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
IKEA is expanding its services in seven large rural towns
In the spirit of affordability and accessibility, IKEA is constantly…
Read more >Summer arrives early with the new flavour of Borsodi Friss
The Borsodi Friss product line is being expanded with a…
Read more >NAK-FruitVeB: there is also plenty of Hungarian horseradish for export
In addition to the domestic market, there is plenty of…
Read more >