Carlsberg releases its full-year 2016 results on Wednesday

Carlsberg releases its full-year 2016 results on Wednesday

Ahead of the release on Wednesday of Carlsberg's results for the fourth quarter and the 12 months of 2016, here's a look at the events that shaped the three months to the end of December for the brewer.

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  • Then, in November, CEO Cees 't Hart said the group had begun brewing the Brooklyn beer brand under licence in Europe. Carlsberg has a strong relationship with US-based Brooklyn Brewery, having set up two Scandinavian facilities with the company in the last three years.
  • The company was moved in late-November to counter claims of patent law abuse: Pressure group No Patents on Seed had argued that Carlsberg had secured the patent rights for three new types of barley, but the brewer partnered with Heineken to say that the patents were not for the barley strands, but for the technique used in their development.
  • Baltika Breweries, Carlsberg's Russian division, announced in November that it is starting exports to Oman. The unit began its shipments to the Middle Eastern country - which has no domestic brewing presence - with the Baltika 3 brand.
  • Finally in Q4, we returned to the UK, where the company relaunched the Carlsberg Export brand. Targetting Millennial consumers, Carlsberg's unit in the country showcased stronger Danish cues on the packaging for the brand, which is produced at one of the company's UK facilities, in Northampton.

In Carlsberg's most-recent set of results:

  • Sales in nine months to end of September rose by 3% in organic terms, to DKK51bn (US$7.6bn)
  • Total volumes in the year-to-date dipped by 1%, but rose by 4% in Carlsberg's key Eastern Europe region
  • Third quarter sales inched up 1% on organic basis to DKK18.3bn
  • Volumes came in flat in three months to end of September, although Eastern Europe jumped by 10%

To listen to the company's results conference call on Wednesday, click here.

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