Duvel Moortgat Group reported a consolidated turnover of €608 million for fiscal 2024, a 3.3% increase from the previous year, according to the brewer’s annual accounts, available via the National Bank of Belgium.
Consolidated profit amounted to €67.1 million, marking a 15% rise.
According to business newspaper De Tijd, the impressive turnover growth was due mainly to an acquisition made two years ago when the Group took over Brasserie du Mont Blanc.
Brasserie du Mont Blanc brews with water sourced from the Mont Blanc glacier.
This acquisition significantly expanded Duvel Moortgat’s portfolio of beverages.
The Puurs-Sint-Amands brewer may largely avoid US import tariffs since it produces much of its beer in the USA itself through three major local breweries. This should shield it from the 15% tariff.
