Ambev vs. Anheuser-Busch: A Primer on Retained Earnings

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In my last article, I recommended Brazilian beermaker Ambev (ABV). In the comments section an argument was made that Ambev’s parent company Anheuser-Busch InBev (BUD) was in fact the better beer buy. The concern generally centered on Ambev’s growth prospects and hence its valuation. (more…)

UK. Marston’s: managed pub sales boost

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Marston’s has announced a 2.9% uplift in like-for-like sales in its managed pubs division for the 42 weeks to 23 July.
The company said its performance has been “encouraging” and “robust” despite the difficult trading environment. Profitability is in line with expectations. (more…)

Krombacher: a brand built on purity

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Krombacher is Germany’s best selling beer but is relatively un-known in the UK market. Ewan Turney visited the brewery to find out more about the brand looking to take on the UK market. (more…)

Krones reports rising sales and profit in H1 2011

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During the first half of 2011, Krones AG, the world’s market leader for beverage filling and packaging technology, achieved significant increases in all important ratios compared with the preceding year, the company announced on Wednesday. Krones has been profiting from the cyclical upturn and the extensive initiatives it has taken to upgrade its corporate performance, it said. (more…)

Hop market remains in need of recovery

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A necessary downsizing process that has already begun in hop production: In 2010, worldwide acreage totalled 52,000 hectares of hops – a drop of over eight percent when compared to the previous year, the Bath-Haas Group said in its Barth-Report Hops 2010/2011 released on Monday. 35% of acreage is in Germany and 24% in the USA. (more…)

World beer output grows 1.6% in 2010

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Following a slight decrease in output in 2009, world beer production increased again in 2010. Production totalled 1.85 billion hectolitres, representing an increase of 29 million hectolitres or 1.6% on the previous year, Heinrich Meier, editor of the Bath report said in a statement for the press conference on Monday in Munich. Looking back over the last decade, beer output has grown by an average of 45 million hectolitres, or 3%, every year, the Bath-Haas Group said in its report. The increase in output in 2010 can be attributed to different developments throughout the world. (more…)