CARLSBERG RECOVERS TO ACHIEVE 20% PROFIT IN THE FIRST HALF OF THE YEAR

The Danish company Carlsberg announced half-year results ‘well ahead’ of pre-pandemic levels. The brewing company achieved a “solid business performance” for the first half of the year, and said its results were “well ahead” of pre-pandemic levels.

Global beer leader Carlsberg Group posted a 20.7% increase in organic profit to DKK 35.45 billion (approximately $4.84 billion) for the first half.

In the case of Western Europe, according to data reported by the company, its volume increased by 10.2%, while in another continent it was higher: Asia, with a growth of 13.2%. In Central and Eastern Europe, this was a timid reality: the increase was 0.3% (+7%) discounting Ukraine.

Carlsberg CEO Cees ‘t Hart was delighted with the results achieved. “We are very pleased with the strong set of results for the first half in light of the severe challenges arising from the war in Ukraine, rising commodity prices and energy costs, and the pandemic. Despite these challenges, the Carlsberg Group’s half-year results are now well ahead of pre-pandemic levels.”

In this regard, he added, “Global uncertainty remains high, with increasing input cost pressures a particular challenge for us in the coming quarters. In this environment, we will continue to seek the right balance between mitigating near-term challenges and investing in the long-term opportunities behind our ‘Sail’27 priorities to deliver on our top-line and bottom-line growth ambitions. Despite difficult market conditions, we are staying the course.”

The company expects to maintain a high percentage of operating profit growth for the remainder of the year following the strong investment made to date.

CARLSBERG RECOVERS TO ACHIEVE 20% PROFIT IN THE FIRST HALF OF THE YEAR

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