Steiger the third-largest brewer in Slovakia, reported profits of €900,000 in 2009, according to preliminary, not yet audited, results. The result represents a decline of 42% compared to the previous year – a development largely attributable to an increase in advertising costs in 2009. However, it is the third consecutive profitable year for the company.
The company boosted its sales revenues by more than 10% in 2009, to €14.14m.
Steiger is the oldest brewer in Slovakia and has a history dating back to 1473. At present, the company has a 6% share of the beer market in Slovakia. The two largest beer makers in the country are the Dutch company Heineken and the SABMiller-owned brewer Topvar.
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