Carlsberg As Shs A (CABHF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, please hold the line. The conference will begin shortly. Thank you. Thank you. Ladies and gentlemen, welcome to the Carlsberg Q1 2025 Trading Statement Conference Call. I am Hilly, the Coral Call Operator. I would like to remind you that all the participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Jakob Arup, our Nende Andersen CEO. Please go ahead. Thank you so much, operator, and good morning, everyone, and welcome to Carlsberg's Q1 2025 conference call. My name is Jakob Andersen, and I have with me our CFO, Ulrike Fern, and Vice President, Investor Relations, Peter Kontrup. Now, let me begin by summarizing some of the key headlines for the quarter. First of all, we delivered significant volume and revenue growth due to the BRITVIC acquisition. Key markets like China, India, and the U.K. delivered a solid start to the year, while total organic development was soft, impacted by the continued soft consumer sentiment, the loss of San Miguel in the U.K., and the late Easter. We saw good growth for our key strategic growth drivers, including premium beer and alcohol-free brews. I also have to say we're very pleased with the British business, and integration is progressing as planned. Finally, as you will have seen, we, of course, maintain the earnings guidance for the year. I'm going to provide some of the key group headlines for the quarter and some color on BRITREC, and then Ulrike is going to take you through the regions...