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Baltika Breweries (RTC:PKBA)
Baltika Breweries Analyst Report
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Investor Pulse: Investor Sentiment Monitoring
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Russian company Baltika PK OAO, or Baltika Breweries OJSC, is the leader in the Russian beer market. Its core activities include the production, retail and marketing of beer and mineral water.

The Group exports its products to 43 countries, including the USA, Europe and Israel. It operates through nine wholly owned subsidiaries located in Russia, Ukraine, Kazakhstan, Kyrgyzstan, Belarus, Moldova and Germany. The majority of the company is owned by Baltic Beverages Holding (BBH), a subsidiary of the Danish brewing giant, Carlsberg Group.

Address:
6 Verhniy Pereulok d.3
Saint-Petersburg,194292 Russia
URL: http://eng.baltika.ru/
Elbrus Research Commentary
Baltika’s shares have remained weak in the current crisis, partly as a result of the general crash, and partly as a result of declining beer consumption, the first decline since 1996.

The consensus still seems to be that Russia a solid growth market, and Baltika a solid growth stock. Denmark’s Carlsberg, the world’s second-largest brewer, has been increasing its presence in Russia and its ownership in Baltika. In July 2008, Baltika Breweries was listed in the Financial Times' 500 ranking for the second time in a row, as the largest FMCG company in Eastern Europe in terms of market capital.

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