Companies / Czech Republic
Budvar Sees Benefits Of Anheuser Deal
March 2008 | Company News AlertCzech brewer Budejovicky Budvar has reported a major boost in American exports, as 2007 export volumes to the US soared by 37% from 8,000 hl in 2006 to 11,000 hl, thanks in large part to its distribution agreement with American rival Anheuser-Busch. Budvar continues to achieve impressive sales results primarily through a growth in exports, now exporting to 53 countries, as overall exports grew by 6% in 2007 compared to the year before. Given the lower growth rates in its home market, Budvar has become increasingly dependent on exports, as Germany and the UK continue to be the most important
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