US: MillerCoors reports "solid" FY as profits leap
By James Wilmore | 14 February 2013
- FY net profits jump by 18.6% to US$1.19bn
- Net sales in 2012 rise by 2.8% to $7.76bn
- Operating profits also climb, by 18.7% to $1.21bn
- "Positive pricing, favourable sales mix" credited for driving profits
 |
MillerCoors posted healthy profits for 2012 earlier today |
MillerCoors has seen out its full year with healthy profits on the back of a slight lift in sales.
The US JV between SABMiller and Molson Coors said earlier today (14 February) that its net profits in 2012 came in 18.6% up on 2011, hitting US$1.19bn. Net sales in the 12 months to the end of December were up by 2.8% to $7.76bn.
Operating profits also delivered strong growth, rising by 18.7% to $1.21bn.
In Q4, however, net profits fell by 12.2% year-on-year to $170.4m, while sales were flat, rising by 1.7% to $1.78bn. Operating profits in the last quarter fell back by 9.6% to $177.2m.
In November, the group reported a 26% jump in nine-month net profits to US$1.02bn.
“Our portfolio transformation strategy is delivering solid results," said MillerCoors' CEO Tom Long today.
Coors Light, he added, "continued to show momentum" and the group "led craft share growth" as its Tenth and Blake division delivered "very strong results" through the brands Blue Moon and Leinenkugel’s.
To read the company's official statement, click here.
Expert analysis
Premium beer in North America – forecasts to 2016
This second report in our series on premium beer concentrates on North America, currently the second largest premium beer market in the world and how this market specifically has faired. It examines how the major players and smaller brewers have reacted to the challenges and changing trends. Highlighted is one of the most exciting and innovative offshoots of the industry since its emergence in the mid- to late-1980s, that of craft brewing.
Sectors: Beer & cider, Company results
View next/previous articles
14 Feb 2013 -Currently reading -
US: MillerCoors reports "solid" FY as profits leap
Related research
Molson Coors Brewing Company: Consumer Packaged Goods Company Profile, SWOT & Financial Report
Canadean's "Molson Coors Brewing Company : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts,major produ...
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 (TAP) - Financial and Strategic SWOT Analysis Review
Molson Coors Brewing Company (MCBC) is an alcohol beverage company. It manufactures and markets beers and other beverage products through its subsidiaries across the world. The company commercializes its products under a line of owned and partner bra...
Related articles
just For Subscribers - The week in drinks
Here are the ten most viewed, subscriber-only items on just-drinks this week:
Analysis - Molson Coors, Carlsberg ready for craft "threat"
Molson Coors and Carlsberg are the best-placed multi-national brewers to "weather the storm" of craft beer and neutralise its "threat" to larger players, an analyst has said.
just For Subscribers - The week in drinks
Here are the ten most viewed, subscriber-only items on just-drinks this week:
There are currently no comments on this article
Be the first to comment on this article