Carling brewer Molson Coors has suffered a slump in UK volumes of almost 11% for the past three months.
The brewer, which also owns the Coors and Cobra brands, saw volumes fall 10.9% in the first quarter of 2010, which the company said was due to its decision to protect margins.
The poor weather was also cited as a factor by the brewer.
“In the UK, the strength of our brands continued to boost margins, as they have over the past two years,” said Molson Coors chief executive Peter Swinburn.
“Having achieved this, we now expect to drive more stable UK market share as the year progresses. Overall, our core business remains strong and well-positioned to take advantage of growth opportunities as the economy recovers.”
The results come after AB InBev today unveiled a rise in UK volumes of just over 1% for the quarter, although its Budweiser brand grew by 40% due to heightened marketing activity ahead of this summer’s World Cup.
Molson Coors wants UK women to drink beer like the Irish (3 April 2010)
Molson Coors lures marketing supremo from Müller Dairy (6 February 2010)
Carling cans to feature Taste Lock technology (22 January 2010)