E-Malt.com News article: 1242

Belgian brewing force Interbrew reported on June 25 that during the first five and a half months of 2003, it has realized volume growth, outperforming most markets in which it operates. “The worldwide beer industry was characterised by a slow first quarter, followed by a partial recovery in the second quarter, which saw favourable weather conditions throughout Western Europe,” said the company in a statement.

“In line with expectations outlined at the presentation of the 2002 results in March, Interbrew continues to believe that, excluding currency impact, it will achieve meaningful organic volume and organic profit growth for 2003.”
“Both Russia and the Ukraine experienced excellent year-to-date performance with volumes and market share showing substantial growth. Overall volume growth was realised in the whole of Central Europe, slightly ahead of the market. In Western Europe, share gains occurred in most of our markets. Beck's® and Hasseröder® outperformed the German market on a year-to-date basis, despite the impact of the German deposit-tax law on non-returnable packaging. Weaker volumes were realised in the US import segment, as generally witnessed by the industry. Canada continued its positive market-share development. Volume in China was impacted by SARS, but a solid recovery started in May. South Korea achieved encouraging volume development since the re-launch of the OB® brand in April.”


26 June, 2003