icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Baltika brews 9M 2008 Net Profit increase

Baltika brews 9M 2008 Net Profit increase
Russia’s largest brewer, Baltika, has unveiled a 9M Net Profit of € 360.7 million under IFRS.

The bottom line result was up 7.7% on the same period 2007, with EBITDA coming in at € 607.3 million, up 11.7%, on the back of Revenue of €1.98 Billion, up 12.8%.  Baltika says the result was affected by rising raw material costs, and an unseasonably cold late August and September but said its market share grew over the period to 38%.  The St Petersburg based brewer, majority owned by Carlsburg, also trumpeted the sales growth of its premium brands with Baltika becoming the number 1 brand in Europe according to by sales volumes in 2007 according to data from international agency Canadean.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.