Ottakringer doubles turnover thanks to Vöslauer

Austrian brewer Ottakringer Brauerei AG has nearly doubled its turnover in the first six months of 2010. The company said that the main reason for such growth was the integration of mineral water company Vöslauer Mineralwasser AG, which was acquired last year.

The Vienna-​based company’s turnover grew from €40.3m in H1 2009 to €80.4m in H1 2010. In addition, Ottakringer said demand for beer improved this year after a decline in 2009, which followed strong demand in 2008 when Austria co-​hosted the European football tournament Euro 2008.

Domestic demand for mineral water was also up in H1 2010, said the company.

Founded in 1837, Ottakringer has 368 employees. The company sponsors Austrian Bundesliga football club Rapid Vienna. Parent company Getränkeindustrie Holding AG owns 70.31% of Ottakringer.

Source: FlexNews

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