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BRIEF-Molson Coors says it expects 2017 capex of $750 mln
February 14, 2017 / 5:27 PM / 7 months ago

BRIEF-Molson Coors says it expects 2017 capex of $750 mln

Feb 14 (Reuters) - Molson Coors Brewing Co

* Molson Coors - Expects 2017 capital spending about $750 million based on foreign-exchange rates at the end of 2016 -conf call

* Molson Coors - expects 2017 effective tax rate to be 24 percent - 20 percent assuming no further changes in tax laws, tax orders or adjustments to tax position - conf call

* Molson Coors - expects 2017 underlying free cash flow for 2017 to be $1.1 billion - conf call

* Molson Coors - expects 2017 cost of goods sold to increase at low single-digit rates - conf call

* Molson Coors - expects 2017 Canada COGS to increase in mid-single-digits and Europe COGS to decrease in low single-digits in local currency - conf call

* Molson Coors - expects full-year non-cash cost of $40 million on further amortization of Molson brands in Canada - conf call

* Molson Coors - expects full year non-cash cost of $40 million on further amortization of Molson brands in Canada - conf call Further company coverage:

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