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Home | News | Craft Brewers | Coopers Brewery reports record sales

Coopers Brewery reports record sales

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Coopers HQ: coming soon, a new malthouse

Again: now 24 consecutive years of growth

Coopers Brewery, Australia’s largest independently controlled brewer, is reporting record beer sales for financial year 2016-17. The family run concern sold a record 838,000 hectolitres, marking the 24th consecutive year in which beer volumes have increased.

Managing director Dr Tim Cooper said that Coopers claims almost five per cent of national beer sales, with its most recent gains coming against an overall industry decline of 1.9% in beer volumes.

He attributed Coopers’ sales growth to improved packaged beer sales. Its largest market, New South Wales, accounts for 27% of the company’s sales. NSW was also the state with the largest sales gain during the year, up 6.9% over the previous year.

Looking ahead, Dr Cooper noted that the company’s new $65 million maltings plant, located at the company’s headquarters in the Adelaide suburb of Regency Park, will be officially opened at the end of November.

“The maltings will be able to produce about 54,000 tonnes of malt a year, of which Coopers will use a little over 17,000 tonnes," he said.

“The rest will be available for sale and Coopers already has signed contracts with customers in Australia and Asia.”

The maltings operations are expected to immediately contribute to earnings, with a two year target of achieving full utilisation.

Turnover for the year was £252.4 million, up from $245.9m the previous year. Pre-tax profits declined slightly, by 3.5% to $33.4m. The drop was attributed to costs associated with the new maltings, a write-down on the goodwill and brand names of Mr Beer (USA) and redundancy costs arising from a restructure.

 

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