Baltika says beer market share falls 1.9 pp to 30% in 2018

MOSCOW, Feb 6 (PRIME) -- The market share of Russia’s largest beer brewery Baltika fell 1.9 percentage points to 30% in 2018 in physical terms, the company said in a statement on Wednesday.

Sales of the company went up 2% last year, the company said without providing absolute figures.

In general, the Russian beer market increased 3% in 2018, growing for the first time in 11 years, the company said.

Exports of Baltika jumped 25% last year, and investment in business development amounted to 3.5 billion rubles.

(65.5691 rubles – U.S. $1)

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