The CEO explained that price increases were kept in check even as costs rose, a strategy aimed at protecting customers. Rivera’s remarks during the latest results presentation emphasized that production costs grew significantly, yet the company managed to navigate the rising expenses without passing the full burden to shoppers. The year closed with solid profit margins despite higher input costs, underscoring a cautious but optimistic approach to pricing and value delivery.
There is a clear ambition to reach new sales milestones. The leadership has spoken about a long-term goal of hitting 1,000 million in turnover, a target announced in the previous year and reiterated in discussions about the company’s growth trajectory. While the target was not met in the most recent period, the business in A Coruña appears well positioned to approach it in the near term, supported by strategic investments and expansion plans.
The company did not achieve the full 1,000 million turnover in the stated year, with reported figures around 724 million. However, with a planned expansion into new markets and the opening of additional facilities in areas such as Arteixo and Brazil, management believes the 1,000 million target remains within reach. Revenue rose by around 18% year over year, reflecting a positive momentum and improved operating efficiency that brings the goal closer. As numbers evolve, management notes that incremental gains in revenue are closely tied to production capacity and market demand.
In terms of product mix, beer sales accounted for a substantial portion of total revenue, with figures approaching 500 million as the company nears a pivotal sales milestone. Leadership celebrated the milestone and hinted at continued momentum in beer as a flagship category, while maintaining focus on expanding the breadth of offerings and geographic reach.
Rivera’s heirs rely on a dual-growth strategy: finalize the commissioning of two new production facilities and accelerate international expansion to drive higher volumes and revenue. The plan initially included bringing a facility online in Arteixo before mid-year and launching operations in Brazil by the end of the current fiscal cycle. While the Arteixo project remains on track, the Brazil timetable has been adjusted to 2025 to reflect capacity planning and regulatory considerations. This phased approach keeps production stable while enabling scalable growth across markets.
Management emphasizes the need to have the Arteixo plant ready by 2024 to avoid supply bottlenecks in beer production. Priority is currently given to fulfilling Blackberry orders, ensuring a reliable supply chain and timely deliveries. This operational focus is designed to protect the existing customer base while supporting expansion into new channels and geographies.
Last year, the company employed 1,573 people, reflecting an 8% increase in headcount. For the current year, leadership projects hiring around 400 additional positions, most of which will be new roles created to support the expansion plan. The labor strategy aligns with the production and sales ambitions, balancing capacity with demand to sustain growth without compromising quality or service.