Coopers Brewery maintains strong sales growth defying falling Australian beer consumption.
Coopers total beer sales for the year rose 4.7% to 78.8 million litres, the 22nd consecutive year of growth, while revenue for 2014-15 increased from $231.3 million in 2013-14 to $235.1 million.
Coopers Managing Director, Dr Tim Cooper, said “This troubling fall in consumption represents a loss of nearly 10% of Australia’s beer volume in six years, despite a growing population.”
Dr Cooper said Coopers’ margins continued to be under pressure as retailers fought to maintain their profits in the face of declining volumes.
“This has seen demands for increased discounts and rebates from retailers,” he said.
“Coopers also faced a significant rise in the cost of malt, one of our key ingredients, with the price increasing by $60 a tonne during 2014-15.”
Dr Cooper said that despite the pressures, Coopers had managed to increase its market share to almost 5% of the total beer market.
“Our international beer portfolio continued to perform strongly, underpinned by excellent relationships with our international partners, Carlsberg and Sapporo,” he said.