Annual profit expectations maintained despite weak Western European markets.
- Carlsberg's global beer volume showed a 20% increase in the first quarter of the year driven by strong organic growth in BBH as well as a considerable contribution from acquisitions, including Holsten and the Chinese breweries. Organic growth was 5%.
- Net revenue totalled DKK 7.4bn, corresponding to an increase of 9%.
- Operating profit (EBIT) was minus DKK 22m (DKK 137m in Q1 2004), including Holsten's anticipated seasonally related negative contribution to profit.
- As expected, Carlsberg A/S' share of profit totalled minus DKK 319m (not directly comparable to last year due to changes in company structure).
- Carlsberg A/S' share of profit for the year is expected to increase by approx. 15% (DKK 1,100m in 2004). Expectations for 2005 thus remain unchanged.
- New management structure in Russia now in place.
Read the entire announcement here..
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