Financial news
Written by: Zhai Ziqian
2020-02-27 14:06
Last updated: 2020-02-27 14:07Budweiser Asia Pacific (1876) recorded a low single-digit decline in sales last year. Due to weak nightlife channels, overall market share fell by approximately 50 basis points.
The company pointed out that in the Chinese market, the e-commerce business recorded strong double-digit sales growth; in the Korean market, the weak industry dragged down sales, but the market share of the retail channel continued to increase, while the market share of the restaurant channel decreased.
Anheuser-Busch Asia-Pacific Co-Chairman and CEO Jan Craps said that although the impact of the new coronavirus pneumonia epidemic is gradually returning to normal in some Chinese cities, the nightlife has not returned to normal, resulting in quiet dining and consumption activities; On the contrary, strong growth in e-commerce channel sales offset the decline in some nightlife and dining consumption.
Yang Ke revealed that more than half of the wineries in China have been reopened, except Wuhan. He expected the impact of the epidemic to continue into the second quarter, and also pointed out that the group's current goal is to expand its market share in existing markets and invest more in other markets such as Southeast Asia to stimulate natural growth.
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