}); We interview Joanne Regan Iles, Executive HR Director EMEA at TTEC That’s the culture we are continuing to foster at Molson Coors – we don’t want our people to walk through our doors and think they need to be anyone other than who they really are. Get a free weekly update on Drinks Industry trade news, direct to your inbox. We have provided reconciliations of all historical non-GAAP measures to their nearest U.S. GAAP measure and have consistently applied the adjustments within our reconciliations in arriving at each non-GAAP measure. Email. As one of the UK’s largest brewers we make some of the nation’s best loved beers, including Carling and Coors Light, and employ more than 2,200 people. Molson Coors president and chief executive officer Gavin Hattersley said: “The first quarter of 2020 was unlike any other in our company’s long history. googletag.defineSlot('/21798641100/Sidebar2', [[300, 250], [300, 600]], 'div-gpt-ad-1552319564911-0').addService(googletag.pubads()); Please visit, Managing Director, Export & License, Europe, Managing Director, Czech Republic, Slovakia & Hungary, Interim Managing Director, Serbia & Montenegro, This website uses cookies and other tracking technologies to assist with functionality, to analyze your use of our sites and advertising, to provide customized content and advertisements and assist with our marketing efforts, and to provide content from third parties with whom we have a relationship. Update my browser now. During the first quarter of 2020, we recognized a, Additionally during the first quarter of 2020, we recorded. These adjustments consist of special items from our U.S. GAAP financial statements as well as other non-core items, such as integration related costs, unrealized mark-to-market gains and losses, and gains and losses on sales of non-operating assets, included in our U.S. GAAP results that warrant adjustment to arrive at non-GAAP results. LID Publishing talks to author Bill Cohen about his latest book on Peter Drucker’s consulting principles. See Appendix for definitions and reconciliations of non-GAAP financial measures including constant currency. Headquartered in Prague, Czech Republic, Molson Coors Europe was formed in January 2013 through the combination of the company’s Molson Coors UK & Ireland business unit with Molson Coors Central Europe, which was created following the StarBev acquisition in June 2012. Please see 2019 segment recast by quarter on the Investor Relations section of our website. Beyond the products we have in the market, we are also adapting the way we get them to consumers by accelerating our e-commerce efforts, subject to relevant government regulations. We wanted to change that and give people the ability to take care of what matters in their life without running down holiday which is when they are meant to be relaxing. The Molson Coors Beverage Company is a multinational brewing company, formed in 2005 by the merger of Molson of Canada, and Coors of the United States. About us; Prior period results have been recast to retrospectively reflect these changes in segment reporting, with no impact to our consolidated prior period results. If you have read these policies and do not agree with them, or do not wish for your information to be used in this way, please close this site. ARTICLE BY: Sonja Grimes | Published: 1 April 2020. var googletag = googletag || {}; In tandem with taking a more flexible approach to working, employees are becoming more open to letting employers know what works best for them – gone are the days of a strict 9 to 5 and that’s a great thing. Non-GAAP adjustments do not include any estimates of lost revenue resulting from the coronavirus pandemic. For discussion and analysis of our liquidity, see the consolidated statements of cash flows and the Liquidity and Capital Resources section of our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our latest Form 10-K and 10-Q filings with the SEC. We are taking various mitigating actions to prepare to offset some of the implications to our employees and communities, as well as the immediate challenges to performance, while also ensuring liquidity and deleverage remain key priorities, including: This is a very fluid situation, as governments and companies evaluate the impacts of the pandemic and prepare for the re-opening of the economy.

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