Carlsberg AS
CARL A
ISIN DK0010181676 / Valor 460665
Carlsberg AS
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About company
Carlsberg AS, founded in 1847 by J.C. Jacobsen, stands as a prominent figure in the global brewing industry. The company has cultivated a diverse portfolio of beer and other beverage brands, positioning itself as a key player in the sector. With a workforce exceeding 30,000 individuals, Carlsberg operates across more than 125 markets worldwide, showcasing its extensive reach and influence in the beverage market. The company's commitment to innovation and quality has enabled it to maintain a competitive edge, ensuring its continued growth and relevance in the industry. While Carlsberg emphasizes its vision of brewing for a better future, its core business revolves around the production and distribution of alcoholic and non-alcoholic beverages, catering to a wide range of consumer tastes and preferences.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (23.05.2024):
ACCELERATE SAIL – INCREASING LONG-TERM AMBITIONS
In FY 2023, Carlsberg AS announced an increase in their long-term growth ambitions, aiming for an organic revenue growth of 4-6% CAGR, up from the previous 3-5%. This is part of their Accelerate SAIL strategy, which focuses on enhancing commercial investments to drive compounding, long-term growth.
CONTINUED VOLUME GROWTH IN ASIA
Carlsberg AS reported a mixed performance in volume growth across different regions for FY 2023. While there was a decline in Western Europe (-2.3%) and Central & Eastern Europe (-4.0%), Asia showed a positive trend with a 3.7% increase in organic volume development.
STRONG REVENUE GROWTH, DRIVEN BY ALL REGIONS
For FY 2023, Carlsberg AS achieved a robust organic revenue growth of 9.2%, with a reported revenue increase of 4.7% bringing the total to DKK 73,585m. This growth was supported by a 10% increase in organic revenue per hectoliter across all regions.
SOLID ORGANIC OPERATING PROFIT GROWTH
Carlsberg AS experienced a solid organic operating profit growth of 5.2% in FY 2023. This growth reflects the strong revenue performance, although it was partly offset by cost inflation and increased commercial investments. The reported operating profit before special items was DKK 11,105m, showing a decrease of 3.2% due to currency impacts.
REPORTED NET PROFIT IMPACTED BY NON-CASH RECLASSIFICATIONS
The FY 2023 financial results of Carlsberg AS were significantly impacted by the deconsolidation of their Russian business, leading to a reported net loss of DKK -40,788m. This includes accumulated losses on currency translation and hedges from 2004 to 2023 amounting to DKK 41,504m and an impairment of DKK 7,002m.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3947 M
Market cap (USD)
1,027
Daily traded volume (Shares)
852 / 824
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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