Asia: ThaiBev’s beer segment continues to demonstrate impressive growth

Thai Beverage (ThaiBev) posted a 2.2 per cent rise in earnings before interest, taxes, depreciation, and amortisation (Ebitda) to 38.6 billion baht (S$1.4 billion) for the nine months ended Jun 30, from 37.8 billion baht a year ago, The Business Times reported on August 8.

The Ebitda growth was driven by the company’s beer and non-alcoholic beverage segments, due to effective cost management, based on its bourse filing on August 8.

Sales revenue for the nine months came in at 217.1 billion baht, up 0.5 per cent from 215.9 billion baht in the same period last year. The company attributed the muted growth to a challenging economic situation.

Ebitda of the group’s beer segment continued to demonstrate impressive growth of 10.2 per cent, driven by effective brand investment and marketing activities, the company said.

Sales revenue of its beer business was up 0.6 per cent on the year to 93.8 billion baht, despite a 2.9 per cent decline in total sales volume, which was impacted by weakness from its Vietnam beer business.

The group, however, highlighted a “satisfactory” sales volume growth in the beer business in Thailand, attributable to the recovery of tourism in the country and the benefit from warmer weather.