Carlsberg will release its Q3 and year-to-date results on Wednesday (11 November). Here, just-drinks takes a look at the company's highs and lows in the three months to the end of September:
- In July, Carlsberg rolled out a TV commercial in the UK to celebrate the start of the football season
- Then in August, the company released its H1 & Q2 results, saying it expected its bottom line to "decline slightly" in the full-year after posting a near-12% slide in operating profits in the first half of 2015. We also took a closer look at these results, by region
- Following the results, analysts asked if Carlsberg's new CEO Cees 't Hart could weather the storm, as Eastern Europe continued to drag
- In the same week, CFO Jørn Jensen told analysts and journalists on a conference call that the company was "a little more negative" when it came to Russian consumers
- In late August, the Union of Russian Brewers, which represents companies including Heineken and Carlsberg, said its members will voluntarily discontinue a 1.5 litre bottle size from 1 July 2016
- Then in mid-September, the CFO of Carlsberg, Jørn Jensen, announced he was to leave the company
- And towards the end of the month, Carlsberg declined to comment on a report it had held talks over selling its UK unit to C&C Group
- At the end of September, Carlsberg's Russia woes threatened to disrupt its UK brewery as staff angered over a pay freeze prepared to take industrial action
H1 & Q2 highlights
- Half-year net profits slide by 30.2% to DKK1.5bn (US$222.3m)
- Sales in first six months of 2015 inch up by 1% to DKK32.40bn
- Operating profits down by 11.6% to DKK3.58bn
- Beer volumes dip by 2.3% to 66.1m hectolitres
- Second quarter net profits fall by 28.3% to DKK1.59bn
- Sales in three months to end of June slip by 1.2% to DKK18.93bn
- Operating profits decrease by 18.9% to DKK2.92bn
- Beer volumes down by 4.2% to 38.6m hectolitres
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