The Supervisory Board of Carlsberg A/S has today approved that the annual accounts of both the Carlsberg Group and the Parent Company for the financial year 1997/98, ended 30 September 1998, be presented to the Annual General Meeting for approval.
1997/98 in outline:
- The Group's turnover amounted to DKK 29 billion, an increase of DKK 10 billion compared to last year.
- Operating profit rose to DKK 1,554 million compared to DKK 1,255 million last year.
- The Group's profit was strongly affected by a number of non-recurring income and expenditure items which totalled net DKK 243 million, and are shown as a separate item in the profit and loss account.
- Financial net income amounted to DKK 423 million which is a decrease of DKK 78 million compared to last year.
- Profit before tax was DKK 2,220 million, up from DKK 1,756 million last year.
- It is proposed that a dividend of DKK 4.00 per DKK 20 share, or 20 per cent of the share capital be paid. The dividend last year was DKK 3.60 per DKK 20 share, or 18 per cent of the share capital.
- Group goodwill is written down by DKK 2.5 billion against equity.
- Equity amounted to DKK 10.9 billion against DKK 10.3 billion last year.
- For 1998/99 it is expected that the operating profit will see an increase, and that the profit before tax will be considerably less than the 1997/98 result, due to negative financial items.
Contact: Telephone +45 3327 3327
President and Group Chief Executive
Flemming Lindeløv
Group Managing Director Michael C. Iuul
1997/98 in Outline...
5-year Summary - Highlights and Key Figures...
Comments to the Accounts for 1997/98...
Financial Review for the Carlsberg Group...
Profit and Loss Account 1997/98...
Balance Sheet at 30 September 1998 - Assets...
Balance Sheet at 30 September 1998 - Equity and Liabilites...
Cash Flow Statement for the Group...
Movements in the Equity...