mahou san miguel In line with its net profit in 2021, it achieved a net profit of 102.1 million Euros in 2022 and recorded a record turnover of 1,743.3 million Euros. instability and volatility of the environment. The beer market is a sector swarming with high competition and tight margins, supporting firms with a larger business size. “Inflation and war have gotten complicated this year,” said Mahou San Miguel’s general manager. Alberto Rodriguez-Toquero, however, the firm has successfully amassed the accelerated diversification process encountered in recent years. The sales of the owner of Mahou, San Miguel, Alhambra and Solán de Cabras amounted to 1,743.3 million euros, up 18.4% from the previous year, while the gross operating result (foffer) was 6.6% less, 262.5 million euros it happened. Sales volume in hectoliters increased by 11% to 20.9 million, indicating an increase in the average price per bottle. 16.1 million hectoliters corresponded to beer and 4.8 million hectoliters to water work.
mahou san miguel It invested a total of €488.2 million in 2022, which represents a 31% increase to continue developing the business. A significant part of the results are due to the recovery in tourism activity in Spain. Mahou San Miguel also envisions a “good 2023 thanks to the recovery of the hotel and tourism industry,” sectors he sees as “key” for his activities. Company sources believe this will be “a year in which he will continue to invest” as he “continues to explore new growth opportunities”. Growth is happening in a domestic market that is traditionally very cracked and loyal to local brands. For this reason, the Mahou group aims to grow “by accelerating the launch of products that pave the way for new categories in Spain”. In any case, San Miguel remains the main vector of growth in Europe and elsewhere. The ‘vermouth’ product stands out in diversification.
The executive confirmed another increase through 2023, while explaining that wages were increased by 6% for the entire workforce last year, “to ensure that inflation does not have this effect on their disposable income,” given the current context of inflation. Price:%sRodríguez-Toquero recalled that the brewery made two price hikes in 2022 but “did not match the increase in costs” it had. “We didn’t reflect 100 percent of the increase in costs. Now we made a hike in January, it didn’t cover it, and we don’t plan to raise it for the second time today. The deterioration in margins was obvious, but it would have been better if they had cut some planned actions,” he said.
The brewery will bet Strengthening San Miguel’s presence abroadIt will appeal to the growth of Mahou and Alhambra in Europe, the number five international premium brand in Western Europe, as well as in the US where the Founders grow their business and see “more opportunities” for future development.