Brazil: Grupo Petrópolis changes to positive its sales forecast for this year

Grupo Petrópolis, Brazil’s second-largest brewery, has changed its forecast of a decline in sales this year to a single-digit growth thanks to inspiring sales results in the north-east of the country, Reuters reported on October 14.

The company, which is trying to expand its presence across the country by 2020, now expects this year’s sales to grow by 2-3%.

Grupo Petrópolis’ market share last year was 12.94% and reached 14.1% in September this year.

16 October, 2016