Spanish brewer Damm has reported that it exceeded €2bn in turnover for the second consecutive year running, with an EBITDA of €321m.
The company continues to consolidate its sustainable growth model, supported by international expansion, technological innovation, a commitment to environmental and strategic alignment.
“The 2024 results highlight the strength of Damm’s business model for long-term growth,” said Demetrio Carceller Arce, Damm’s executive chairman.
“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.
Some 200m bottles are sold outside Spain annually, with the UK leading the way. The UK is a growing market for Damm – not only with Estrella Damm but with other brands in its portfolio – and the company is investing in brewing locally in the UK.
• Northern Monk is to take over the well-known Hanging Bat bar, in Edinburgh.
“Since opening in 2012, The Hanging Bat has stood as one of the UK’s most iconic craft beer bars,” said the brewer on social media. “It’s a real privilege to be taking on such a celebrated venue. Our founders’ families both hail from Edinburgh. It was home to Granny Bisset, whose £5,000 gift brought Northern Monk to life.
“The iconic map of breweries that you’ll find at The Hanging Bat was one of the very first sparks of inspiration for Russ and Brian when they were thinking about getting into the industry. So, for us, this feels like things are coming full circle.
“For the next few months, it’s business as usual at the Bat. We’re working closely with the team to preserve the venue’s story and heritage, and we’ll be bringing a bit of Monk to Edinburgh over time.”
• BrewDog has abandoned a plan to become a public company. The news came as the company reported net revenue of £280m for the yeat ended 31st December, 2024.
Adjusted Ebitda was £7.5m, compared with a loss of £2.5m the previous year. Now chief financial officer James Taylor feels growth can come from “sensible financial discipline” rather than flotation.
