May 7 - First quarter characterised by continuing healthy development of the business and preparation for integration of acquired activities.
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Organic volume growth of 4% and rising market shares in important markets. Continued market share gains in main BBH markets.
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Net revenue climbed 6% to a total of DKK 9.4bn (DKK 8.9bn in 2007). Calculated in local currencies, net revenue climbed 9%.
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Price increases and improved product mix across the markets more than offset the effect of rising raw material prices.
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Operating profit for beverage activities was DKK 381m. The corresponding figure for the first quarter of 2007 (adjusted for gains of DKK 58m on the sale of real estate in Poland) was DKK 345m, an underlying improvement of DKK 36m or 10% (DKK +61m in local currency or +18%). The result comes in the wake of good business development and in all regions the underlying business was ahead of the earnings plans made.
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Operating profit for the Group up 13% and 19% in local currencies.
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Ahead of the acquisition of the activities of Scottish & Newcastle plc (S&N), detailed planning of the forthcoming process has been carried out to help ensure rapid and smooth integration of the new activities.
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Carlsberg is prevented from providing guidance due to the future Rights Issue. Updated guidance will be given with the first financial results announcement following the Rights Issue.
“The results for the first quarter normally make only a modest contribution to Carlsberg’s earnings. Nevertheless, developments in the quarter underline the fact that we have a strong business, equipped in every way for the challenges and opportunities which lie ahead after acquisition of the activities of S&N,” says President & CEO Jørgen Buhl Rasmussen.