Carlsberg As Shs A (CABHF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Carlsberg Q3 2025 Trading Statement conference call. I am Healy, the conference 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 1 on your telephone. For operator assistance, please press star and 0. 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, and good morning, everybody, and welcome to the Casper Q3 2025 conference call. So, as I said, my name is Jakob Arup-Andersen. I'm the group's CEO, and I have with me our group's CFO, Ulrike Fern, and Vice President of Investor Relations, Peter Gondrup. Before we get into the meat, let me begin by summarizing the key headlines for the quarter. First of all, we delivered strong volume and revenue growth due to the British acquisition, for which both integration and synergy realization are progressing very well. In a soft consumer environment, we achieved solid underlying volume and revenue growth in Western Europe, and we achieved sequential quarterly improvement in Asia. As part of our well-embedded performance management process, we have since early summer taking decisive actions to adjust our cost base in order to protect continued earnings growth and to enable uninterrupted investments in our business. As you will have seen, we maintain our full-year earnings guidance. Now, I will provide the key group headlines for the quarter, and then Ulrike will take you through the regions and the full-year outlook. So let's turn to slide number three. As a result of the Briti...