Asia: Sapporo, Carlsberg team up in three Asian markets

Sapporo Breweries in January will start placing a big bet on three Asian markets by teaming up with Danish beer giant Carlsberg Group to sell its Sapporo Premium and Yebisu ...
Опублікований 01/11/2023 Далi

Malaysia: Carlsberg Brewery Malaysia reports decline in third-quarter revenue

Carlsberg Brewery Malaysia Berhad (the Group) has reported a decline in revenue of 10.2% to RM513.4 million and a decline of 0.6% in net profit to RM75.9 million for the ...
Опублікований 01/11/2023 Далi

Romania: Ursus Breweries inaugurates new bottling line at its Brasov brewery

Romania's Ursus Breweries said on November 1 that it has inaugurated a new bottling line at its brewery in the central city of Brasov, following a 50 million euro ($52.8 ...
Опублікований 01/11/2023 Далi

South Korea: Alcohol stocks surge on news of beer, soju price hikes

South Korean brewery and distillery stocks are gaining on November 1 following the news of price increases for soju and beer, Pulse News Korea reported. In the Kosdaq market, Korea Alcohol ...
Опублікований 01/11/2023 Далi

World: Carlsberg reports third-quarter sales broadly in line with expectations, warns of weaker consumer sentiment in Europe and Southeast Asia

Danish brewer Carlsberg on October 31 reported third-quarter sales broadly in line with expectations but warned that weak consumer sentiment in Europe and Southeast Asia could impact beer markets negatively. The ...
Опублікований 01/11/2023 Далi

Denmark & Russia: Carlsberg cuts ties with 'stolen' Russian business

Carlsberg has announced it has terminated its business in Russia after the Kremlin took control of its operations in the country, BBC reported on October 31. The beer company said it ...
Опублікований 01/11/2023 Далi

Brazil: Ambev sees 19.3% jump in third-quarter net profit

Brazilian brewer Ambev SA on October 31 reported a 19.3% jump in net profit on an organic basis, lifting its shares as lower aluminum prices and favorable exchange rates offset ...
Опублікований 01/11/2023 Далi

China: Tsingtao’s third-quarter earnings miss analysts’ estimates

Narrow-moat Tsingtao Brewery’s third-quarter earnings missed analysts’ estimates on revenue and net profit. Sales declined year on year but gross and net profit still grew modestly, as margins benefited from ...
Опублікований 01/11/2023 Далi

India: United Spirits closes its manufacturing plant in Uttar Pradesh

United Spirits Ltd (USL), owned by British multinational alcoholic beverage company Diageo, announced on October 31 that it has closed its manufacturing unit in Uttar Pradesh, which has been in ...
Опублікований 01/11/2023 Далi

EU: 2023-24 barley crop lower than five-year average

The European Commission updated its 2023-24 grain production numbers for its 27 member states last week with soft wheat output increased slightly compared to the September forecast, as were the ...
Опублікований 01/11/2023 Далi