Carlsberg As Class A · OMXCOP:CARL_A
Carlsberg As Class A — Carlsberg As Shs A — Q3 2024 Earnings Presentation
10 slides from Carlsberg As Class A's earnings presentation, Oct 31, 2024
Slide 1: Q3 2024 Trading Statement
Q3 2024 TRADING STATEMENT Q3 2024 TRADING STATEMENT 1
Slide 2: Disclaimer
Q3 2024 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: Quarter impacted by challenging consumer environment
Q3 2024 TRADING STATEMENT Quarter impacted by challenging consumer environment VOLUME¹ REVENUE/ REVENUE¹ HL¹ -0.2% (Q3) +2% (Q3) +1.3% (Q3) +0.8% (YTD) +2% (YTD) +3.0% (YTD) Good volume growth Mainly driven by Double-digit growth in CEE&I offset by price increases, in CEE&I, partly China, France and
Slide 4: Results for selected portfolio categories
Q3 2024 TRADING STATEMENT Results for selected portfolio categories PREMIUM ALCOHOL-FREE SOFT DRINKS BEER BREWS +3% YTD +6% YTD +1% +4% YTD Q3 -0.5% Q3 +6% Q3 4
Slide 5: Update on Britvic and cooperation with PepsiCo
Q3 2024 TRADING STATEMENT Update on Britvic and cooperation with PepsiCo BRITVIC PEPSICO On 27 August, the majority of Taking over the Pepsi bottling Britvic shareholders voted in franchise in Kazakhstan and favour of the recommended Kyrgyzstan from 1 January offer 2026 Final deal closure expected i
Slide 6: Western Europe
Q3 2024 TRADING STATEMENT Western Europe THE NORDICS TOTAL VOLUME¹ +0.1% • Good volume growth • Positive momentum for premium, AFB and soft drinks supporting revenue/hl growth FRANCE • Tough year for our business REVENUE/HL¹ Flat • Market share decline in a declining market UK • Good growth for Broo
Slide 7: Asia
Q3 2024 TRADING STATEMENT Asia CHINA TOTAL VOLUME¹ • Continued market share gain • Market decline of ~7% in Q3, impacted by weak consumer environment and bad weather • HSD growth for Carlsberg and DD for Wind Flower -5.2% Snow Moon REVENUE/HL¹ +2% VIETNAM • Market share gain in a stabilising market
Slide 8: Central & Eastern Europe and India
Q3 2024 TRADING STATEMENT Central & Eastern Europe and India INDIA TOTAL VOLUME¹ • Low-teens volume growth in Q3 and YTD • More than 40% growth of premium Carlsberg brand • Market share gain +5.2% UKRAINE REVENUE/HL¹ +4% • Continued volatile market • Mid-teens volume growth, supported by strong grow
Slide 9: 2024 earnings expectations maintained
Q3 2024 TRADING STATEMENT 2024 earnings expectations maintained ORGANIC OPERATING PROFIT GROWTH¹ OF 4–6% Assumptions • Translation impact on operating profit: around DKK -300m, based on the spot rates at 30 October • Net finance costs (excluding FX): DKK -1.2bn • Reported effective tax rate: around
Slide 10: Q&A
Q3 2024 TRADING STATEMENT Q&A 10