Greece Food & Drink Report Q1 2016 - New Report Available

From: Fast Market Research, Inc.
Published: Wed Oct 28 2015

We have revised down our real GDP growth forecast for Greece to a negative 0.3% outturn in 2015, from a 0.4% growth forecast previously. We have long warned of the risks posed to Greece's economic recovery by ongoing bailout negotiations, and have been below consensus on real GDP growth as a result. We now see little hope that Greece can avoid re-entering recession after a positive 0.8% growth outturn last year and a 'Grexit' would see an even more severe economic contraction in 2015.

Headline Industry Data (local currency)

2015 per capita food consumption = 0.1%; forecast compound annual growth rate (CAGR) 2014-2019 = +0.8%.
2015 alcoholic drink value sales = -1.3%; forecast CAGR 2014-2019 = +0.1%.
2015 soft drink value sales = -0.3%; forecast CAGR 2014-2019 = +0.9%.
2015 mass grocery retail sales = +0.4%; forecast CAGR 2014-2019 = +0.8%.

Key Company Trends

Full Report Details at

Big Changes At Greek Aquaculture Companies Nireus and Selonda: Selonda Aquaculture posted improved results for the first nine months of 2014, achieving a 4% increase in turnover year-on-year (y-o-y) at EUR104.6mn. Earnings before interest, tax, depreciation and amortization (EBITDA) showed a loss of EUR900,000 (which was, nevertheless, a significant improvement on its EUR30.4mn loss in the first three quarters of the previous year). At a meeting on 25 June 2015, the board approved EUR110mn in loans, as part of a restructuring plan to refinance its debt with creditor banks, and approved a share capital increase EUR12.4mn by the absorbing the assets of Dias Aquaculture.

The Greece Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Greece Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Greece.

Key Benefits

* Benchmark BMI's independent food and drink industry forecasts for Greece to test other views - a key input for successful budgeting and strategic business planning in the Greek food and drink market.
* Target business opportunities and risks in Greece through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
* Exploit latest competitive intelligence

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