Carlsberg's Q4 & full-year results - Preview
Carlsberg will release its Q4 & FY results on Wednesday
Carlsberg will release its Q4 and full-year results on Wednesday (10 February). Here, just-drinks takes a look at the company's highs and lows in the three months to the end of December:
- October started with UK supermarket giant Tesco announcing it was pulling "a number of" brand Carlsberg SKUs from its shelves in the country.
- In the days that followed, the head of Carlsberg's operations in the UK, James Lousada, left the unit, less than two years after assuming the role.
- The company announced its Q3 results in November, and outlined plans to cut 2,000 jobs as it forged ahead with cost-cutting plans after another tough quarter.
- Investors, however, paid little attention to the grim news. In the hours after Carlsberg's YTD announcement, the Danish brewer's share price jumped as high as 10% as brokers piled on.
- Later in November, Carlsberg said that a recent change in the UK to its supplier terms, which drew the ire of several business organisations, did not apply to all of its suppliers.
- At the start of December, Carlsberg emerged as the frontrunner to take over SABMiller's Grolsch and Peroni beer brands should Anheuser-Busch InBev offload them in the wake of its SAB takeover. The company later poured cold water on the speculations.
- In mid-December, Carlsberg unveiled plans for its UEFA Euro 2016 marketing campaign, which will be fronted by former Denmark international and Manchester United goalkeeper Peter Schmeichel.
Q3 & year-to-date highlights:
- YTD net losses were DKK3bn (US$431m) after a DKK4.2bn profit the previous year
- Net sales in nine months to end of September inched up 1% to DKK50.7bn
- Operating profits were down 5% to DKK7bn
- YTD beer volumes slipped 1.5% to 94.8m hectolitres
- Q3 net losses hit DKK4.5bn after a DKK2.1bn profit in 2014
- Net sales were up 1% to DKK18.3bn
- Operating profits were up 2% to DKK3.46bn
- Q3 beer volumes were flat at 34.3m hectolitres
Carlsberg is expected to remain a niche player in alcoholic drinks in Pakistan in the forecast period....
Carlsberg Brewery Malaysia Bhd (CBM) expects consumption to remain sluggish due to the rising cost of living....
Carlsberg Bulgaria was the third largest and fastest growing beer company in Bulgaria in 2015, commanding a 21% share of volume sales....
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