Romanian sales of SABMiller, producer of the Ursus and Timişoreana brands, remained steady (in terms of volume) in the October-December period of 2010, compared with the similar period of 2009, at a time when the market recorded a decline, according to data in the company's quarterly report.
The reporting period is the third quarter of the company's financial year, i.e. April 2010-March 2011.
The stabilising trend of Ursus Breweries sales is a positive signal for the entire market, after the previous downward trend. Therefore, in April-September of 2010, the first half of the company's financial year, the decline amounted to 11% against the previous financial year.
The company, which also has brands such as Ciucaş, Stejar, Azuga, Redd's, and Peroni Nastro Azzurro in its portfolio, has plants in Timişoara, Buzău and Braşov.
The turnover of Ursus Breweries, the local subsidiary of SABMiller, stagnated in RON terms and fell by over 12% in euro terms, to 1.2 billion RON (284.2 million euros), according to Trade Registry data for 2009, the latest available data.
Romanian sales of SABMiller, producer of the Ursus and Timişoreana brands, remained steady (in terms of volume) in the October-December period of 2010, compared with the similar period of 2009, at a time when the market recorded a decline, according to data in the company's quarterly report.
The reporting period is the third quarter of the company's financial year, i.e. April 2010-March 2011.
The stabilising trend of Ursus Breweries sales is a positive signal for the entire market, after the previous downward trend. Therefore, in April-September of 2010, the first half of the company's financial year, the decline amounted to 11% against the previous financial year.
The company, which also has brands such as Ciucaş, Stejar, Azuga, Redd's, and Peroni Nastro Azzur
