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Home | News | International | Anadolu Efes H1 volumes split

Anadolu Efes H1 volumes split

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Tough Russian market conditions overcome

Problems in Turkey, international top end of expectations

Anadolu Efes has reported its half year beer volumes today, with further declines in Turkish volumes but a better than expected result in Russia.

Overall beer production for the first six months totalled 44.6 million hectolitres, a 4.4% over the same period of 2016 and in line with Anadolu Efes’ Guidance of low-to-mid single digit growth.

But there was a split in fortunes between the domestic and international markets. To the end of June beer volumes brewed in Turkey totalled 2.6 million hectolitres, of which 200,000 hectolitres was destined for export markets. This represented an 8.6% decline year-on-year with 2.9mhl reported for the first half of 2016.

Sales were said to have been constrained by unfavourable weather conditions and by Ramadan fully overlapping the second quarter.

Summer weather and the Turkish tourist season beckon better prospects for Q3, with Anadolu Efes also bullish about the prospects of a relaunched Efes driving the entire brand portfolio.

International beer volumes are up by 11.1% for the first six months, to 7.6mhl, on the back of a strong performance in a difficult Russian market.

Anadolu Efes places the Russian beer market down by low-to-mid single digits in the first half of 2017. A variety of factors contributed: regulation of larger sized PET packaging; weak consumer confidence; colder than normal weather conditions; and intense competition.

Anadolu Efes credited its better than competitors performance to a combination of a focus on brands and execution, quick responses to regulatory changes and a greater presence in the modern trade channel.

 

 

 

 

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