E-Malt.com News article: 1620

SUN Interbrew Ltd, a brewing company of Russia and Ukraine announced positive tendencies for the second quarter of 2003. Company’s net profit increased 150% up to EUR 9 Million versus the same period last year, while EBITDA increased 37.7% up to EUR 36.5 million. Company’s operating profit increased 42.8% up to EUR 20.7 million. Sun Interbrew produced about 5 million hl of beer in the second quarter of the year, 38.6% more versus the same period last year.

In Russia sales volumes of the company increased 38% up to 3.2 million hl of beer versus the second quarter last year. That increased the company’s market share from 11.9% in the second quarter of 2002 to 15.2% in the second quarter of 2003. Meanwhile Russian beer market increased only 8%.

SUN Interbrew increased its sales volumes in Ukraine by 39%. Market share of the company in Ukraine increased from 30.6% to 33.8%.

SUN Interbrew Limited is the second largest brewer in Russia and the largest brewer in Ukraine. The company is a strategic partnership between Interbrew, one of the largest brewers in the world, and the SUN Group, operating in the region since 1958, and in the beer sector of Russia and CIS since the beginning of 1990s. The company's main brands are Stella Artois®, Staropramen®, Klinskoye®, Sibirskaya Korona®, and Tolstiak® in Russia, and Stella Artois®, Chernigivske®, Rogan®, Taller® and Yantar® in Ukraine. SUN Interbrew is a public company registered in Jersey, whose shares are listed and traded on the Luxembourg, Frankfurt and Berlin exchanges.


30 September, 2003