Olympic Brewery: Further strengthening in the domestic market

Olympic Brewery, a subsidiary of the Carlsberg group, recorded maturation rates successful 2024, and it looks guardant to maintaining a akin trajectory successful 2025, contempt the evident slowdown recorded successful the summertime months successful depletion extracurricular the home.

The accrued tourist travel continues to beryllium a “good card” for the home brew market, however, unlike past year, the catering transmission seems to beryllium showing a slowed pace.

The portfolio of non-alcoholic proposals is estimated to support an upward trend, which attracts peculiarly younger property groups, while summertime festivals and the caller “market” that opens with the popularity of fairs run successful support of brew sales.

In immoderate case, the strategy of the subsidiary of the Danish radical remains unimpeded, focusing connected further expanding its beingness successful the acold market, strengthening the portfolio and expanding the starring presumption successful non-alcoholic beers.

Performance

Regarding past year’s performance, Olympic Brewery recorded a important betterment successful income volume some successful and extracurricular Greece, while the simplification of indebtedness was arsenic supportive for the company. According to the fiscal information for fiscal year 2024, the total turnover, including the Special Consumption Tax of Olympic Brewery, accrued by 10% and amounted to 199.3 cardinal euros compared to 181.1 cardinal euros successful 2023.
The company’s nett sales, i.e. excluding the Special Consumption Tax, recorded an summation of 10.8% to 143.7 cardinal euros compared to 129.6 cardinal euros. The summation successful gross is attributed to the bully travel of tourist consumption.

Profitability

In terms of profitability, pre-tax results accrued by 25.7% to 16.6 cardinal euros compared to 13.2 cardinal euros, however, nett profitability was burdened by comparatively accrued taxation compared to 2023 and recorded a alteration of astir 5.8% to 9.6 cardinal euros compared to 10.2 cardinal euros successful the erstwhile year.
The company’s fiscal structure improved past year chiefly owed to the repayment of portion of the intra-group indebtedness by 8.8 cardinal euros and the summation successful nett worth to 42.4 cardinal euros compared to 32.9 cardinal euros. Total liabilities were reduced to 55.5 cardinal euros compared to 64.3 cardinal euros successful 2023.
However, arsenic successful fiscal year 2023, nary dividend organisation from the profits of the year is planned for fiscal year 2024.

Investments of 13.9 cardinal euros

During 2024, the institution made investments of 13.9 cardinal euros successful supporting its mechanical instrumentality for the upgrade of accumulation units. Olympic Brewery maintains two privately owned accumulation units, successful Northern Greece successful the Sindos portion and successful Central Greece successful the Ritsona region.