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Belgian Duvel Moortgat sales grow in Q1 2011.

(ADPnews) - May 17, 2011 - Belgian brewer Duvel Moortgat NV (EBR:DUV) reported a "good internal growth" in sales for the first quarter of 2011.

The growth was driven by all brands, with the exception of Bel Pils, according to the company. The sales were also pulled up by the consolidation of Antwerp-based brewery De Koninck.

Duvel Moortgat also said its financial results were negatively influenced by the weak dollar and the increased burden of debt as a result of the De Koninck acquisition.

No concrete figures for the reported period were provided.

The company expects further growth in sales and operational result in 2011.
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Publication:ADP News Belgium
Article Type:Financial report
Date:May 17, 2011
Words:104
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