Carlsberg’s H1 update: organic revenue was up 4% (cons. +3.2%, Q2: 6%). Volumes were down 1% (cons. -0.8%), price/mix stood at 5%. On a reported basis revenue was down 4% due to adverse currency effects. H1 organic net revenue by region: Western Europe 2% (Q2: +7%), Eastern Europe +8% (Q2: -4%), Asia +4% (Q2: +3%). The group’s operating margin was up +50bp in organic terms and contracted by 10bp on a reported basis due to higher central costs linked to investments behind EURO 2016
17 Aug 2016
H1: Funding the Journey improves profitability but FX drags down the figures
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H1: Funding the Journey improves profitability but FX drags down the figures
Carlsberg AS Class B (CARL:WBO) | 0 0 1.8% | Mkt Cap: 110,929m
- Published:
17 Aug 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Carlsberg’s H1 update: organic revenue was up 4% (cons. +3.2%, Q2: 6%). Volumes were down 1% (cons. -0.8%), price/mix stood at 5%. On a reported basis revenue was down 4% due to adverse currency effects. H1 organic net revenue by region: Western Europe 2% (Q2: +7%), Eastern Europe +8% (Q2: -4%), Asia +4% (Q2: +3%). The group’s operating margin was up +50bp in organic terms and contracted by 10bp on a reported basis due to higher central costs linked to investments behind EURO 2016