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DENMARK: Q1 sets Harboes Bryggeri on track for healthy FY

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Harboes Bryggeri has posted a healthy start to its current fiscal year, with lifting sales and profits in the first quarter.

The Danish brewer, which operates across Scandinavia, said late last week that EBIT for the three months to the end of July climbed to DKK17.1m (US$3.2m), compared to DKK11.3m in the corresponding quarter a year earlier.

Net profits also headed north, hitting DKK 11.4m from DKK9.4m, as sales leapt by 14.4% year-on-year to DKK431.6m.

Going forward, Harboes said it expects its full-year pre-tax profits to come in between DKK35m and DKK45m.


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