just The Preview - Carlsberg Q4 & FY
Carlsberg will release its results on Monday
Carlsberg will report its full-year and fourth-quarter results on Monday (18 February). Here, just-drinks takes a look at the highs and lows for the company in the three months to the end of December and performances in recent quarters.
- At the start of Q4, Carlsberg made some structural changes, merging its Northern and Western Europe units into one region. The Danish brewer said the move would help align its commercial and supply chain structures.
- On 31 October, Carlsberg completed the purchase of a sixth brewery in India and announced the construction of a seventh. The two sites have the potential to up Carlsberg's capacity in the country by 1m hectolitres per year.
- Tax moves in France continued to irk brewers in the fourth quarter, and Carlsberg predicted a 15% hike in its prices if a planned duty increase goes ahead.
- In November, the brewer said that the Vietnamese Government had given it the green light to raise its stake in the government-controlled Hanoi Alcohol Beer and Beverage Corporation to 30%.
- The company sought exposure in another emerging market later in November when it confirmed it was “considering various options” in Myanmar. The comments followed reports Carlsberg was looking into a JV in the country. In February, the company announced a link-up with local firm Myanmar Golden Star.
- At the end of November, Carlsberg took full ownership of Russia's largest brewer, Baltika Breweries. The group first announced in February it wanted to acquire the remaining 15% of Baltika.
In Carlsberg's year-to-date,
- Nine-month net profits edged up by 3.5% to DKK5.42bn (US$933.6m)
- Net sales rose by 5.26% to DKK51.27bn
- Operating profits slipped by 4.3% to DKK7.64bn
For the company's Q3,
- Net profits slipped by 29% to DKK2.14bn
- Net sales rose by 7.9% to DKK18.8bn
- Operating profits increased by 9.5% to DKK3.6bn.
For the company's Q2,
- Net profits increased by 58% to DKK3.5bn
- Sales rose by 4.5% to DKK19.6bn
- Operating profits fell by 6% to 3.5bn
In its Q1,
- Q1 net loss of DKK76m (US$13.2m) versus profits of DKK173m a year earlier
- Operating profits were down 43% to DKK574m
- Net sales rose 2.8% to DKK12.87bn
To read a preview of Carlsberg's Q3 results, click here.
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