My watch list
my.yumda.de  
Login  

Carlsberg profits boosted in 2018 by World Cup, warm summer

07-Feb-2019

Danish brewer Carlsberg said Wednesday that its 2018 net profit rose to 5.31 billion kroner ($811 million) from 1.26 billion kroner a year earlier, on strong beer sales across its major markets, boosted by unusually hot weather in western Europe and the football World Cup.

Revenue increased 3 percent to 62.5 billion kroner and CEO Cees 't Hart said the Copenhagen-based group had "delivered a strong set of results for 2018." Carlsberg didn't publish net income figures for the fourth quarter of 2018. It said its operating profit outlook for 2019 was "mid-single-digit percentage organic growth."

The brewer noted an increase in revenue in Asia and eastern Europe. In India, volumes grew by 19 percent, China delivered "very strong results" with growth of 15 percent while its key Russian beer market last year grew for the first time since 2007, Carlsberg said. Revenue in Russia grew about 3 percent, supported by the weather and the World Cup.

Hart added they will recommend "a 13 percent increase in dividend to 18 kroner per share and initiate a share buy-back program of 4.5 billion kroner ($688 million), leading to cash returns to shareholders for the year of 7.2 billion kroner ($1.1 billion)." Carlsberg shares rose nearly 4 percent in Copenhagen to 780.8 kroner.(dpa)

Facts, background information, dossiers
  • beer
  • China
  • India
More about Carlsberg
  • News

    From Cheapest To Best - Carlsberg UK Gets Honest About Its Beer

    Carlsberg UK has launched its most ambitious and honest consumer facing campaign ever in a bid to drive reappraisal of its flagship beer brand. Expected to reach 97% of the UK, the £20million campaign conceived in collaboration with agency partners Fold7, Clifford French and Initiative - tr ... more

    Carlsberg sales hit by Russian move to limit bottle sizes

    Danish brewer Carlsberg says its profits and sales fell last year, partly because of weakness in its key Russian market, where a law limited the maximum size of plastic bottles. Carlsberg said Wednesday that its 2017 net profit fell to 1.26 billion kroner ($210 million), from 4.49 billion k ... more

  • Companies

    Carlsberg Deutschland GmbH

    more

    Carlsberg A/S

    The Carlsberg Group is the fourth largest brewer in the world. The Group employs more than 45,000 people and is characterised by a high degree of diversity of brands, markets and cultures. Our extensive portfolio of more than 140 beer brands provides a beer for every occasion and palate. ... more

Your browser is not current. Microsoft Internet Explorer 6.0 does not support some functions on Chemie.DE