“The market continued to suffer the effects of a fragile
economic environment and government austerity measures,” reads the
report.
With these results that correspond to the first quarter of its
fiscal year, Ursus cannot put a lid on declines, considering the
brewer reported an 8% fall in sales volume in the April 2010-March
2011 financial year.
Ursus is the first brewer that releases results for this period.
There is no information available on the company’s turnover in April-June 2011 or 2010. According to the latest data available from the Trade Registry, Ursus Breweries’ turnover stalled in lei and slid by over 12% in euros, to 1.2 billion lei (EUR284.2 million). (EUR1=RON4.2454)
(English version by Catalina Apostoiu, editing by Loredana Fratila Cristescu)