Carlsberg concedes ‘tough quarter' as premium beer volumes fall
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.
Is Carlsberg (CABGY) a Great Value Stock Right Now?
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.
Carlsberg: Markets Likely Want To See More From Volumes
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 A/S (CABGY) Q2 2024 Earnings Call Transcript
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.
Madrí contributing to ‘fierce battleground' in UK beer market, says Carlsberg boss
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.
Carlsberg suffers volume declines in Western Europe
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: Olympics And Euros Angle May Disappoint
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.
Marston's toasts Carlsberg sale but England rescue latest quarter
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.
Carlsberg's 'mystifying' Britvic takeover failing to convince market - analyst
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 agrees $4.2 billion Britvic deal after third approach
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).
Marston's jumps 20% on £206m Carlsberg deal news
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.
Martston's benefits to the tune of £206m from splash-the-cash day at Carlsberg
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).
