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Business

Carlsberg reveals first quarter woes

admin
May 7th, 2014


This article is more than 10 years old.

Carlsberg expects that its annual financial results will be more negatively affected than initially expected

Carlsberg’s profits for the first quarter of 2014 are considerably down compared to the first quarter of 2013, according to its quarterly financial statement.

The first quarter profits for the brewery giant were 78 million kroner, down from 226 million kroner last year, despite increased revenue growth of three percent to 12.9 billion kroner.

The unstable geopolitical situation in Eastern Europe was largely to blame, but faltering results in Asia also reduced the profit margin.

Russian blues
“The western European business continued its strong performance, while results in eastern Europe were impacted by the uncertain macro situation,” Jørgen Buhl Rasmussen, the head of Carlsberg, said in a press release.

Furthermore, in Russia, the largest market in eastern Europe, Carlsberg’s results were also influenced by a new Russian law that forbids the sale of beer in kiosks and general declining financial growth in the country, including a devalued Russian ruble.

Carlsberg expects that its annual financial results will be more negatively affected than initially expected.


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Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

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At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

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Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”