Bitburger Brewery Reports Turnover Growth Of 6.4% In FY 2023
German brewer Bitburger has reported a 6.4% year-on-year increase in turnover, to €776 million, in its financial year 2023.
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German brewer Bitburger has reported a 6.4% year-on-year increase in turnover, to €776 million, in its financial year 2023.
Strong business in pubs and restaurants helped Germany's Bitburger Brewery record increased turnover in 2023 despite a drop in overall sales. Bitburger saw turnover jump by 6.4% to €776 million ($835 million) in 2023, even as sales dipped by 1.4%, the company announced on Thursday. The brewers sold 3.7% more beer in the catering business and increased turnover in that segment by 12.9%. A drop in retail sales dragged down overall volume, with retail declining by 2.9% compared to the previous year
Bitburger Brewery Group has reported 15% year-on-year growth in turnover to €729 million in its financial year 2022, with group sales up 11%.