Significant progress leads to further upward adjustment
· A positive trend on several of Carlsberg’s markets combined with a continued focus on innovation and optimisation of sales and marketing resources generated total net revenue of DKK 21.5bn (DKK 19.3bn in the first half of 2006), an increase of 12%. There was growth in all regions, with the greatest progress made in Eastern Europe and Asia. In local currencies, net revenue climbed 13%.
· Operating profit rose by 31% to DKK 2,256m (DKK 1,722m in the first half of 2006). There was good organic growth in both Western and Eastern Europe, particularly in BBH. The positive earnings performance is the result of continued progress in sales plus rationalisations and cost savings within a number of areas.
· The full-year outlook for operating profit is being increased by DKK 300m to approx. DKK 5bn (DKK 4,046m in 2006), including organic earnings growth for beverage activities of 18-20%. Net profit is now expected to be approx. DKK 2.2bn, an increase in the region of 15-20% on 2006 (DKK 1,884m).
Download the full announcement in the right column.
Contacts:
Investors Mikael Bo Larsen +45 3327 1223
Media Jens Bekke +45 3327 1412