Denmark: Latest beverage news & analysis
Carlsberg will release it first-half and second-quarter results on Wednesday. Here just-drinks takes a look at the brewer's news in the three months to the end of June.
Another set of quarterly figures for Carlsberg; another accusatory stab at the brewer for its over-reliance on Eastern Europe. It seems Carlsberg can't cut a break, and the almost constant reset to a 'new normal' in the region must be exhausting – not just for Carlsberg, but for the whole brewing industry in Eastern Europe.
Earlier today (7 May), Carlsberg released its Q1 results, with sales inching up but profits suffering. Here, just-drinks takes a look at the Danish brewer's results by region and brand:
Carlsberg is still suffering in one of its core markets - Russia. Earlier today, the Danish brewer reported that its full-year volumes in the country, through its Baltika Breweries unit, slipped by 7%.
The CEO of Carlsberg has said that the brewer could start consolidating its expanded interests in China in the next few years.
Carlsberg has warned of a tough full-year for its bottom line, as half-year sales and profits came in flat.
Carlsberg has seen the first quarter of 2014 perform "in line with our expectations", but has warned that reported profits in the full year will be hit by "a more uncertain macro situation in Russia and Ukraine".
Carlsberg has lined up a new head of global sales, marketing & innovation as the present incumbent prepares to leave the group.
Carlsberg has posted a fall in full-year profits as volumes and sales declines in Eastern Europe outpaced growth in Asia.
Carlsberg has signed a new long-term EUR2.51bn (US$3.45bn) credit facility for “general corporate purposes”.
Carlsberg has seen its year-to-date profits edge up after good weather in Western Europe in Q3, but group sales were flat as Eastern Europe remains “challenging”.
Carlsberg has received the regulatory green light to raise its stake in Chongqing Brewery to 60%.
Carlsberg is aiming to make M&A opportunities easier to pursue with proposed changes to its ownership structure.
The recent reduction in the tax on beer and soft drinks in Denmark has not been passed down to consumers in the country, according to local research.
Workers at Carlsberg's Fredericia production facility in Denmark have returned to work today (23 August) after a nine-day strike.
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