InBev promises to deliver better results

07 September, 2007

InBev has vowed to "do better" in the UK market after disappointing second-quarter sales.

InBev's UK volumes dropped by 11 per cent in the three months to June 30, compared with the same period last year, with Stella Artois performing weakly, the brewer has said.

In its second-quarter financial statement, the Belgian brewer said the drop implied some share loss in a difficult market.

Chief executive Carlos Brito said, while overall business had improved, "we can do better. We have higher expectations for our China and UK operations. In those operations we have been outperformed by competitors and we must do better".

Second-quarter sales in western Europe and North America were hit amid challenging conditions, the company said, while volumes in other areas grew.

Globally, gross profits grew by 7 per cent to €2.2 million.




Bookmark this


Site Search

COMMENT

Donald Trump: the US has much to learn from history

The reasons Donald Trump should not be left in charge of a shopping trolley, let alone the keys to the White House, are plentiful and well-documented – from his use of the word “bigly” and lamentable business legacy to his dubious post-modern feminist principles, quite astonishing lack of political acumen and, most worrying of all, his bewildering hair. 

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter