ThaiBev's EBITDA drops 7.7% YoY in Q123

The company attributed its EBITDA performance to cost push amongst others.

Singapore-listed Thai Beverage's (ThaiBev) earnings with interest, taxes, depreciation, and amortization (EBITDA) declined by 7.7% YoY to ฿13.5m ($532,836.50) in Q123, its latest business update showed.

This as EBITDA across its business segments dipped during the quarter, led by non-alcoholic beverages (NAB) (-31.4% YoY to ฿409m [$16.1m]).

ThaiBev attributed the EBITDA decline in its NAB segment to "an increase in brand investment and marketing activities undertaken to reach consumers across all channels and general cost push, which were partially offset by production efficiency gain."

Meanwhile, its "Spirits," "Beer," and "Food" segments recorded an EBITDA of ฿8.9m ($351,277.39) (-1.0% YoY), ฿3.68m ($145,058.42) (-18.3% YoY), and ฿523m ($20.6m) (-4.0% YoY).

1 SGD = 25.37 THB

Follow the link for more news on

ThaiBev

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia