Molson Coors’ UK turnover rose 5.5% to £1.42bn in the year ended December 31, 2017, but pre-tax profit fell to £56.8m.

Molson CoorsThis was due to pricing pressure reducing margins, and the increasing cost of commodities.

In irs report filed at Companies House, the firm said: “Industry pricing continues to be the biggest challenge causing margin pressure in the UK beer business in both the on-trade and off-trade.

“The company is managing pricing by channel, in the context of local competition, while staying focused on the core strategy of building strong brands for the long term and focusing on our strategy of first choice for consumer and customer.”

 

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