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Dated: 22 August 2007
Beer giant InBev reported fulfilling its 30 percent Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margin target in 2006, one year ahead of schedule.
The company, which manages brands like Stella Artois and Beck’s, achieved normalized EBITDA margin of 31.9 percent, up from 28.6 percent.
Normalized EBITDA grew 16.8 percent organically to US$5,715 million as volumes climbed by 5.9 percent organically.
“With two-thirds of our business in developing markets, we are well positioned for growth,” said InBev in its financial highlights.
Its five objectives in 2007 are becoming an efficient sales-driven company that out-performs its competition, increasing brand equity, innovation generated from consumer understanding, tracking value creation on each euro spent and resource allocation.
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(1 November 2008)
The surf is up for consumers to dictate market trends. Mintel predicts consumers will be in control of their spending in the light of economic uncertainty. ''People around the wor...
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(21 October 2008)
The latest RNCOS research report Emerging Organic Food Markets'' states that the organic food market is gaining a strong foothold in global food markets as the global population is...
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(20 October 2008)
In its latest report, Euromonitor International examines key opportunities for weight management ingredients in foods and beverages. Ingredients such as fiber, green tea extract an...
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(2 October 2008)
A consumer survey conducted by AFIC in five Asian countries shows that consumers are ready to accept benefits from biotechnology-derived foods. Genetically modified foods will most...
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(1 October 2008)
My friends in the industry have been excited lately about expanding their businesses in India. I share their sentiment. Despite the economic uncertainly worldwide, India shines as...
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(26 September 2008)
Independent research and advisory firm, Manufacturing Insights Asia/Pacific, an IDC company, says legislation is currently the main driver for manufacturing companies in the region...
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(1 September 2008)
Regional trade shows such as the Food Ingredients Asia 2008 in Bangkok, Thailand this month are reasons why companies would spend months preparing themselves for. These shows are l...
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(1 September 2008)
According to estimates by Dairy India, the size of the dairy market is expected to grow by more than double reaching Rs 5,20,780 crores ($122,825 million) by 2011. New opportunitie...
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Unilever's top executives had to baracade themselves in a private dining room at the Taj Mahal hotel in Mumbai last week to prevent themselves from being shot at by terrorists. They then had to smash a window and make a dramatic escape, according to a report in The Times.
A year after unveiling its e-commerce site, Meijer will now begin offering grocery and dry good items bought in bulk from www.meijer.com. Unlike existing online grocery services that charge a delivery fee, Meijer will offer free shipping for orders of US$150 and more.
Tesco's like-for-like sales, excluding petrol, rose by just two per cent rise in the UK for the third quarter, the lowest rise in growth since 1993. However, total group sales rose 11.7 per cent
thanks to strong international performance.
Carrefour will be opening two new stores in Romania. The French retailer entered the supermarket segment in the country by acquiring the 21-store Artima chain last year for €55 million. By the end of this year, 20 Artima stores will be rebranded as Carrefour Express.
Ten Russian food retail companies have asked state banks for a total of €1.4 billion in loans to help survive the global financial crisis. The companies include X5 Retail Group, Magnit, Dixy and Seventh Continent, as well as smaller rivals Lenta, Kopeika, O'key, Holiday, Mosmart and Victoria.
The Rewe Group has been given the go-ahead to takeover 328 Plus stores from Tengelmann in Germany. The German anti-trust body, Bundeskartellamt, has unconditionally approved the acquisition by the country's second-largest food retailer.
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