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WE DRINK OUR BEER
SUN Interbrew Annual Report 2004
Main Innovation
We Drink Our Beer
NOT BECAUSE
Country Report Financial Review Corporate Governance Management Our People Social Responsibility Independent Auditor’s Report Financial Statements Financial Notes
03 11 17 23 31 53 59 65 69 75 84 85 90
Company Description
Key Figures
SUN Interbrew Annual Report 2004
Chairman’s Letter
CEO Review
SUN Interbrew Annual Report 2004
02
WE HAVE TRUST IN OUR BRANDS
We Drink Our Beer
Not Because
Company Description
SUN Interbrew Annual Report 2004
Company Description
SUN Interbrew Limited is the second largest brewer in Russia and the market leader in Ukraine. The company is a strategic partnership between InBev, one of the largest brewers in the world, and the SUN Group, which has operated in the region since 1958, and in the beer sector of Russia and the CIS since the early 1990s. SUN Interbrew Limited has 8 breweries in Russia and 3 in the Ukraine, along with its own distribution network. The company's main brands are Stella Artois®, Beck's®, Staropramen®, Sibirskaya Korona, Klinskoye, and Tolstiak in Russia, and Stella Artois®, Beck's®, Chernigivske, Rogan, Taller and Yantar in Ukraine. SUN Interbrew is a public company registered in Jersey. The Company has a full listing on the Luxembourg Stock Exchange. The Company's shares are also listed for trading purposes on the Freiverkehr market of the Berlin Stock Exchange, the Stuttgart Stock Exchange, the Frankfurter Boerse and the Xetra™ market of the Frankfurt Stock Exchange. The Class B GDRs are listed for trading purposes on the Munich Stock Exchange.
04
Russia& Ukraine
Kursk Klin Ivanovo Saransk Novocheboksarsk Volzhskiy Perm’ Omsk
We Drink Our Beer
Chernigov Kharkov Nikolaev
05
SUN Interbrew Annual Report 2004
Company Description
GLOBAL BRANDS
Stella Artois® Hoegaarden®
Stella Artois® is the most popular Belgian beer in the world and a...