H1 update: Organic net revenue was up +2% (cons. +3.2%, Q2: 0%) with beer volume -3% (cons. -0.8%) and +4% price/mix. On a reported basis, revenue was up 2% (FX: +2%, net acquisitions -2%). The operating margin was up 200bp to 13% (better than cons. +100bp) and improved across all geographies. OG net revenue by region: Western Europe +2%, Eastern Europe -1% and Asia +6%. OG beer volume by region: Western Europe +0%, Eastern Europe -9% and Asia -1%. The FY guidance is maintained: mid single-di
16 Aug 2017
H1: costs savings are coming through
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1: costs savings are coming through
Carlsberg AS Class B (CARL:WBO) | 0 0 1.8% | Mkt Cap: 110,929m
- Published:
16 Aug 2017 -
Author:
Anna Zyniewicz -
Pages:
2
H1 update: Organic net revenue was up +2% (cons. +3.2%, Q2: 0%) with beer volume -3% (cons. -0.8%) and +4% price/mix. On a reported basis, revenue was up 2% (FX: +2%, net acquisitions -2%). The operating margin was up 200bp to 13% (better than cons. +100bp) and improved across all geographies. OG net revenue by region: Western Europe +2%, Eastern Europe -1% and Asia +6%. OG beer volume by region: Western Europe +0%, Eastern Europe -9% and Asia -1%. The FY guidance is maintained: mid single-di