BELUGA Group (MOEX: BELU) reports the results of the EGM. At the EGM, held on 16 October 2020, BELUGA Group shareholders approved the payment of interim dividends for 1H2020 in the amount of RUB19 per share.
BELUGA Group (MOEX: BELU) reports strong operating results for 9M20. Sales volumes increased by 11.4% YoY in 9M20 to 11.6mn 9L cases. The company’s own brands sales grew by 8.1% YoY to 10.1mn 9L cases and sales of imported brands increased by 41.8% YoY to 1.5mn 9L cases.
We initiate coverage of Beluga Group (MOEX: BEGU), the leading Russian alcohol producer and important global market player. Beluga Group is the number one Spirits producer in Russia and ranks as a top-four vodka producer globally. It manages a portfolio of own and imported alcohol brands.
BELUGA Group (MOEX: BELU) reports strong 1H20 financial results. Revenue increased 23% YoY in 1H20 to RUB26,283mn on the back of sales growing 15% YoY to 7.173 million 9L cases. Operating income rose 25% YoY to RUB2,167mn and EBITDA reached RUB3,325mn, up 23% YoY in 1H20. The company reported net profit of RUB460mn, up 2% YoY in 1H20, and earnings per share of RUB35.76, up 22% YoY.