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Carlsberg now worth 120 billion kroner

Christian Wenande
August 17th, 2018


This article is more than 6 years old.

Brewery gains momentum in Asia, but results hampered by UK challenges

Carlsberg has opened the gates of profit in Asia (photo: Carlsberg)

The long, hot summer looks to be paying off nicely for Carlsberg.

The Danish brewery’s share price reached a record high yesterday – trading closed at 790 kroner per share, making the company worth an estimated 120 billion kroner.

The brewery had just announced a strong first half to 2018, posting a turnover of 31 billion kroner and a profit of almost 3 billion kroner.

“We delivered strong results for the first six months of 2018 with healthy top-line growth, margin improvements across the regions, strong cash flow and continued debt reduction. We’re pleased to be able to adjust our earnings outlook upwards,” said Carlsberg boss Cees ‘t Hart.

“This is a proof point that our SAIL’22 investments support our ambition of sustainable top-line growth.”

READ MORE: King of the hill: Elephants, elegance and 170 years of Carlsberg

UK struggles
The potent result has been particularly buoyed by sterling success in the Asian market, where Carlsberg sold more beer – particularly more expensive varieties than before.

But it wasn’t all good news, as the brewery continues to struggle in the UK. Carlsberg revealed that the company grew by 4 percent globally over the first half of 2018 – a figure that could have doubled had it not been for a poor showing in the UK.

“Based on the strong H1 performance, the upgrade of the expected Funding the Journey benefits and a good start to Q3, we adjust our earnings expectations upwards to high-single-digit percentage organic growth in operating profit (previously mid-single-digit),” the brewery wrote in a press release.


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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.”