James Wilmore

CANADA/US: Molson Coors' CFO having positive impact - analyst

By | 15 February 2013

Coors saw healthy FY sales, but a sharp drop in profits due to M&A activity

Coors saw healthy FY sales, but a sharp drop in profits due to M&A activity

The CFO of Molson Coors is "making his mark" with the company, giving the group's earnings potential this year greater confidence, according to an analyst.

Gavin Hattersley, who took over as Coors' global CFO last year, is already having a visible influence on the company, Nomura analyst Ian Shackleton said in a note today (14 February). "We like this approach of under-promising and over-delivering, which gives us further confidence for 2013 earnings," the analyst said.

Coors yesterday reported a 11.4% rise in full-year sales, but a sharp drop in full-year profits, due to the company's acquisition of StarBev last year.

Looking ahead, Shackleton predicted a "more benign outlook" for the group in 2013 with cost of goods sold (COGS) only up by "low single digits" in most markets.

But, he added: "We expect further cost-cutting targets to be set during 2013, for the C Europe/UK merger. We believe that our modelling of overall savings of US$50m per annum could be conservative."

Expert analysis

2012 The U.S. Beer Market

This "value set" report combines Beer in the U.S., Imported Beer and Specialty Beer and Microbrewery Markets to create the most exhaustive study of the U.S. beer market available. An $18,000+ value that is priced much lower, it scrutinizes all aspects, covering state and regional markets, distribution channels, brewers and brands, imports, exports, packaging, pricing, advertising, demographics and projections. It also provides in-depth examination of the mergers, acquisitions and joint ventures reshaping the industry plus projections through 2016.

Sectors: Beer & cider, Company results

Companies: Coors

View next/previous articles

Currently reading -

CANADA/US: Molson Coors' CFO having positive impact - analyst

There are currently no comments on this article

Be the first to comment on this article

Related research

Molson Coors Brewing Company - SWOT, Strategy and Corporate Finance Report

Molson Coors Brewing Company - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financ...

Molson Coors Brewing Company - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage....

2012 The U.S. Beer Market

This "value set" report combines Beer in the U.S., Imported Beer and Specialty Beer and Microbrewery Markets to create the most exhaustive study of the U.S. beer market available. An $18,000+ value that is priced much lower, it scrutinizes all aspect...

Related articles

just For Subscribers - The week in drinks

Here are the ten most viewed, subscriber-only items on just-drinks this week:

Analysis - Hockey "bounce" won't save Molson Coors Canada

Molson Coors' sponsorship deal with the National Hockey League will boost the brewer's volumes later this year in underperforming Canada, according to an analyst.

MEXICO: Court agrees to hear SABMiller appeal

Mexico's Federal Court has agreed to consider Miller Trading Company's appeal over a competition ruling on the country's beer market, according to the brewer.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page