Business news from Ukraine

BEER PRODUCTION IN UKRAINE IS RECOVERING AFTER STRONG FALL IN MARCH

The production of beer in Ukraine (except for non-alcoholic beer with an alcohol content of up to 0.5% by volume) in January-April 2022 decreased by 42.8% compared to the first four months of 2021, to 28 million decalitres.
As reported on the website of the industry organization of brewers Ukrpivo on Monday, in the first quarter of 2022, the drop in beer production amounted to 49.9% compared to January-March 2021, decreasing from 34.1 million decaliters to 17.1 million decaliters.
Thus, in April of this year, 10.9 million deciliters of beer were produced, or 39% of the total volume of this drink produced since the beginning of the year.
At the same time, malt production in January-April 2022 decreased by 55.6% compared to the same date in 2021 – to 37.0 thousand tons, while in the first quarter of 2022 its production decreased by 40.8% .
As reported, in 2021 Ukraine produced 5% less beer compared to 2020 – 170.5 million decalitres, and in 2020 its production decreased by 0.4% compared to 2019 – to 179.7 million decalitres.
Malt production in 2021 amounted to 218.5 thousand tons, which is 19.5% less than in 2020. At the same time, the year before last, its production decreased by 18% compared to 2019, to 275 thousand tons.

,

BEER PRODUCTION IN UKRAINE DECREASES BY 50% IN Q1

Production of beer in Ukraine in January-March 2022 decreased by 49.9% compared to the same period in 2021, to 17.1 million decalitres.
According to the Ukrpyvo branch organization of breweries, at the same time, malt production in the first quarter decreased by 40.8% – to 32,800 tonnes.
The organization’s website does not contain data on beer production for February 2022. At the same time, it is indicated that in January of this year, 9.4 million decalitres were produced, 55% of production volumes for the first quarter of 2022.
As reported, in 2021 Ukraine produced 5% less beer compared to 2020 – 170.5 million decalitres, and in 2020 its production decreased by 0.4% compared to 2019 – to 179.7 million decalitres.
Malt production in 2021 amounted to 218,500 tonnes, which is 19.5% less than in 2020. At the same time, the year before last, its production decreased by 18% compared to 2019, to 275,000 tonnes.

,

One of the largest brewing companies in Ukraine Obolon sees net profit fall by 87%

Obolon Corporation (Kyiv), one of the largest brewing companies in Ukraine, in January-September 2021 reduced its net profit by 87% compared to the nine months of 2020 – to UAH 48.64 million.According to the corporation’s report in the information disclosure system of the National Securities and Stock Market Commission, its revenue for the specified period increased by 6.3% – to UAH 4.68 billion, assets did not change significantly and amounted to UAH 5.88 billion, and retained earnings halved – to UAH 167.84 million.According to the report, on July 22, 2020 Obolon sold 100% of the corporate rights of Rokytne Glass Factory (Rokytne village, Rivne region) in favor of Water Word LLC (Lutsk) and a resident individual, the transaction amounted to UAH 53.22 million.According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Obolon is Ukrainian businessman and ex-MP Oleksandr Slobodian.Obolon Corporation produces beer, soft and low alcohol drinks, mineral water, snacks, and is the country’s largest exporter of beer.It includes the main plant in Kyiv and nine enterprises in the regions of the country.

,

UKRAINIAN BEER MARKET STABILIZES FIRST IN NINE YEARS

The Ukrainian beer market has stopped falling and stabilized first in the nine years, Carlsberg Ukraine Director General Yevhen Shevchenko has said.
“According to our internal assessment, the Ukrainian beer market for the first time in nine years has stopped its decline and stabilized. The facilities of Carlsberg Ukraine are not loaded in full, so we focus not only on the beer market, but also on the development of cider and non-alcoholic portfolio – kvass and other drinks,” he told Interfax-Ukraine.
At the same time, the general director said that the company’s production capacities are sufficient for all categories of goods.
Shevchenko said that there has been a trend towards the growth of premium and super-premium segments in the past three years, but still about 70% of the market is occupied by medium- and low-price segments of beer.
“Carlsberg plans to develop all brands of the portfolio, meeting the demand. This year the company has already managed to launch two new products: Robert Doms Golden Ale and Lvivske Kneippa Zhyve, and also offered Kronenbourg 1664 Blanc in a new format – matte can of 0.33 liter,” the general director said, adding that “the company will be limited to the release of only these products in 2018.”

,

BEER PRODUCER OBOLON HAS UAH 288 MLN OF NET PROFIT IN 2017

Private joint-stock company Obolon (Kyiv), a large beer and soft drinks producer in Ukraine, saw UAH 288.78 million of net profit in 2017 compared with UAH 219.4 million of net loss a year ago. According to a company report on holding the general meeting of its shareholders scheduled for April 26, its assets last year grew by 7.5%, to UAH 5.737 billion.
Undistributed profit totaled some UAH 381.1 million at the end of 2017, which is 3.5-fold more than a year ago.
Noncurrent liabilities soared 4.9-fold last year, to UAH 2.058 billion, while current liabilities fell by 47.4%, to UAH 1.737 billion. Total bills receivable grew 1.8-fold, to UAH 1.246 billion.
Obolon Corporation produces beer, soft drinks, mineral water and snacks, and is the country’s largest exporter of beer.
The corporation consists of the main plant in Kyiv and nine companies in the regions. Its main brands are Obolon, Carling, Zlata Praha, Bitburger, Hike Premium, Zibert, Desant, Zhigulevskoye, Yachminny Kolos, Zhivchik and Prozora. The corporation also produces the low alcohol drinks Rio, Gin-Tonic, Cherry Whiskey, Rum Cola, Brandy Cola and Ciber.

, ,