DENMARK: Carlsberg H1 profits edge up, but Europe problems persist
- First-half net profits (adjusted) up 4.9% to DKK2.2bn (US$404m)
- Net sales rise 2.5% to DK32.9bn
- H1 operating profits up 1.3% to DKK4.1bn
- Global H1 beer volumes flat; full-year outlook maintained
The brewer has reiterated its FY outlook
Market share gains in Asia and Eastern Europe have helped Carlsberg post a rise in first-half profits but on-going challenges in Western Europe dragged on its performance.
Net profits (adjusted) in the six months to the end of June rose by 4.9% to DKK2.2bn (US$404m), the Copenhagen-headquartered brewer said today (21 August). Net sales in the period were up by 2.5% to DKK32.9bn, while operating profits edged up by 1.3% to DKK4.1bn.
In Q2, net profits (adjusted) fell by 1.4% to DKK2.14bn. Net sales in the three months rose by 1.6% to DKK19.6bn, while operating slipped by 1% to DKK3.44bn.
The company pointed to on-going “challenging market conditions” in Western Europe and Russia and a tough comparison on last year's Q2 which included the European Football Championships.
Group beer volumes were flat. But Carlsberg saw volume growth in Asia and Eastern Europe, which led to market share gains and offset weaker volumes in Western Europe.
Looking ahead, CEO Jørgen Buhl Rasmussen said: “On the back of the Q2 results and the start of Q3, we're on target to deliver on our 2013 expectations.” The company expects FY operating profits, before special items, of around DKK10bn.
Shares in Carlsberg were today trading down by 0.27% at DKK562 at 11.20 CET.
To read the company's full statement, click here
In this, the final part of just-drinks' management briefing for January, Euromonitor takes a look at what the year ahead has in store for the global brewing industry....
The world’s fourth largest brewer, Carlsberg is working to reduce its reliance on struggling European markets. This profile considers the company’s decision to focus on emerging Asian markets and anal...
Alcoholic Drinks in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). Th...
Here, courtesy of analysts at Nomura, is a list of the purchases made in the global brewing industry between 1999 and last year, along with the EBITDA multiples paid....
Alcoholic Drinks in France industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). Th...
- Why Chinese beverages won't conquer the world
- Can Coca-Cola fuel SABMiller's soft drinks story?
- Is “Craft” the Next Big Thing for Soft Drinks?
- Petropolis Finally Moving into SABMiller's View?
- Gin: Plymouth's from Plymouth, London's from...?
- Diageo confirms Australia abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Smirnoff tops UK shopping list - figures
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018