Hijos de Rivera advances its internationalization and exceeds €880 million in turnover in 2024.

 

Hijos de Rivera, the corporation behind the iconic Estrella Galicia beer, has announced a 6,9% growth in its turnover during 2024, reaching the remarkable figure of 886 millones de eurosThis milestone, accompanied by the sale of 544 million liters of beer y 237 million liters of water, marks the closing of a three-year strategic cycle (2022-2024) characterized by the investment, innovation and a strong orientation towards internationalization.

 

Ignacio Rivera, CEO of Corporación Hijos de Rivera, highlighted in a meeting with the media that the company has achieved overcome the challenges of the sector In a year of contraction. "2024 has been a year of contraction for our sector, in which Corporación Hijos de Rivera has reached a turnover of 886 million euros, representing an increase of 6,9% compared to the previous year," stated Rivera. He also emphasized the company's differentiating strategy: "And it has been a year in which we have once again shown that we are different, increasing the talent and personnel of our teams like never before and committing to significant investments to lay the foundations for medium- and long-term growth, prioritizing this over immediate profit."

 

Among the main milestones of 2024, Rivera highlighted the international expantion with the launch of Estrella Galicia UK Limited, joining already established subsidiaries in key markets such as Brazil, USA, Mexico, Ireland, Portugal, Philippines or ChinaCurrently, Hijos de Rivera products reach 75 countries.

 

Innovation has been another fundamental pillar, materialized in the launch of Permits, the company's third beer brand, which combines respect for its origins with disruptive offerings. Furthermore, the corporation expanded its portfolio with the acquisition of the Valencian craft brewery Tyris and two distribution companies in Formentera.

 

Hijos de Rivera Corporation has strengthened its presence with the launch of its subsidiary in the United Kingdom, Estrella Galicia UK Limited, which joins its existing operations in strategic markets such as Brazil, the United States, Mexico, Ireland, Portugal, the Philippines and China.

 

As far as production is concerned, beer sales increased 4,6% in 2024, consolidating the position of Estrella Galicia, the 1906 Beer family and the non-alcoholic varieties. The water business also experienced a 3% growth, marketing 237 million liters of its brands Cabreiroá, Agua de Cuevas, Fontarel and AUARA.

 

Investment has been a key driver of growth, with 168 million euros invested in 2024, primarily intended for the completion and commissioning of the beer production facilities in the Morás industrial estate (Arteixo) and the modernization of the springs. The cumulative investment in the 2022-2024 strategic cycle exceeds 496,4 million eurosThis investment drive has been accompanied by a Significant increase in staff, which grew by 13% in 2024, reaching 2.044 people, with more than 90% of contracts being permanent.

 

A highlight of Hijos de Rivera's commitment is its joining the B Corp movement in 2024, which validates its compliance with the highest standards of social and environmental impact. The company's Positive Impact strategy aligns with the UN Sustainable Development Goals, focusing on pillars such as origin and community, resilient planet, transcendent people, responsible allies, and essential governance.

 

Ignacio Rivera concluded his remarks by highlighting the achievements of the recently completed strategic cycle: “In the strategic period we have just concluded, our total sales have grown by 45,2%, our workforce has increased by 41,2%, with more than 500 new employees, and our investments have reached €496,4 million, doubling compared to the previous period.” According to Rivera, these figures “reflect the company’s spirit of growth and expansion, based on our purpose of being the most beloved global big craft, generating a positive impact.”