Baltika's share on Russian beer market declines for Q1 amid general fall in demand
ST. PETERSBURG. May 11 (Interfax) - The share of LLC Baltika Brewery, which belongs to Danish concern Carlsberg Group, on the Russian beer market amounted to 35.1% January-March 2016, the company's press service said.
Baltika's share on the Russian market in Q1 2015 was 38.4%. So, the figure fell by 3.3 percentage points.
"According to the estimates of Carlsberg Group, in general the volumes of the beer in Eastern Europe continued to fall at average rates, however they managed to return to growth of volumes of initial sales in Russia, Kazakhstan and Ukraine," the statement said.
"Our Eastern European [to which Russia belongs] net revenue grew organically by 20% for the quarter, driven by a strong 12% price/mix and 6% organic growth in total volumes. Reported net revenue declined by 2% due to a significantly negative currency impact," Carlsberg said in a statement.
The main driver of export sales of Baltika in Q1 2016 were non-CIS countries. In particular exports to China rose by 2.5-fold, supplies were resumed to Australia and Cote d'Ivoire, and also export growth continued to European countries. "Active growth, by more than 5-fold, was demonstrated by the countries of the Middle East and North and Central America," the statement said.
Also the development of the non-alcoholic portfolio is continuing in Muslim countries, in particular in Kyrgyzstan and Uzbekistan, and the geography of supplies of non-alcoholic soft drinks in the Middle East and Africa is expanding.