The result comes after a decline of 5% in the volume of the beer market in 2022, continuing the difficult period for this sector after consumption stagnated in 2021. Net profit reached RON97 million in 2022, down 62% on 2021.
“We are in a period of multiple challenges and the effects of the conflict in Ukraine are still visible, especially in the supply chain. At the same time, high inflation is putting pressure on consumers, reducing the budget they have available for relaxation or entertainment. Changes from the previous year, such as rising raw material and service costs or the increase in excise duty on beer, are still being felt in the business,” Ursus Breweries representatives say.
The excise duty on beer increased in the middle of last year and brewers at that time anticipated a contraction in the market as a result of higher prices.
(English version by Loredana Fratila-Cristescu)