Satisfactory performance in the third quarter
- Net revenue for the first nine months climbed 5% to DKK 28.5bn, fuelled by continued growth at BBH and the other Eastern European businesses.
- Third-quarter operating profit (EBIT) from beverage activities climbed 8% to DKK 1,566m (2004: DKK 1,445m), resulting in nine-month operating profit of DKK 2,880m (2004: DKK 2,550m), an increase of 13%.
- Operating profit for the group as a whole was DKK 2,899m (2004: DKK 2,975m), which was down on last year due to a drop in earnings from other activities (gains on sales of properties) of DKK 406m.
- The arbitrations between Chang and Carlsberg have been settled.
- Carlsberg's share of the profit for the first nine months rose to DKK 793m (2004: DKK 780m).
- Expectations for 2005 operating profit are unchanged, which means that beverage activities are expected to generate operating profit of around DKK 3.4bn, an increase of around 14% on 2004, while other activities are expected to contribute a modest profit.
- Carlsberg's share of net profit before the effect of the Carlsberg Asia dispute is still expected to grow by around 15% relative to 2004. The costs associated with the Carlsberg Asia dispute mean that reported net profit is expected to be around DKK 1bn.
Read the entire announcement here..
Contact
Investors:
Mikael Bo Larsen, +45 33 27 1223
Media:
Jens Peter Skaarup, +45 3327 1417