Grolsch increases its profit
The Dutch brewer said that operating profit for the six months to the end of June rose to EUR11m compared to EUR10.2m in the corresponding period a year earlier. The lift came on the back of rising sales, which were up 8% to EUR164m from EUR152m.
The company credited the worldwide introduction of the
returnable 33cl bottle in the half, and strong exports to the US for the
increases.The successful cooperation with Anheuser-Busch in the
US led to a marked increase in sales, with volume growth of above 50%. Volume
growth overall for the international operations was 8%.Looking forward, Grolsch said it expects full-year net
profit growth to hit around 10%, but warned that it "currently faces
drastic increases in raw materials prices". The cost of malt has doubled
since last year, the brewer noted.In April, Grolsch was stung by a EUR31.58m fine by the
European Commission for its part in a cartel between brewers in Holland.
Grolsch, who is appealing the fine, said today that it provisionally advanced
the amount of the fine in July.
Related news
Related news
The Fressnapf group opened a customer service center in Pécs
Fressnapf International Business Services Kft., a subsidiary of the German…
Read more >DHL arrived at the Hungaroring for the Formula 1® weekend with a doubled fleet of trucks powered by biofuel
DHL and Forma-1® are already in Mogyoród, the FORMA-1® HUNGARIAN…
Read more >McDonald’s is renewed and growing
McDonald’s is constantly opening new restaurants and modernizing its existing…
Read more >