Mahou San Miguel, the leading beer-maker in Spain, released its financial results from 2018 last week, which were promising.
The company posted its highest-ever turnover as well as a pre-tax profit increase of 1.1 percent.
The full release from the brewery is below.
MADRID — Mahou San Miguel, a 100 percent Spanish family-owned company, consolidated its leadership in our country’s beer sector in 2018 with an increase in turnover, which rose for the fifth consecutive year to €1.2986 billion, 2.9 percent more than in 2017 and the highest in its history. Furthermore, both its EBITDA and pre-tax profits increased by 1.1 percent to €260.3 million and €170.4 million respectively.
In addition, the beer maker very significantly increased its investment, which grew by 31.5 percent, to €119.8 million, reflecting the its shareholders’ firm commitment to the future of the company. This investment was dedicated mainly to updating and improving its production centres, both inside and outside Spain, as well as to projects aimed at improving efficiency, productivity, sustainability and, ultimately, the company’s competitiveness. Its total sales also set new records, reaching 18.3 million hectolitres, an increase of 10.2 percent, of which 14.1 came from beer and 4.2 from flavored and functional mineral water.