Stable Results for Ottakringer

Published: November 12, 2011; 14:12 · (Vindobona)

In spite of increasing costs and sales problems in Hungary, the Austrian major brewery and mineral water producer expects to maintain results of 2010.

Stable Results for Ottakringer / Picture: © Ottakringer

This year, Ottakringer faced several problems in the beer segment. The Hungarian subsidiary Pecsi Sörfözde (“Pecs”) is exposed to a strong price pressure. Moreover, the unfavorable development of the Hungarian currency Forint brought a decline in sales. As a result, the beer segment is still behind its expectations, CEO Sigi Menz states.

In spite of rising commodity and…

This article includes a total of 240 words.

or Log In