just The Preview - Carlsberg's Q4 & FY
Carlsberg will release its full-year results on Wednesday
Carlsberg will release it fourth-quarter and final-year results on Wednesday (19 February). Here, just-drinks takes a look at the brewer's news in the three months to the end of December, and its financial results for the year so far.
- In October, Carlsberg was one of a number of brewers in Russia that agreed to limit production of beer in PET bottles. Carlsberg now won't make PET bottles bigger than 2.5 litres, and will stop using PET containers bigger than two litres for beers with an abv higher than 6%.
- Constellation Brands-owned distributor Crown Imports “mutually” agreed late last year to end its relationship with Carlsberg's Somersby cider brand in the US. A company spokesperson told just-drinks that the move was prompted by the recent ABI/Modelo/Constellation deal, which made its distribution agreement with Carlsberg “far more complex”.
- Also in October, Carlsberg started construction on a major new brewery in southern China. The site, in Yunnan Province, is expected to be the company's second biggest brewery, behind its 12m-hectolite Baltika site in Russia.
- At the end of October, Carlsberg announced changes to its ownership structure aimed at making M&A opportunities easier to pursue.
- In November, Carlsberg linked up with social media site Twitter to launch an app aimed at fans of English football's Barclays Premier League.
- In the same month, Carlsberg appointed former Heinz and Coca-Cola Co executive Christopher Warmoth to head up its Asia unit after the incumbent, Roy Bagattini, quit to join clothing firm Levi Strauss & Co.
- In December, Carlsberg paid CNY2.9bn (US$476m) to double its stake in China's Chongqing Brewery. The move followed the previous month's green light from the China Securities Regulatory Commission for Carlsberg to take 60% ownership of Chongqing.
- Also in December, Carlsberg appointed a new CEO for its UK unit as the incumbent left to “pursue other interests”. James Lousada, the brewer's UK sales director, replaced Benet Slay on 1 January.
In Carlsberg's Q1:
- Net profits came in at DKK62m (US$10.9m) against a DKK76m loss a year earlier
- Net sales rose 3.9% to DKK13.28bn
- Operating profits grew by 15.1% to DKK661m
- Net profits (adjusted) were up 4.9% to DKK2.2bn
- Net sales rose 2.5% to DK32.9bn
- Operating profits increased 1.3% to DKK4.1bn
- Net profits (adjusted) rose by 4.7% to DKK4.5bn
- Net sales were flat at DKK50.9bn
- Operating profits fell 1.6% to DKK7.5bn
To read a preview of Q3, click here.
In the second part of this month's management briefing, which looks at sustainability in the global brewing category, Ben Cooper reviews the commitments from several of the world's largest beer compan...
In the final part of this month's management briefing, which considers sustainability in the global brewing category, Ben Cooper takes a look at the delicate balancing act that is sports sponsorship....
China's state-backed Beijing Yanjing Brewery is looking to sell a 20% stake to a foreign partner, according to a report....
- Why Scotch must drop the 'malts good, blends bad'
- Heineken Q1 2017 by region - results data
- Pernod's mood darkens over India - Analysis
- Remy Cointreau Fiscal-2017 sales - results data
- Soft drinks is losing the recycling game
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Scotch sales set to soar, despite recent struggles
- TWE's Beringer Main & Vine Dry Rosé - NPD
- Edrington shifts innovation to US in shake-up
- Pernod Ricard posts solid YTD sales jump - results
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Flavoured Powder Drinks in 2017: Confronting an Ageing World