E-Malt.com News article: 784

Belgian brewing force Interbrew, the world's fourth-largest brewer reported on March 19, 2003 a 9% growth of its organic earnings before interest, depreciation and amortization (EBITDA) and a 3.3% growth of its organic net turnover for 2002 year. Interbrew also posted an 11.5% rise of its organic operating profit (EBIT). Strong global brand performance is led by Stella Artois® with +10.7% volume growth worldwide and by Beck’s®, with +5.6% volume growth worldwide.

“Our results in 2002 show the underlying strength of the business. Interbrew has a truly outstanding portfolio of brands, which provide an impressive platform for growth. During 2003 we will continue to build on this platform and on our strategy of being The World’s Local Brewer©, but there will be changes in the way we deliver the strategy. The company will continue to focus on delivering real value to shareholders. While it is impossible for me to be totally prescriptive after only six weeks, I would highlight three key areas: First, there needs to be a greater focus on organic volume growth, integration and synergy capture, as they are the cornerstones of all successful consumer goods companies. Second, while we will look at acquisitions, where appropriate, there will be very close scrutiny to ensure that they continue to be strategic and, in a more competitive mergers-&-acquisitions environment, to create real value. Third, we will have an increased focus on people. Our business is one of relationships and partnerships. Investing in talented people who can build those relationships and partnerships will be a key item on my agenda,” John Brock, Interbrew’s new Chief Executive Officer said.


19 March, 2003