Q1 update: organic net revenue was up +4% (cons. +2.8%) with flat volumes (cons. -0.6%) and +4% price/mix. On a reported basis, revenue was up 5% (FX: +3%, net acquisitions -2%). OG net revenue by region: Western Europe +2% (cons. 1%), Eastern Europe +10% (cons. 2.1%) and Asia 6% (cons. 7.2%). OG beer volume by region: Western Europe +1% (cons. 0.5%), Eastern Europe -2% (cons. -4.2%, impacted by the PET 1.5l ban) and Asia -1% (cons. +1%). FY guidance is maintained.
04 May 2017
Q1 beat, growing in all geographies
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Q1 beat, growing in all geographies
Carlsberg AS Class B (CARL:WBO) | 0 0 1.8% | Mkt Cap: 110,929m
- Published:
04 May 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q1 update: organic net revenue was up +4% (cons. +2.8%) with flat volumes (cons. -0.6%) and +4% price/mix. On a reported basis, revenue was up 5% (FX: +3%, net acquisitions -2%). OG net revenue by region: Western Europe +2% (cons. 1%), Eastern Europe +10% (cons. 2.1%) and Asia 6% (cons. 7.2%). OG beer volume by region: Western Europe +1% (cons. 0.5%), Eastern Europe -2% (cons. -4.2%, impacted by the PET 1.5l ban) and Asia -1% (cons. +1%). FY guidance is maintained.