70

Business

Carlsberg maintains financial outlook despite eastern European challenge

admin
November 10th, 2014


This article is more than 10 years old.

Market shares in western Europe and Asia on the rise

Danish brewery giant Carlsberg has maintained its 2014 earnings outlook despite meeting challenges on the eastern European market, according to its Q3 financial report.

Organic net revenue increased by 3 percent to 50.2 billion kroner over the first three quarters of the year compared to last year, while its organic operating profit growth is up five percent thanks to solid performances in western Europe and Asia.

”The group managed to deliver organic earnings growth and increased cash flow despite the market challenges in eastern Europe,” Jørgen Buhl Rasmussen, the CEO of Carlsberg, said in a press release.

”Our results underpin the strength of our business model, brands and people as well as our ability and determination to execute on our key strategic priorities, which will drive the value of the group”.

READ MORE: Carlsberg halts production at Russian brewery

Chinese integration moving along
Carlsberg's results showed that its market share in Asia and western Europe had increased, while its Russian market share, which has suffered recently thanks to the economic slowdown in the country, improved compared to the first half of the year.

Within its international portfolio, it revealed strong growth rates for Tuborg (+23 percent), Somersby (+43 percent), Kronenbourg (+10 percent) and Grimbergen (+30 percent), while the Carlsberg brand itself grew by 3 percent in premium markets.

The Danish brewery also announced that the integration of the Chongqing Brewery in China, which it announced it had acquired late last year, was progressing according to the plan.


Share

Most popular

Subscribe to our newsletter

Sign up to receive The Daily Post

















Latest Podcast

A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

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.

Pill pushers
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.”

Parents sick and tired
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.”