Carlsberg achieved solid revenue growth on the back of continued strong improvement in revenue per hectolitre, which offset lower volumes.
Organic volume development -3.0% (9M: -0.6%)
Organic revenue growth +5.8% (9M: +9.2%)
CEO Jacob Aarup-Andersen says:
“We delivered solid revenue growth in a challenging environment. The growth was driven by continued strong revenue/hl improvement and outperformance by our premium portfolio. We maintain our earnings guidance for the year despite our recent decision to further increase our commercial investments in the remainder of the year to support our growth priorities.
“I’m enthusiastic about our brands, our teams, the commitment of our employees and the strong performance culture, which I have experienced across the entire company since I joined in September.
“The company has a strong foundation and a healthy financial position. We’re well positioned to invest in our brands and in our markets to capture attractive long-term growth opportunities. I'm confident that we can accelerate growth in line with the SAIL’27 priorities and continue to drive year-on-year sustainable and profitable results.”
Get the 2023 Q3 highlights from CEO, Jacob Aarup-Andersen and CFO, Ulrica Fearn: