Edition:
India

Anadolu Efes Expects Consolidated Sales Volume To Grow By Low To Mid-Single Digit For 2019


Friday, 1 Mar 2019 

March 1 (Reuters) - ANADOLU EFES ::SAID ON THURSDAY CONSOLIDATED SALES VOLUME IS EXPECTED TO GROW BY LOW TO MID-SINGLE DIGIT FOR 2019.TURKEY BEER SALES VOLUME IS EXPECTED TO BE FLATTISH FOR 2019.TOTAL BEER VOLUME IS TO GROW BY MID-SINGLE DIGIT (FLAT ON A PROFORMA BASIS) FOR 2019.EXPECTS CONSOLIDATED SOFT DRINKS SALES VOLUME: 3%-5% GROWTH FOR 2019.CONSOLIDATED NET SALES REVENUE IS EXPECTED TO INCREASE IN ALL BUSINESS LINES WHILE OUTPERFORMING SALES VOLUMES FOR 2019.CONSOLIDATED EBITDA MARGIN: SLIGHT IMPROVEMENT IN MARGIN IN 2019.CAPEX: AS A PERCENTAGE OF SALES, HIGH SINGLE DIGITS ON A CONSOLIDATED BASIS FOR 2019.WITH SALES GENERATED FROM EMERGING AND FRONTIER MARKETS, POLITICAL OR ECONOMIC INSTABILITY COULD DETERIORATE CONSUMER SENTIMENT.SAYS FURTHER ESCALATION OF GEO-POLITICAL TENSION MAY NEGATIVELY IMPACT OUR PERFORMANCE.SAYS 2019 WILL CONTINUE TO BE A CHALLENGING YEAR FOR EMERGING MARKETS.SAYS COMPANY HAS BEEN TAKING ACTIONS TO MITIGATE FINANCIAL MARKETS RELATED RISK AS MUCH AS POSSIBLE AND MANAGE VOLATILITY TO SOME EXTENT.