Carlsberg Group's Q2 net profit up 47% year-over-year to 3.28B Danish kroner, as net revenue increases 4.5% to 19.59B kroner, driven by market share growth in northern and Western Europe, Asia
August 15, 2012
Commenting on the results, CEO Jørgen Buhl Rasmussen says: “Carlsberg achieved positive market share growth in all three regions which shows that the recent years’ significant efforts behind our international premium brands, local power brands, and within sales execution are paying off. It is particularly satisfactory to see a further improvement in our Russian market share which is a clear sign that our efforts initiated during last year are beginning to bear fruit. Excellent execution of EURO 2012 delivered very strong visibility of the Carlsberg brand. Sales and marketing investments were more skewed towards the first half of this year which, combined with the very bad weather in Northern & Western Europe, impacted profits for the first six months.”
Industry Intelligence Editor’s Note: In an omitted table, Carlsberg Group reported Q2 net revenue of 19.59 billion Danish kroner. For the same period a year ago, the company reported net revenue of 18.74 billion kroner.
For comprehensive company financial overviews, please visit our Financial Center.
To see the full report, click here.