| Business Summary | | Quilmes
Industrial
S.A.
(Quinsa)
is
a
Luxembourg-based
holding
company,
which
controls
85%
of
Quilmes
International
(Bermuda)
Ltd.,
(QIB),
which
is
a
beer
producer
in
the
southern
cone
markets
of
Argentina,
Bolivia,
Chile,
Paraguay
and
Uruguay.
The
remaining
15%
share
is
owned,
since
1984,
by
Heineken
International
Beheer
B.V.
Quinsa,
through
QIB,
controls
beverage
and
malting
businesses
in
the
southern
cone
markets.
The
Company's
beer
brands
are
market
leaders
in
Argentina,
Bolivia,
Paraguay
and
Uruguay
and
have
a
strong
presence
in
Chile.
The
Company
also
owns
a
controlling
interest
in
the
two
largest
PepsiCo
bottlers
in
Argentina. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Quilmes
Industrial
S.A.
is
the
largest
beer
producer
in
Argentina
and
in
the
combined
Southern
Cone
markets
of
Argentina,
Bolivia,
Chile,
Paraguay
and
Uruguay.
LQU
also
bottles
and
distributes
soft
drink
products.
For
the
three
months
ended
3/31/01,
net
sales
rose
4%
to
$301.2
million.
Net
income
fell
10%
to
$21.6
million.
Results
reflect
acquisitions
and
higher
beer
volumes
in
Bolivia
and
Argentina,
offset
by
higher
interest
and
other
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
172,900;
after
tax
earnings
were
600. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Jacques-Louis De Montalembert | Chairman | Carlos Olivieri | CFO | Agustin Garcia Mansilla | CEO,
CMG | Gerardo Garcia Gorostidi | Group
Treasurer | William Engels | Group
Controller |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|