NovaBev Group reduced shipments of its own brands by 7.5% in January-September

NovaBev Group (“NovaBev Group”, former Beluga Group) in January-September reduced total shipments of alcoholic products by 1.2% compared to the same period in 2022, to 11 million deciliters (dal), follows from reporting companies.

Shipments of own brands over the nine months decreased by 7.5%, while the figures for imported brands increased – +29.3%. In the third quarter of 2023, total shipments increased by 7.3% to 4.2 million decaliters. Of these, sales of our own products increased by 1.5%, and of imported brands by 33.7%.

The number of outlets of the VinLab retail chain, which is part of the NovaBev Group, exceeded 1,580 in September. Sales volume increased over nine months by 33.3%, traffic by 24%, and the average bill by 7.5%.

As previously reported, NovaBev Group’s revenue for the first half of the year increased by 14% and reached 47.9 billion rubles, and net profit increased by 35%, to 3 billion rubles. The company’s EBITDA amounted to RUB 7.6 billion, an increase of 5%. Total shipments of alcohol exceeded 7 million decaliters.

In the first quarter of 2023 NovaBev Group reduced vodka production by 11%, to 1.96 million decaliters, year on year. The company explained that the results of the first quarter of 2023 were affected by abnormal shipments in March 2022 associated with political events.

Lusine Balasyan