DENMARK: Turnover and operating profit up at Carlsberg
Danish-based brewing giant, Carlsberg, reported a 34% increase in net turnover to DKK34.5 billion for 2001. Profit before tax reached DKK3.36 billion against DKK2.26 billion in 2000, representing a rise of 48%.
The company stated that Carlsberg A/S's share of group profit amounted to DKK1.51 billion, against DKK 1.65 billion last year. Excluding special items and one-off gains from the sale of shares in the Thai breweries in 2001, profit was slightly better than it had previously forecast, the company said.
Turnover in both beer and soft drinks grew during 2001, the company reported. Beer sales were up by 15%, while soft drinks sales rose by 23%. Much of the overall 34% rise in net turnover came from the addition of the Orkla business including operations in Eastern Europe and the acquisition of the Swiss company, Feldschlösschen, in late-2000.
Carlsberg's operating profit for 2001 reached DKK 3.4 billion against DKK2.1 billion in 2000. The company attributed the improvement chiefly to the addition of Orkla's beverage activities, growth in Eastern Europe, the inclusion of Feldschlösschen and significant profit growth at its Finnish subsidiary, Sinebrychoff.
However, the company stated that its Swedish subsidiary, Carlsberg Sverige, had had an unsatisfactory year and a negative impact on group profit.
At BBH, the company's 50/50 joint venture with Hartwall, net turnover increased by 54% to DKK 3.7 billion, with volume growth in beer of 30%. During the year, BBH increased its market share in Russia to 30%.
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