Interbrew has recorded strong organic growth as a result of the hot summer in Western Europe and continued success in the emerging markets of Central and Eastern Europe.
The Belgian brewer, who’s brands include Stella Artois and Tennant’s, recorded a 10.7% growth in turnover to 7.04bn euros for the year to December 31. Pre-tax profit rose by 11.7% to 743m euros for the same period.
In the UK Stella Artois continued its strong performance with volume growth of 12.1% while Castlemaine XXXX achieved its target of 50% replacement of lost Heineken Cold Filtered volumes.
The hot weather in Western Europe drove organic volume growth by 3.4%.
In Central Europe volume growth was up 12.3%. There was even stronger performance in Eastern Europe with a 26.2% growth in volume.
Volume in the US was down 0.6% due to the slowing of imports. A strike in the Montreal brewery over the summer cost the company 16m euros.
Meanwhile, Interbrew announced plans to merge with Brazilian brewer AmBev, which will create the world’s second-biggest beer producer.
The Belgian brewer, who’s brands include Stella Artois and Tennant’s, recorded a 10.7% growth in turnover to 7.04bn euros for the year to December 31. Pre-tax profit rose by 11.7% to 743m euros for the same period.
In the UK Stella Artois continued its strong performance with volume growth of 12.1% while Castlemaine XXXX achieved its target of 50% replacement of lost Heineken Cold Filtered volumes.
The hot weather in Western Europe drove organic volume growth by 3.4%.
In Central Europe volume growth was up 12.3%. There was even stronger performance in Eastern Europe with a 26.2% growth in volume.
Volume in the US was down 0.6% due to the slowing of imports. A strike in the Montreal brewery over the summer cost the company 16m euros.
Meanwhile, Interbrew announced plans to merge with Brazilian brewer AmBev, which will create the world’s second-biggest beer producer.
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