Damm 2024 annual report details international expansion with turnover of over 2billion euros for second year running

We wanted to share with you the news that 2024 Damm annual report reveals that the business exceeded €2b in turnover for the second consecutive year running and an EBITDA of €321m.  

The company continues to consolidate its sustainable growth model, supported by international expansion, technological innovation, a commitment to the environmental and strategic alignments.

Damm also strengthens its leadership position in the beverage sector with new opportunities, such as its alliance with Nestlé to produce, market, and distribute Nestea in Spain, Andorra, Gibraltar, and Portugal.

The financial achievements can be summarised as follows:

• Turnover exceeded €2b for the second consecutive year

• It achieved a net profit of €175m, 35% more than the previous year

• EBITDA surpassed €320m, marking a 7% increase year-on-year

• 21m hectolitres of beer, mineral water, soft drinks and dairy produce was packaged

• €8.9m was invested into R&D, NPD, technological innovation and digital transformation

• €6.9m was invested to become even more sustainable and into environmental initiatives and activities

Demetrio Carceller Arce, Damm executive chairman comments, “The 2024 results highlight the strength of Damm’s business model for long-term growth. It also demonstrates the company's success in increasing profitability at a challenging time of persistent inflation, less consumer spending and a high level of global uncertainty."

In the run up to its 150th anniversary in 2026, Damm is present in 130 countries globally with its brands and in over 87 markets with own brands such as Estrella Damm. 

Indeed, over 200m bottles are sold outside Spain annually with the UK leading the way (that’s 150+ pints of Estrella Damm poured every minute in the UK). With the UK being a growing market for Damm - not only with Estrella Damm but brands in its portfolio - it is proud to be investing in brewing locally in the UK. This is a move that aligns closely with the long-standing commitment to sustainability to reduce transport-related emissions and lower its carbon footprint, all without compromising on quality. The same ingredients, the same recipe, the same dedication to brewing excellence, just brewed in the UK.

Please find details attached and the full report in the dropbox link here let me know if I can help you further at all. 

Emma Jarman

PR Consultant

ROMAN RM@emmajarman

07961 352537

Third-party news items that are posted on the Guild website come from press releases and emails received by the Guild. These are posted as they have been received. Their publication on the Guild website is an informational service only and is neither an endorsement of the content, nor its sender, by the Guild. For enquiries, please use the contact details that can be found at the bottom of each post.