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Beerworkers Archive


Post date: 05/13/2015 - 12:37

Carlsberg Posts Organic Net Revenue Growth of 4%

Financial highlights
Organic net revenue growth of 4% to DKK 13.5bn.
Solid price/mix of +3%.
8% organic operating profit growth driven by strong performance in Western Europe and Asia.
46% reported operating profit growth to DKK 661m.
Adjusted net profit of DKK 0m (DKK -50m in Q1 2014).
ROIC improved by 40bp to 8.4%

First-quarter net losses total DKK90m (US$13.5m) versus DKK67m
Sales in first three months of 2015 rise by 4.5% to DKK13.47bn
Beer volumes come in flat at 27.5m hectolitres
Full-year outlook of mid- to high-single-digit operating profits rise maintained

Financial highlights
Organic net revenue growth of 4% to DKK 13.5bn.
Solid price/mix of +3%.
8% organic operating profit growth driven by strong performance in Western Europe and Asia.
46% reported operating profit growth to DKK 661m.
Adjusted net profit of DKK 0m (DKK -50m in Q1 2014).
ROIC improved by 40bp to 8.4%

First-quarter net losses total DKK90m (US$13.5m) versus DKK67m
Sales in first three months of 2015 rise by 4.5% to DKK13.47bn
Beer volumes come in flat at 27.5m hectolitres
Full-year outlook of mid- to high-single-digit operating profits rise maintained

Operational highlights

Strong market share growth in all three regions.
Beer volumes grew organically by 5% in Western Europe and 4% in Asia while Group beer volumes declined organically by 1%, due to Eastern Europe.
The remaining four large markets went live on BSP1 in early April.
Our international premium portfolio delivered strong growth: The Carlsberg brand grew 6% in its premium markets, Tuborg grew 27%, Somersby +42%, Kronenbourg 1664 +7% and Grimbergen +34%.

2015 earnings expectations

2015 outlook of organic operating profit growth by mid- to high-single-digit percentages is maintained.

Click the following link to view the full report: http://www.flex-news-food.com/files/carlsberg120515.pdf