The demand for alcohol-free beer has seen a significant rise in recent years, driven by changing consumer preferences towards healthier lifestyles and moderation. ➡️ At Carlsberg, they see this opportunity as more than just creating an alternative beverage but a whole new category of drinks for innovation.
The demand for alcohol-free beer has seen a significant rise in recent years, driven by changing consumer preferences towards healthier lifestyles and moderation.
Carlsberg A/S (OTCPK:CABGY) Q4 2024 Results Conference Call February 6, 2025 3:30 AM ET Company Participants Jacob Aarup-Andersen - Group Chief Executive Officer Ulrica Fearn - Chief Financial Officer Conference Call Participants Simon Hales - Citi Edward Mundy - Jefferies Søren Samsøe - SEB Sanjeet Aujla - UBS André Thormann - Danske Bank Nicolai Olivier - Goldman Sachs Andrea Pistacchi - Bank of America Mads Lindegaard Rosendal - Danske Bank Peter Sehested - ABG Thomas Lind - Nordea Jacob Aarup-Andersen Thank you, operator, and good morning, everybody, and welcome to Carlsberg's Full Year 2024 Conference Call. As said, my name is Jacob Aarup-Andersen, and I have with me our CFO, Ulrica Fearn, and Vice President, Investor Relations, Peter Kondrup.
Carlsberg shares climbed 4% in early trading after the Danish brewer reported 6% growth in annual underlying operating profit to £1.3 billion, reaching the top end of its forecast range. The brewer said it expects further profit growth of 1% to 5% this year.
Danish brewer Carlsberg on Thursday reported a slight miss in fourth-year sales and pointed to lower growth in 2025. The company posted fourth-quarter sales to 15.72 Danish kroner ($2.18 billion), coming in just below the 15.79 billion Danish kroner estimated by analysts in an LSEG poll.
Carlsberg CEO Jacob Aarup-Andersen weighs in on the trend toward reduced alcohol consumption in many markets, and how his business is responding.
Like much of the alcohol sector, Danish brewer Carlsberg has been a pretty weak performer over the past year or so. The business is probably doing about as well as can be expected given tough operating conditions. On the other hand, the deal to acquire British soft drinks company Britvic appears more questionable, with the economics looking fairly underwhelming.
Britain's competition regulator said on Tuesday it would not refer Carlsberg's deal with soft drinks maker Britvic for an in-depth probe.
Carlsberg, a leading Danish brewer, is undervalued, trading below 740 DKK, making it an attractive buy with a significant upside potential. The company's SAIL strategy aims to improve sales, margins, and expand in Asia, enhancing its market position and profitability. Despite sector challenges, Carlsberg's strong fundamentals, conservative leverage, and 3.6% dividend yield make it a solid investment.
Carlsberg A/S is a global brewing company primarily focused on beer, but also produces soft drinks, minerals, and sports drinks. Loss of 47 billion DKK ($6.6 billion) due to the forced write-off of Russian assets after government intervention. Significant growth opportunities because of expansion in emerging markets like Asia and Eastern Europe, driven by rising disposable incomes.
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 CEO Jacob Aarup-Andersen weighs in on growth in the alcohol-free segment, Chinese consumer behavior, and why the market backdrop is "not as bad as some people would like to make it."