Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_English


CASTLE MALTING NEWS in partnership with www.e-malt.com
09 July, 2020



Brewing news World: Carlsberg reports 14.6% second-quarter group revenue decline

Danish brewer Carlsberg reported on July 10 that its second-quarter group revenue declined 14.6 percent and total volumes declined 7.8 percent, both on organic terms.

Meanwhile, the company reported improved performance in Western European region towards the end of the quarter. Further, Chinese business rebounded strongly in the quarter and profits improved significantly.

Carlsberg shares were gaining around 5 percent in the early morning trading in Denmark.

In the Western European region, the company reported a very difficult start to the quarter. Improved performance towards the end of the quarter reflected gradual reopening of the on-trade channel and subsequent restocking in many markets, as well as good weather in June.

In Asia, Chinese business was benefited by cost reductions and the fact that many marketing activities were postponed to the second half. Meanwhile, sales in the other markets in Asia were significantly impacted by the lockdowns, especially in India and Nepal.

In Eastern Europe, businesses have so far been less impacted by the pandemic due to limited on-trade exposure.

For the first half, group revenue declined 11.6 percent organically and total volumes declined 7.7 percent.

The company expects to report an organic decline in operating profit of 8.9 percent.

In Denmark, Carlsberg shares were trading at 912.20 Danish kroner, up 4.73 percent.





Back



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     No      Privacy Policy   





(libra 0.7266 sec.)