Anadolu Efes Full-Year Earnings Resilient

Turkish diversified drinks giant Anadolu Efes came through FY09 (12 months to December 31 2009) resiliently with net income up 36% on the year to TRY423mn (US$278.2mn). Strong earnings and 3.9% year-on-year (y-o-y) consolidated sales revenue growth to TRY3.1bn came despite particularly tough trading conditions for Efes' emerging Europe beer arm Efes Breweries International (EBI), subsequently emphasising the resilience of the Turkish consumer market in 2009 relative to nearly all of emerging Europe.

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