Anadolu Efes Reports Resilient H1 Domestic Results

Turkey's leading beer and soft drinks company Anadolu Efes has reported that group sales volumes increased by 4% year-on-year (y-o-y) in H1 of its 2009 fiscal year (through to June 30 2009). Despite the below par performance of Anadolu Efes' international beer unit Efes Breweries International (EFI) (see our online service, July 15 2009, 'Efes International Brewing Unit Down In H1'), the company fared well domestically. Beer volume sales in Turkey increased by 2.3% y-o-y while soft drinks volumes grew by 13.8% y-o-y. Turkey accounts for over 75% of the group's soft drinks sales. BMI is particularly encouraged by the beer unit's performance.

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