{
    "title": "Haacht brewery owner Co.Br.Ha posts bigger loss but sees early signs of recovery",
    "modified_at": "2026-04-21 10:08:00",
    "published_at": "2026-04-21 10:08:00",
    "url": "https://www.belganewsagency.eu/haacht-brewery-owner-cobrha-posts-bigger-loss-but-sees-early-signs-of-recovery",
    "short_url": "http://prez.ly/1jDd",
    "culture": "en_BE",
    "language": "EN",
    "slug": "haacht-brewery-owner-cobrha-posts-bigger-loss-but-sees-early-signs-of-recovery",
    "body": "<p><strong>Co.Br.Ha, the listed parent company of Belgian brewer Brouwerij Haacht, reported a net loss of &euro;11.4 million for 2025, widening from &euro;8.2 million a year earlier. Despite this, the group says its restructuring plan is starting to show &ldquo;first signs of improvement&rdquo;.</strong></p><p>Revenue fell by around 3% to &euro;109.1 million, while the loss was driven mainly by restructuring costs linked to job cuts (49 roles) and asset write-downs. Shareholders will again receive no dividend, for the third year in a row.</p><p>On the operational side, there were clearer positives. Sales volumes of beer and soft drinks rose by 0.8% in 2025, reversing part of the previous year&rsquo;s decline. The group also improved its recurring operating cashflow and underlying earnings before interest, tax, depreciation and amortisation (EBITDA), which rose by 19% to &euro;10.2 million.</p><p>The company&rsquo;s &ldquo;Horizon 2030&rdquo; turnaround plan, led by CEO Nils Van Dam, focuses on fewer core brands, more alcohol-free products and major cost savings. The goal is to lift profit margins to 20% by 2030, up from 7% in 2024.</p><p>Early 2026 trading has also shown modest growth, with volumes up 0.2% and revenue up 1%, alongside improved operating results. Co.Br.Ha expects further cost-driven improvements this year and a positive cash flow.</p><p>&nbsp;</p><p><sup>#FlandersNewsService | Haacht Brewery is the producer of Primus and Tongerlo &copy; BELGA PHOTO JULIEN WARNAND</sup></p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p>",
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    "author": {
        "first_name": "Flanders",
        "last_name": "News Service"
    },
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