Carlsberg As Shs A (CABHF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Carlsberg Q1 2026 Trading Statement Conference Call. I am Healy, the Coral Call Operator. I would like to remind you that all 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-Andersen, CEO. Please go ahead. Thank you very much, Operator, and good morning, everyone, and welcome to Carlsberg's Q1 2026 conference call. As said, my name is Jakob Arup-Andersen, and I have with me, as always, CFO Ulrike Fern and Vice President, Investor Relations, Peter Kondrup. Let me begin by summarizing the key headlines for the quarter. First of all, we delivered a good start to the year. Our growth categories delivered strong results. Our Asia region returned to solid growth, and we confirm our earnings guidance for the year. Finally, last week we reached another milestone with PepsiCo when we announced the takeover of the Pepsi franchises in Denmark, Finland, and the Baltics from 1st of January, 2029. Now let's turn to slide three and the key Q1 figures for the group. As said, we had a good start to the year. We delivered 2.8% organic volume growth, and we delivered growth in all three regions, and that was supported by an aggregate growth of 7% for our growth categories. All three regions contributed to the 1% improvement in revenue per hectolitre. Organic revenue grew by 3.6%. Reported growth was 3% as the positive acquisition impact related to BRITVIC, which was 2.7%, was offset by currencies, in particul...