Duvel Moortgat said consumer confidence for this year is low

Duvel Moortgat said consumer confidence for this year is low

Bad weather and low consumer confidence has slowed turnover growth for Duvel Moortgat, the Belgian brewer said yesterday (16 May).

Rising raw material and logistics costs as well as an increased marketing spend have also had an impact on margins, the company said in a trading update. “The uncertain economic situation and the continuously bad weather make it hard to give concrete predictions for 2012,” the update said.

Duvel Moortgat makes Duvel, Liefmans and Vedett beers.

To view the full statement, click here