Carlsberg As Class A · OMXCOP:CARL_A
Carlsberg As Class A — Carlsberg As Shs A — Q1 2025 Earnings Presentation
11 slides from Carlsberg As Class A's earnings presentation, Apr 29, 2025
Slide 1: Q1 2025 Trading Statement
Q1 2025 TRADING STATEMENT 1
Slide 2: Disclaimer
Q1 2025 TRADING STATEMENT Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements, including statements about the Group’s sales, revenues, earnings, spending, margins, cash flow, inventory, products, actions, plans, strategies, objectives and guidance with respect
Slide 3: Strong reported volume and revenue growth
Q1 2025 TRADING STATEMENT Strong reported volume and revenue growth REPORTED ORGANIC TOTAL VOLUMES Excluding San Miguel, organic development -1.1% +14.5% -2.3% REVENUE/HL +1% REVENUE +17.4% -1.5% 3
Slide 4: Good progress for growth categories and international brands
Q1 2025 TRADING STATEMENT Good progress for growth categories and international brands +1% +3% -2% +10% PREMIUM1 +4% AFB +15% BEYOND BEER +6% SOFT DRINKS -4% ¹ Excluding impact from San Miguel 4
Slide 5: Signing long-term partnership with UEFA
Q1 2025 TRADING STATEMENT Signing long-term partnership with UEFA CARLSBERG THE OFFICIAL BEER OF UEFA NATIONAL TEAM FOOTBALL • Long-term partnership • Increased access to European men and women football tournaments • Continuation of long-standing commitment to the world of football • Carlsberg the l
Slide 6: Britvic integration progressing as planned
Q1 2025 TRADING STATEMENT Britvic integration progressing as planned INTEGRATION AND SYNERGIES • Integration and synergy realisation on-going, progressing according to plans • GBP 100m synergy expectations unchanged BUSINESS PERFORMANCE • Pepsi Max delivering continued share growth in growing cola s
Slide 7: Western Europe
Q1 2025 TRADING STATEMENT Western Europe UK TOTAL VOLUMES • LSD volume growth (excl. San Miguel) • Solid market share improvement +41.5%1 THE NORDICS -3.1%2 • Flat volumes, impacted by later Easter • Growth in soft drinks and premium beer offsetting declining mainstream beer REVENUE/HL2 FRANCE Flat
Slide 8: Asia
Q1 2025 TRADING STATEMENT Asia TOTAL VOLUMES CHINA -2.1%1 • Solid start to the year: 2% volume growth driven by premium portfolio and Big City growth -2.1%2 • Flat revenue/hl, impacted by channel mix VIETNAM REVENUE/HL2 • Lower mainstream volumes in central, impacted by sell-in to Têt last year, int
Slide 9: Central & Eastern Europe and India
Q1 2025 TRADING STATEMENT Central & Eastern Europe and India TOTAL VOLUMES INDIA • Market growth +9.9%1 • DD volume growth • Market share strengthening to almost 23% -1.7%2 UKRAINE • Soft consumer sentiment • Volumes slightly up; market share improvement REVENUE/HL2 • Good growth for premium and AFB
Slide 10: 2025 earnings expectations unchanged
Q1 2025 TRADING STATEMENT 2025 earnings expectations unchanged Organic operating profit growth of 1-5%1 BRITVIC • Assumed operating profit contribution of GBP 250m unchanged KEY ASSUMPTIONS • Translation impact on operating profit: around DKK -200m, based on the spot rates at 28 April (previously DK
Slide 11: Q&A
Q1 2025 TRADING STATEMENT Q&A 11