Carlsberg As Shs A (CABHF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Carlsberg's H1 2026 Interim Financial Statement. I'm Moritz, the course call operator. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer 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 Jacob Arup-Andersen, CEO. Please go ahead. Thank you very much, operator. So good morning, everyone, and welcome to Carlsberg's half-year 2026 conference call. As said, my name is Jacob Arup-Andersen, and I have with me our CFO, Ulrike Fern, and Vice President, Investor Relations, Peter Kondrup. Before we get into it, let me just begin by summarizing the key headlines for the half-year. First of all, we delivered solid top line and solid earnings growth. We are delivering the BRITBIC synergies faster than expected. We're making strong progress on leverage reduction, and we're expanding our Pepsi partnership to many more markets. And we're narrowing our full year guidance for organic operating profit growth towards the upper end of our previous guidance range. Before I cover the key headlines for the group and regions, And before Rikke takes you through the financials and the full year outlook, I will let her explain the exciting reporting changes following the implementation of IFRS 18. So over to you, Rikke. Thank you very much, Jakob. And please, everyone, turn to slide three for that. So as we told you in February, we have implemented IFRS 18 this year, and this is ahead of the mandatory adoption in 2027. And this is a highly complex ...