Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_Ukrainean


CASTLE MALTING NEWS in partnership with www.e-malt.com Ukrainean
14 February, 2019



Brewing news Vietnam & Thailand: ThaiBev’s profits set to rise 11% in Q1 2019

ThaiBev's profits are set to rise 11% to $255.3 mln (฿5.9 bln) in 1Q2019 from $229.3 mln (฿5.3 bln) as the usual year-end festivities boost beer sales, according to CGS-CIMB.

This could account for over a quarter (27.5%) of the company’s FY19 profits. Revenue could soar 50% YoY to $2.95 bln (฿68.3 bln) as Sabeco continues to record positive results following its restructuring, however finance costs are likely to rise following previous acquisitions.

“We believe the resumption of Thai beer sales and efforts to optimise SABECO’s earnings will reinstate confidence in ThaiBev. Catalysts are higher-than-expected margins across all segments and better results from Sabeco. Risks are vice versa,” said Cezzane See, analyst at CGS-CIMB.

Sabeco reported that their net profit of $245.9 mln (VND4.2 trln) in FY18 has surpassed its target of $234.2 mln (VND4.0 trln) due to its new management’s advertising and marketing strategies.

The beer producer are also showing efforts on streamlining costs and focus on improving business productivity and efficiencies such as slimming down office space, minimising raw material costs and improving distribution network to enhance the freshness of its beer.

On FY18, ThaiBev saw their profits plunge 46% to $77 mln, driven by an increase in finance costs as well as a decline in consumer purchasing power in Thailand. It reflected 13 months of dampened growth.

After a series of decline, its beer production levels rose to 11.2% in November MoM from 10.5% as alcohol demand rose.





Назад



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     Ні      Privacy Policy   





(libra 0.7749 sec.)