Product profitability of the largest Russian enterprises – manufacturers of alcoholic beverages and ethyl alcohol

ranking 06/05/2016

Information agency Credinform offers the ranking of Russian enterprises – manufacturers of alcoholic beverages and ethyl alcohol. The companies with the highest volume of revenue were selected for the ranking according to the data from the Statistical Register for the latest available period (for the year 2014). These enterprises were ranked by decrease in product profitability ratio (Table 1).

Product profitability is calculated as the relation of sales profit to expenses from ordinary activities. Totally the profitability reflects the economic efficiency of production, and product profitability ratio allows us to make a conclusion to understand whether output of one or another product is reasonable. There are no specified values prescribed for indicators of this group, because they vary strongly depending on the industry.

Table 1. Net profit, revenue, product profitability and solvency index of enterprises – manufacturers of alcoholic beverages and ethyl alcohol (TOP-10)
Name, INN, regionNet profit 2014, ths RUBRevenue of 2014,  ths RUBRevenue of 2014, to 2013, %%Product profitability, %Solvency index Globas-i®
ABRAU-DYURSO NJSC
INN 2315092440
Krasnodar territory
15 026 3 301 993 115 66,13 238 high
VINOKONYACHNY ZAVOD ALYANS – 1892 LLC
INN 3914010751
Kaliningrad region
472 723 3 612 778 95 38,04 188 the highest
IGRISTYUE VINA NJSC
INN 7830001010
Saint-Petersburg
467 445 4 538 263 117 24,56 235 high
OMSKVINPROM LLC
INN 5506006782
Omsk region
547 962 3 941 737 78 23,36 241 high
MARIINSKY LIKERO-VODOCHNY ZAVOD NJSC
INN 4213003050
Kemerovo region
177 077 4 433 126 79 20,46 250 high
TATSPIRTPROM PJSC
INN 1681000049
Republic of Tatarstan
1 153 257 6 996 663 95 16,91 191 the highest
RUSSKY STANDART VODKA LLC
INN 7703286148
Saint-Petersburg
382 147 3 930 241 115 9,87 223 high
ROSSPIRTPROMPJSC
INN 7730605160
Moscow
101 259 4 427 908 197 7,22 251 high
TRADITSII KACHESTVA LLC
INN 5006008213
Moscow region
229 445 10 220 701 92 5,59 220 high
LVZ KRISTALL-LEFORTOVO LLC
INN 1328005717
Republic of Mordovia
109 793 4 438 155 235 5,01 272 high

ABRAU-DYURSO NJSC takes the first place of the ranking with the value of production profitability 66,13%. High result, at times exceeding the industry average indicator of 8,21%, testifies to the lowest production costs in the industry. However, in comparison with its competitors, this enterprise shows relatively modest results in terms of net profit. 

The leader of the industry on the volume of revenue for 2014 - TRADITSII KACHESTVA - is on the next-to-last place of the TOP-10 with the indicator value 5,59%, that is below the average industry level. At the same time, the enterprise reduced the volume of revenue by 8% compared to the previous period.

All TOP-10 companies got the highest and high solvency index Globas-i®, that points to their ability to pay off their debts in time and fully.

Picture 1. Revenue and product profitability of enterprises – manufacturers of alcoholic beverages and ethyl alcohol (TOP-10)

Alcoholic drinks of own production dispatched since 2010

Totally the companies of the industry operate profitably, but demonstrate a decrease in the industry average indicator of product profitability from 16,91% in 2009 up to 8,21% in 2014. Five companies from the TOP-10 showed a decrease in sales result in 2014, and the revenue of the largest 100 companies of the industry in total has decreased by 3% in 2014 compared to the previous period and amounted to 117,5 bln RUB.

A decrease in physical volumes of production of alcoholic drinks and alcoholic beverages, except for spirit manufacture, is testified also by the data of Rosstat for 2010 - 2015 years. (Picture 2 and Table 2).

Picture 2. Alcoholic drinks of own production dispatched since 2010 (one thousand decalitres)

Alcoholic drinks of own production dispatched since 2010

 

Table 2. Ethyl alcohol, alcoholic beverages, alcohol-containing solutions of own production dispatched since 2010 (one thousand decalitres)
 2010201120122013201420152015 to 2010, +/- %
Table wines 43 933,65 42 126,52 37 577,99 33 587,90 32 497,46 39 270,13 -11
Vodka 92 565,87 86 308,38 97 640,37 84 587,58 63 537,87 62 816,46 -32
Cognac 8 859,08 8 206,67 10 273,41 7 400,70 6 625,62 7 242,82 -18
Alcoholic beverages with an alcohol content of up to 25 % inclusive of the volume of the finished product 3 391,34 3 155,86 3 687,68 3 393,99 2 849,62 2 729,75 -20
Alcoholic beverages with an alcohol content of more than 25 % of the volume of the finished product 6 926,99 4 763,85 5 277,60 5 144,12 3 743,88 3 846,02 -44
Alcohol products 220 451,01 208 910,27 206 099,73 194 149,22 165 100,34 168 622,86 -24
Denatured ethyl alcohol 4 183,40 2 691,58 2 707,84 13 243,41 11 673,01 11 350,63 171
Ethyl alcohol rectified from food raw material 30 975,40 31 963,15 42 165,63 40 207,61 34 315,68 37 102,82 20

The industry of production of alcoholic beverages is characterized by a high concentration of wine producers in the southern regions of Russia, i.e. closer to sources of raw materials. This is evidenced by the statistics of the Information and analytical system Globas-i® about the number of companies of the industry registered in regions, having financial statements for 2014 in the statistical register (TOP-10 regions):

1. Krasnodar territory 22
2. Moscowregion 7
3. Moscow 6
4. Stavropol territory 6
5. Saint-Petersburg 4
6. Leningrad region 4
7. Republic of Dagestan 4
8. Kaliningrad region 3
9. Republic of Mordovia 3
10. Tver region 3

Moreover, it should be noted that the main enterprises for the production of strong alcoholic beverages are concentrated in large industrial centers of the country.