Brazil: Schincariol, Brazils second largest brewing group, announced on February 28 a 58% year-on-year growth of its sales to BRL2.54bn (US$970.5m) in 2004. Sales in the last quarter of 2004 rose by 10.5% against the corresponding period last year, up to BRL812 million. EBITDA (earnings before interest, tax, depreciation and amortisation) soared by 230% year-on-year in 2004, reaching BRL162 million.
Schincariol said it held 16.4% share in its domestic beer market.
The company added that it expects sales this year to rise by 15% year-on-year.
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