Wed, 27 Oct, 2010
Mon, 1 Sep, 2014
The latest round of financial reports issued by the multi-national brewers have landed in recent weeks. And, while there are financial explanations on offer for the market analysts, there’s also scope to compare and contrast results.
Nowhere do the numbers offer greater disparities than with the brewers’ designated global beer brands. Those happy with their immediate lot in life include Heineken, with its namesake brand up 6.6% in volume during the first six months of this year, a reversal from the declines reported in both halves of 2013.
Mon, 25 Aug, 2014
Unions working towards Health Care Union Bargaining Associations
Dear Health Care member,
Nova Scotia's health care system is undergoing radical change by the provincial government. These changes include the government's decision to move from nine District Health Authorities to one provincial board and one board representing the IWK. As a part of this restructuring, the government plans to reduce the number of collective agreements it negotiates with health care unions by requiring bargaining in just four province-wide bargaining units
Fri, 22 Aug, 2014
The 50th Ordinary Congress of Argentina Brewers and Allied Workers Federation (FATCA) is organized on August 15 in Cordoba, with participation of 61 delegates from various workplaces. In his speech, the Secretary General of the Federation, Carlos Frigerio, predicted an increase in labor unrest in the country in the short term.
“Surely we will see a significant increase in unrest during the remainder of the year, especially in the industrial area of Argentina, southern province of Buenos Aires, since many companies are taking the decision to close doors and leave workers on the street, "warned Frigerio.
Thu, 21 Aug, 2014
Carlsberg is considering closing some of its breweries in Russia as consumer spending will be impacted more negatively than previously anticipated.
Following the Danish brewer's half-year results announcement, Jørgen Buhl Rasmussen said the company has already taken “tough decisions” at its Baltic Beverages Holdings division in Russia, including structural changes in logisitics, sales and production. The company has seen a “significant” reduction in headcount at BBH in the last few years.
Wed, 20 Aug, 2014
Organic net revenue up by 4% to DKK 32.1bn (Q2: +4%).
Positive price/mix of 5% (Q2: +5%).
Organic gross profit growth of 6% (Q2: +7%).
8% organic operating profit growth (Q2: +14%) with particularly strong performance in Western Europe.
Reported operating profit growth of 1% to DKK 4,054m (Q2: +6%) negatively affected by a currency impact of DKK 403m (10%).
Flat adjusted net profit at DKK 2,238m (Q2: 7% growth to DKK 2,288m).
Click on the following link to view the full report: http://www.flex-news-food.com/files/carlsberg200814.pdf
Wed, 20 Aug, 2014
Group revenue +4.6% organically with revenue per hectolitre up 1.5%
Group beer volume +3.1% driven by growth in Africa Middle East, the Americas and Western Europe and an improved performance trend in Q2 in Asia Pacific
Heineken® premium volume +6.6% reflecting strong performance in key markets
Innovation rate accelerated to 7.4%, contributing €682 million of revenues
Group operating profit (beia) +13% organically; Group operating margin up 130bps
€141 million of pre-tax Total Cost Management2 (TCM2) cost savings delivered in H1 2014; 3-year TCM2 target of €625 million reached ahead of schedule
Net profit (beia) of €772 million, up 19% organically; diluted EPS (beia) +14%
Targeting year-on-year improvement in consolidated operating profit (beia) margin of around 40bps in the medium term; expected to be above this target level in 2014
Wed, 13 Aug, 2014
Austral Brewery’s decision to dismiss six workers and impose a three-year collective agreement which has no support of the union has led to a strike ballot on July 31.
The strike would be launched after the end of the stage of “good offices" on Friday August 8 if there would be no change in the position of the company. The Rel interviewed Luis Mundaka, the secretary of the National Federation of the Heineken Holding - CCU.
"Last June, six workers who were active in the union work were sacked after the union refused to sign a collective agreement that the company tried to impose unilaterally” Mundaca said.
Wed, 13 Aug, 2014
H1 net profits jump 20% to US$4bn
Net sales in six months to end of June up 15% to $22.8bn
Operating profits (EBITDA) climb 19% to $8.73bn
Q2 net profits up 74% to $2.6bn
Net sales in three months to end of June increase 15% to $12.2bn
Operating profits (EBITDA) up 24.5% to $4.85bn
H1 volumes increase 15% on Grupo Modelo takeover
Brazil beer volumes climb 7.2% on World Cup campaign
US sales to wholesalers down 3.4%
Wed, 13 Aug, 2014
Please find the following report on Anheuser-Busch InBev's performance in its global markets:
Sales to wholesalers were down 3.4% in Q2 and down 0.8% in H1. A-B InBev said this was expected because of an inventory build-up in advance of labour negotiations which resulted in Anheuser-Busch's unionised brewery workers signing-up to a new five-year contract that will give each employee an average US$24,000 in extra wages and benefits over the term. The inventory adjustment “will continue into the third quarter”, the brewer said.