Carlsberg FY 2016 by region - results data

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Earlier today, Carlsberg reported a 4% dip in sales in 2016, with operating profits in the year falling by 3%. Here, just-drinks breaks down the brewer's figures for last year by region.

Carlsberg Full-Year 2016 - Net Sales by Region

Source: Company results

  • Western Europe - Sales -3%, operating profits +1%, volumes -2%

Carlsberg increased its volumes in Norway, Denmark and Sweden but overall Nordic volumes declined because of the withdrawal from a supply contract in Finland. Poland also declined, by 12%, because of Carlsberg's pull-out from low-priced volumes at the start of 2016, the brewer said. French volumes grew by 1% despite an overall market increase of 3% in the country. In the UK, where the company has been hit by SKU withdrawals in supermarkets, volumes were down 1%.

  • Eastern Europe - Sales -6%, operating profits -4%, volumes +1%

After a difficult 2015, when sales and operating profits fell double digits, Carlsberg's performance in 2016 improved. Reported sales and operating profits continued to decline but at a slower rate. Net sales grew organically by 8%, and operating profit grew organically by 12%.

The Russian beer market declined by 1-2% in 2016 and by 4% in Q4, Carlsberg said. Its own Russian shipments were up by 1%. The brewer's Ukraine volumes were down 2% organically against a 6-7% market decline.

  • Asia - Sales -4%, operating profits flat, volumes -4%

Overall beer volumes fell by 3% organically but, excluding China, they were up 2%. Carlsberg's Chinese volumes were down organically by 6% as the overall market fell by 4%. Carlsberg closed 17 China breweries in 2015 and 2016 as part of a restructuring in the country. Carlsberg's premium portfolio was up by 8% on growth for Tuborg and 1664 Blanc.

Indian volumes grew by 16% against 2% market growth in the country.

Carlsberg 2012-2016 - results data - Click here for just-drinks' look at the brewer's five-year performance

Sectors: Beer & cider, Company results

Companies: Carlsberg

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