The beer market stood at 16.7 milion hectoliters last year, almost flat (0.4% higher) on 2018, according to Brewers of Romania Association data. Beer consumption per capita was 86 liters.
The net losses of the company reached RON11.5 million, higher than the RON8.7 milion of 2018. This is the fourth year in the red for the Galati-based brewer.
Martens has a market capitalization of RON2.2 million, and its majority shareholder, which owns 67.7% is Belgium’s Bockhold.
More than 50% of the production of the brewer in Galati goes to major retailers as private label products, but the company also has its own brands – Senior, Hora Unirii and Ma Donna.
Its revenue put it on the ninth place among brewers in Romania, according to the latest officially available data for all brewers (2018), in a ranking led by multinationals like Ursus Breweries, Heineken, Bergenbier and URBB (Tuborg).
(English version by Loredana Fratila-Cristescu)