Novabev Group cuts shipments of alcoholic beverages 4.2% to 16.2 mln dal in 2024

MOSCOW. Jan 16 (Interfax) - Novabev Group , among Russia's leading alcohol producers, cut shipments of alcoholic beverages 4.2% year-on-year to 16.2 million decaliters in 2024, the company said.

Sales of proprietary products decreased 4% to 12.8 million dal.

"The downturn occurred owing to low-profit brands in the economy segment and regional brands. Brands in the premium and higher segments demonstrated double-digit growth rates throughout the entire year, thereby positively affecting the financial performance," the group said.