BELGIUM: Duvel Moortgat 2004 figures leap
Duvel Moortgat has posted a healthy rise in net profit for last year. The Belgian brewer said yesterday (15 March) that net profit in 2004 rose by 20.3% year-on-year, reaching €8m. Consolidated turnover also increased, by 8.4% to €71.4m.
The company said that, this year, planned investments amount to €8m. Given the current trends on the Belgian beer market, Duvel Moortgat said that it expects a turnover increase this year of 5% and a rise in net profit of between 5% and 7%.
EBITDA in 2004 rose by 10.1% to €19.7m.
The company's board of directors plan to propose that the gross dividend be raised from €0.53 a share to €0.58 a share.
Sectors: Beer & cider
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