Q3 update: Organic sales were up +1% (cons. +1.5%) with flat volumes (cons. -1.8%) and +1% price/mix. On a reported basis, revenue was down 4% (FX: -4%). OG net revenue by region: Western Europe -4% (cons. 0%, impacted by destocking), Eastern Europe 16% (cons. 4.9%) and Asia 2% (cons. 3.5%). OG beer volume by region: Western Europe -4% (cons. -3%), Eastern Europe +10% (cons. 0%) and Asia -1% (cons. -2.3%). The company upgraded its FY guidance: organic operating growth should be up c. 5% (prev
09 Nov 2016
Q3 is a mixed bag; upgrade of its FY guidnace
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Q3 is a mixed bag; upgrade of its FY guidnace
Carlsberg AS Class B (CARL:WBO) | 0 0 1.8% | Mkt Cap: 110,929m
- Published:
09 Nov 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Q3 update: Organic sales were up +1% (cons. +1.5%) with flat volumes (cons. -1.8%) and +1% price/mix. On a reported basis, revenue was down 4% (FX: -4%). OG net revenue by region: Western Europe -4% (cons. 0%, impacted by destocking), Eastern Europe 16% (cons. 4.9%) and Asia 2% (cons. 3.5%). OG beer volume by region: Western Europe -4% (cons. -3%), Eastern Europe +10% (cons. 0%) and Asia -1% (cons. -2.3%). The company upgraded its FY guidance: organic operating growth should be up c. 5% (prev