Carlsberg beats the odds

Brewery giant shows larger than expected profits in 2013

Carlsberg, the Danish brewery giant and the world’s fourth-biggest brewer, reported earnings that trumped analyst estimates.

Fourth-quarter earnings before interest and taxes rose to over 2.3 billion kroner, up from 2.15 billion kroner during the same period last year. According to the company, the earnings came as something of a pleasant surprise.

“We achieved solid revenue growth driven by strong and focused execution despite the generally challenging macro-economy;” company head Jørgen Rasmussen said in a statement.

Asian and Russian growth
Rasmussen said that the company plans to continue to grow its Russian business and develop its Asian operations to capture the growth potential of the region.

The financial crisis has slowed beer consumption in tradition markets in western Europe, and governmental regulation is curbing alcohol consumption in Russia, so sales actually fell a bit last year, but the company made up the difference in price. They expect that trend to continue in 2014.  Although Asian markets are growing, they are not yet offsetting declines in western and eastern Europe revenue.

READ MORE: Carlsberg eyes African growth

Carlsberg forecasts that western European beer markets will decline again this year while Asian markets will continue to grow in line with 2013.

TOP STORIES

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • How internationals can benefit from joining trade unions

    How internationals can benefit from joining trade unions

    Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.

  • Internationals in Denmark rarely join a trade union

    Internationals in Denmark rarely join a trade union

    Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.

  • Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Contact us

Jobs