Carlsberg AS

Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Tuborg Green, 1664 Blanc, Baltika, and Somersby Apple Cider. It operates through the following geographical segments: Western Europe, Asia, and Central and Eastern Europe. The company was founded by Jacob Christian Jacobsen in 1847 and is headquartered in Copenhagen, Denmark.

Carlsberg A/S (OTCPK:CABGY) Q3 2024 Earnings Conference Call October 31, 2024 4:30 AM ET Company Participants Jacob Aarup-Andersen - CEO Ulrica Fearn - Group CFO Conference Call Participants Andrea Pistacchi - Bank of America Merrill Lynch Edward Mundy - Jefferies Simon Hales - Citi Trevor Stirling - Bernstein Thomas Lind Petersen - Nordea Gen Cross - BNP Paribas Laurence Whyatt - Barclays Sanjeet Aujla - UBS Chris Pitcher - Redburn Soren Samsoe - SEB Operator Ladies and gentlemen, welcome to the Q3 2024 Trading Statement Conference Call. I am Shari, the Chorus Call operator.

Carlsberg A/S (CABGY) Q3 2024 Earnings Conference Call Transcript

Carlsberg's chief executive Jacob Aarup-Andersen has admitted that the Danish brewing multinational faced a “tough quarter" in the three months ending 30 September, as a "challenging consumer environment and weather" weighed on sales performance. The company recorded a modest 1.3% organic revenue increase, but overall beer volumes dropped by 1.3% in key regions, with notable declines in China, France, and the UK.

Carlsberg concedes ‘tough quarter' as premium beer volumes fall

The Copenhagen-based brewer didn't meet revenue and sales volumes expectations due to a poor performance in China and other countries, but reiterated its full-year guidance.

Carlsberg Misses Sales Expectations on Weak Consumer Backdrop

Brewer Carlsberg is shifting some of its marketing focus to cheaper brands, it said on Thursday, as consumers in major markets bought cheaper beer and in reduced quantities.

Carlsberg shifts marketing focus as drinkers choose cheaper beer

Britain's Competition and Markets Authority (CMA) has launched a formal investigation into Carlsberg's £3.3 billion takeover of J20 maker Britvic PLC. The watchdog had begun scrutinising the tie-up last month, having asked for input on how the deal would affect competition and consumers.

Britvic-Carlsberg merger faces formal probe in UK

Robinsons squash maker Britvic PLC's (LSE:BVIC) takeover by Danish brewing giant Carlsberg is to be scrutinised by the UK competition watchdog. The Competition and Markets Authority (CMA) is asking for comments from interested parties about whether the deal might affect competition in the soft drinks and beer markets and harm consumers.

Britvic Carlsberg deal looked at by UK competition watchdog

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Carlsberg (CABGY) a Great Value Stock Right Now?

Revenue growth wasn't that great, while operating profit performance and outlook improved on favourable hedged COGS effects and mix effects. This impact was good given increased marketing. The San Miguel partnership is coming to an end and will be a 3% or so headwind on revenues and probably operating profit. Britvic will raise debt levels and interest costs, making net income growth difficult. The dividend seems safe.

Carlsberg: Markets Likely Want To See More From Volumes

Carlsberg A/S (OTCPK:CABGY) Q2 2024 Earnings Conference Call August 14, 2024 3:30 AM ET Company Participants Jacob Aarup-Andersen - Group Chief Executive Officer Ulrica Fearn - Chief Financial Officer Peter Kondrup - Vice President, Investor Relations Conference Call Participants Trevor Stirling - Bernstein Sanjeet Aujla - UBS Thomas Lind - Nordea Simon Hales - Citi Laurence Whyatt - Barclays Søren Samsøe - SEB Chris Pitcher - Redburn Atlantic Gen Cross - BNP André Thormann - Danske Bank Operator Good morning, ladies and gentlemen. Welcome to the H1 Financial Statement Conference Call.

Carlsberg A/S (CABGY) Q2 2024 Earnings Call Transcript

Carlsberg doesn't expect any dramatic changes to rules for liquor ads in India, the brewer's CEO said on Wednesday, after reports the country is set to announce sweeping rules that will bar even so-called surrogate ads.

Carlsberg doesn't see dramatic curbs on India liquor ads

Danish brewer Carlsberg boss Jacob Aarup-Andersen has partially attributed its declining UK market share to the rise of so-called ‘faux Spanish' lager Madrí, which has exploded in popularity since Molson Coors Beverage Co (NYSE:TAP) launched the brand in 2020. In comments published by The Telegraph, Aarup-Andersen said: “We're seeing a continued high competition in world beers.

