Particle.news

Download on the App Store

Grupo Damm Posts 35% Net Profit Surge to €175 Million in 2024

A Nestea production pact in four Iberian markets underscores the brewer’s strategy to diversify internationally.

Image
Demetrio Carceller, presidente ejecutivo

Overview

  • Net profit rose 35% year-on-year to €175 million despite a slight 1.7% dip in revenue to €2.025 billion.
  • EBITDA climbed 6% to €321 million, driven by efficient cost management and a stable sales volume of 21 million hectoliters.
  • Grupo Damm secured a deal with Nestlé to produce, market and distribute Nestea in Spain, Andorra, Gibraltar and Portugal from 2025.
  • A comprehensive upgrade of its Bedford, UK brewery aims to boost production capacity and improve sustainability.
  • The company’s brands are now present in over 130 countries, supported by more than 500 staff dedicated to international operations.