Carlsberg will release its Q4 and full-year results on Wednesday (10 February). Here, just-drinks takes a look at the company’s highs and lows in the three months to the end of December:
- October started with UK supermarket giant Tesco announcing it was pulling “a number of” brand Carlsberg SKUs from its shelves in the country.
- In the days that followed, the head of Carlsberg’s operations in the UK, James Lousada, left the unit, less than two years after assuming the role.
- The company announced its Q3 results in November, and outlined plans to cut 2,000 jobs as it forged ahead with cost-cutting plans after another tough quarter.
- Investors, however, paid little attention to the grim news. In the hours after Carlsberg’s YTD announcement, the Danish brewer’s share price jumped as high as 10% as brokers piled on.
- Later in November, Carlsberg said that a recent change in the UK to its supplier terms, which drew the ire of several business organisations, did not apply to all of its suppliers.
- At the start of December, Carlsberg emerged as the frontrunner to take over SABMiller’s Grolsch and Peroni beer brands should Anheuser-Busch InBev offload them in the wake of its SAB takeover. The company later poured cold water on the speculations.
- In mid-December, Carlsberg unveiled plans for its UEFA Euro 2016 marketing campaign, which will be fronted by former Denmark international and Manchester United goalkeeper Peter Schmeichel.
Q3 & year-to-date highlights:
- YTD net losses were DKK3bn (US$431m) after a DKK4.2bn profit the previous year
- Net sales in nine months to end of September inched up 1% to DKK50.7bn
- Operating profits were down 5% to DKK7bn
- YTD beer volumes slipped 1.5% to 94.8m hectolitres
- Q3 net losses hit DKK4.5bn after a DKK2.1bn profit in 2014
- Net sales were up 1% to DKK18.3bn
- Operating profits were up 2% to DKK3.46bn
- Q3 beer volumes were flat at 34.3m hectolitres
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