit increased 23% to 3.5 trillion dong. The company's total assets were 22.7 trillion dong as of October.

Beer consumption in Vietnam reached 3.8 billion liters in 2015, and the industry expects annual growth of 4% to 5% for the next five years.

Local newspapers cited officials from Vietnam's Ministry of Industry and Trade saying that both Sabeco and Habeco have to list their shares on stock exchanges by the year-end, following the government's withdrawal plans from the two largest state-owned beer producers, in the market of over 93 million people.

Habeco, owned 82% by the state, launched its debut in 2008. It also plans to list on the HOSE next month. Habeco's shares closed at 100,000 dong on Thursday, double the price on its listing day on Oct. 28 on Vietnam's Unlisted Public Company Market.

Both Sabeco and Habeco stocks are expected to be on the list of stocks which have daily major impacts on the VN-Index after being listed on the HOSE.

18 Ноя. 2016

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