Estrella Galicia positive aspects market share, rising 5.3% in a context of declining beer gross sales | EUROtoday

In a context of declining gross sales within the Spanish beer sector, which final yr skilled the primary decline because the pandemic, 0.69%, Star Galicia shut 2023 with progress. The Galician firm offered 520 million liters of beer, a 5,3% ms than the earlier yr, a determine that, in line with Ignacio RiveraCEO of the mother or father firm, Sons of Rivera Corporation“it means that we gain market share in the sector.”

This progress interprets, in line with the figures managed by the corporate, in that they closed the yr with a 0,7% ms of market share, “one more point that is phenomenal,” mentioned Ignacio Rivera this Wednesday in the course of the annual presentation of enterprise figures held on the Estrella Galicia Museum, MEGA.

Not solely has the yr been good in gross sales, but additionally in billing. The firm achieved a consolidated turnover of 829 million euros, a 14,5% ms than a yr earlier than. In 2022 they’d a turnover of 724 million, so there was a “significant growth in turnover” which, as well as, means getting nearer to their “unicorn dream” of 1,000 million euros.

The financial {photograph} is accomplished with 145 million earnings earlier than taxes (28.3% extra in a single yr) and 107 million after taxes (27.8% extra) and Ignacio Rivera is happy with the “relevant data” to degree of employment with 1.809 people who find themselves a part of the Hijos de Rivera household, 15% greater than in 2022 and 94% with indefinite contracts.

The yr has been marked by a “historical” inversin of 175 million euros to launch its second manufacturing plant on the Corus industrial park in Mors. The manufacturing facility laid its first stone on the finish of 2022 and had its principal funding in 2023. This yr, it’s already going through its closing stretch and they’re assured that all through the second quarter “it will probably already be underway”, though the official inauguration has to attend till the ultimate stretch of the yr or 2025.

The manufacturing facility may have a number of phases of progress and, as soon as all of them are accomplished, they aspire for it to turn out to be the biggest beer manufacturing facility in Spain and one of many largest in Europe. In any case, already in its preliminary section, it is going to be key to with the ability to develop, since its present manufacturing facility has a manufacturing already at its restrict which triggered that in 2023 they’ve had “a difficult year” and “quite complex” in terms of serving the market. , because it has been essential to be very attentive to the manufacturing.

In phrases of the longer term, this yr they’ve “good EXPECTATIVES” of gross sales for the summer season after a “very good” Easter and so they spotlight that they proceed to “make solid progress although the market is not easy.” And they have already got their sights set on a brand new strategic plan 2025-2026 and even 2025-2027 during which will give attention to diversification, with the intention of diversifying merchandise within the Spanish market and increasing within the worldwide market.

The means of internationalization of Estrella Galicia is strong, though, for the second, it solely represents the 10% of its exercise, being the 90% the Spanish market. As for beer, it accounts for 80% of the enterprise and water, wine and the remainder of its enterprise divisions nonetheless account for 20%, though they aspire to “diversify” and for beer to not have as a lot of a flooring.

At the second, in view of this internationalization, they’ve stopped the development of a manufacturing facility in Brazil, for which they have already got land, however whose development they’ve paralyzed to prioritize their new Galician plant, which has represented a “leverage.” Although the debt degree is beneath one occasions the Ebitda, that’s, “it is not a level that puts a lot of pressure on us”, it has led them to curb the remainder of the investments. “We need to breathe,” acknowledges Ignacio Rivera.