Madrí contributing to ‘fierce battleground' in UK beer market, says Carlsberg boss

Danish brewing giant Carlsberg witnessed a 1.7% decline in sales volumes across the Western European market in the first half of 2024, offsetting growth in Asia and Central and Eastern Europe. Carlsberg cited “poor weather in most markets in June and difficult comparables because of good weather in June 2023” as key factors for the underwhelming result.

Carlsberg suffers volume declines in Western Europe

Carlsberg gave a gloomy outlook for the Chinese market where beer drinkers are increasingly opting out of the most expensive brands, prompting its shares to hit their lowest level since March 2022.

Carlsberg shares hit 29-month low on gloomy Chinese beer outlook

Danish brewer Carlsberg on Tuesday lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit by bad June weather.

Carlsberg lifts 2024 growth outlook, Q2 sales lag forecasts

Unite union has warned that hundreds of jobs could be lost as part of Carlsberg's £3.3 billion bid to acquire Britvic PLC (LSE:BVIC). The Danish brewer plans to cut approximately 1% of jobs across the combined workforce if the merger proceeds, which could affect hundreds of positions.

Britvic jobs at risk from Carlsberg takeover, warns Unite union

Diageo

India, which bans direct advertising of liquor, is set to announce sweeping rules that will bar even surrogate ads and sponsoring of events, which could force firms such as Carlsberg, Pernod Ricard and Diageo to redraw marketing campaigns.

Exclusive: India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod

Carlsberg has agreed to take full control of its business in India and Nepal, the Danish brewer said on Friday.

Carlsberg to take control of India business, eyes expansion

One might be inclined to bet on Carlsberg, as the Euros would have been a tailwind in the coming earnings. However, we worry about Carlsberg due to disappointments from peers. While markets should have been more enthusiastic about Britvic, there is also the underlying issue of a lacking value proposition for Carlsberg.

Carlsberg: Olympics And Euros Angle May Disappoint

Marston's said England's run in the Euro 2024 football tournament saved its third quarter after persistent rain had threatened a complete washout. The FTSE 250 group, which opeates1,370 pubs, said sales rose by 5.2% in the 42 weeks to 20 July 2024 but by just 2.4% in the last sixteen of these as the rain poured.

Marston's toasts Carlsberg sale but England rescue latest quarter

If Britvic's the answer, what's the question? Brokers at RBC Capital Markets posed this stumper in an analysis piece on Carlsberg's leftfield takeover bid for the Pepsi and Robinson's producer.

Carlsberg's 'mystifying' Britvic takeover failing to convince market - analyst

Wimbledon was once an annual highlight for FTSE 250-listed soft drinks maker Britvic PLC (LSE:BVIC), as its cornerstone squash brand Robinsons basked in the glory of a prestigious sponsorship that dated back more than eight decades. That partnership came to an end in 2022, but Britvic is in high spirits for another reason this Wimbledon season.

Britvic shares fail to fizz to Carlsberg premium due to flat trading update

The third time looks to be a charm for Carlsberg, which announced Monday that it has agreed to take over Britvic in a deal valuing the U.K. drinks giant at £3.3 billion ($4.2 billion).

Carlsberg agrees $4.2 billion Britvic deal after third approach

Marston's PLC shares rose 20% following Carlsberg's announcement of a £206 million acquisition of Marston's 40% stake in their joint venture, Carlsberg Marston's Brewing Company (CMBC). This deal, valued at 14.5 times last year's earnings, allows Marston's to accelerate the repayment of its nearly £1 billion debt and save £18 million in interest payments, making the transaction earnings accretive.

Marston's jumps 20% on £206m Carlsberg deal news

It was 'splash-the-cash day' for Danish lager giant Carlsberg. In one announcement it said would pay £3.3 billion for British mixers group Britvic PLC (LSE:BVIC), in another it was revealed to be acquiring the rump of a drinks joint venture with publican Marston's PLC (LSE:MARS) It is handing over £206 million to the owner of the Pitcher and Piano chain for a 40% stake in Carlsberg Marston's (CMBC).

Martston's benefits to the tune of £206m from splash-the-cash day at Carlsberg

Soft drinks maker Britvic has agreed to a sweetened takeover bid of £3.28 billion ($4.2 billion) from Carlsberg. Ian Durant, a non-executive chair of Britvic, said the proposed deal "creates an enlarged international group that is well-placed to capture the growth opportunities in multiple drinks sectors.

News for Carlsberg AS Stock (CABGY)