Damm targets US$4.6B revenue by 2030 through international expansion, UK growth and portfolio diversification
Damm is accelerating its international expansion with investments in manufacturing, acquisitions and innovation as it targets doubling revenue by 2030 through diversified beverage operations.
SPAIN – Spanish drinks producer Damm has unveiled an ambitious growth strategy aimed at doubling its revenue by 2030, supported by international expansion, strategic acquisitions, manufacturing investments and portfolio diversification.
The company, best known for its Estrella Damm lager, said international operations now account for 30% of its business following the launch of its first production facility in Africa and its agreement to acquire the Old Speckled Hen premium ale portfolio in the United Kingdom.
The Barcelona-based brewer outlined its long-term strategy during its Annual General Meeting, where it revealed that it invested €65 million (US$74.06M) during 2025 to expand and modernise its manufacturing capabilities.
The investments focused particularly on returnable packaging systems and dispensing technologies to strengthen production efficiency and support growing demand across domestic and international markets.
Damm also invested €14 million (US$15.9M) in research, development and innovation, product development and digital transformation initiatives as it continued to enhance its beverage portfolio and operational capabilities.
During 2025, the company expanded its presence in the Spanish beverage market by adding Nestea to its portfolio through an agreement with Nestlé.
Under the partnership, Damm now manufactures, markets and distributes the brand across Spain, Andorra, Gibraltar and Portugal. The company has also introduced new variants, including Nestea Red Fruits & Açaí and Sugar-Free Passion Fruit Green Tea, to meet evolving consumer preferences.
The United Kingdom remains one of Damm’s key strategic growth markets. The company said its agreement to acquire the Old Speckled Hen premium ale portfolio builds on previous investments exceeding €80 million (US$91.16M) at The Damm Eagle Brewery in Bedford.
The investment has increased production capacity, introduced new manufacturing lines and expanded capabilities in alcohol-free beverages and soft drinks.
“Our international strategy focus is to get closer to the markets in which we operate, increase our ability to produce locally and respond more effectively to the needs of customers and consumers,” said Demetrio Carceller Arce, Executive Chairman of Damm.
“Establishing our first manufacturing operation in Africa is a significant step forward in that journey and, together with the strengthening of our UK business, reinforces a growth model that is more local, more agile and adapted to each market.”
Damm sold 22 million hectolitres of beverages across its beer, water and soft drinks portfolio during 2025, with Damm UK contributing 578,000 hectolitres, representing 19% year-on-year growth.
“This solid business performance demonstrates the strength of our successful UK strategy,” said Luke White, Managing Director of Damm UK.
“This has given us the platform to make bigger strategic moves to accelerate our growth, such as evolving our portfolio with the acquisition of Old Speckled Hen—set to complete on 1 July—cementing Damm UK’s position as the largest independent brewer in the UK market.”
Damm ended 2025 with revenue of €2.01 billion (US$2.29B), EBITDA of €320 million (US$364.67M) and a net profit of €155 million (US$176.64M).
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