Upward adjustment of earnings outlook driven by solid progress of Funding the Journey
Unless otherwise stated, comments in this announcement refer to Q3 performance.
2017 EARNINGS EXPECTATION
Commenting on the results, CEO Cees ’t Hart says: “Funding the Journey is progressing very well and we feel confident about delivering benefits of around DKK 2bn. Consequently, we’re able to adjust our earnings outlook upwards.
“In the third quarter, our premiumisation efforts continued to deliver a solid price/mix development, while volumes, as expected, were impacted by the PET downsizing in Russia, tough comparables in Eastern Europe and poor weather in Western Europe.”
Carlsberg will host a conference call for analysts and investors today at 9.00 am CET (8.00 am GMT).
Dial-in information and slide deck are available beforehand on www.carlsberggroup.com.