Off the wire
• Belgian movie to be filmed in Malta  • China's top advisory body studies judicial reform  • HK bans poultry product import from three regions  • 1st LD: Nepal's Home Ministry confirms 37 dead, 1,100 injured in new quake  • Local officials baulk at U.S. plans to station accident-prone Osprey planes at Tokyo base  • Roundup: UN review on U.S. human rights records shows not-so-bright picture  • China's defense chief meets ROK Army chief  • Chinese Vice Premier meets Indiana Governor  • African ministers pledge support to Kenya's tourism sector  • Twin bombing kills at least 4 in Syria's Homs  
You are here: 　 Home

Carlsberg posts Q1 operating profit, maintains annual outlook

Xinhua, May 12, 2015 Adjust font size:

Danish brewer Carlsberg posted a 46-percent rise in operating profit for the first quarter of 2015, but the annual outlook will be unchanged compared to the 2014 results, the company said Tuesday.

Carlsberg's first-quarter operating profit rose to 661 million Danish kroner (about 100 million U.S. dollars) in the first quarter of 2015, driven by a positive currency impact of 213 million kroner, the company said in a financial report.

Meanwhile, net revenue in the first quarter stood at 13.47 billion kroner, up 4 percent from 12.9 billion kroner year-on-year.

Though Carlsberg saw 7 percent turnover growth in Western Europe and 29 percent in Asia, sales in Eastern Europe declined 30 percent compared with the same period last year.

The Russian and Ukrainian beer markets declined by an estimated 9 percent and 14 percent respectively, owing to "the difficult macroenvironment in the region," Carlsberg said.

"The Group's performance in the traditionally small Q1 was in line with our expectations," said Joergen Buhl Rasmussen, the CEO of Carlsberg, in the report.

"Our commercial activities provided good initial results, and we reached strong growth in market shares everywhere," he added.

Carlsberg said it had maintained its full year financial expectations of single-digit growth despite the robust first-quarter results.

In February, Carlsberg announced Rasmussen would be retiring on June 15. He will be replaced by Cees't Hart, currently CEO of the Dutch dairy company Royal FrieslandCampina. (1 U.S. dollar = 6.63 Danish kroner) Endit