Carlsberg ( OTCPK:CABGY )( OTCPK:CABJF ) has been a fairly weak performer since my last piece on this Danish brewer. Although its business was holding up relatively well for most of last year, sentiment toward the alcohol sector has been negative forI like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and pred ...

The company discussed in this article is only one potential investment in the sector. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Consider subscribing and learning more here.In this article, I'll be taking a first look at a company I've been looking at for years and years, owing to the fact that it's geographically fairly close to me, and the largest brewerHe is a contributing author and analyst for the investing group iREIT ...

If you are American, you have probably never heard of Carlsberg A/S ( OTCPK:CABGY )( OTCPK:CABJF ) before, but Carlsberg is one of the world's largest beer producers. Carlsberg is a Danish company, and in theHi, my name is Sander Pettersen Heio, I am from Norway. My primary focus is on foreign stocks, particularly within the Nordic market, where I analyze companies across various industries, from stable blue-chip firms to emerging market leaders. In addition to Nordic equities, I write about growth stocks i ...

Carlsberg A/S (OTCPK:CABGY) Q3 2024 Earnings Conference Call October 31, 2024 4:30 AM ET Company Participants Jacob Aarup-Andersen - CEO Ulrica Fearn - Group CFO Conference Call Participants Andrea Pistacchi - Bank of America Merrill Lynch Edward Mundy - Jefferies Simon Hales - Citi Trevor Stirling - Bernstein Thomas Lind Petersen - Nordea Gen Cross - BNP Paribas Laurence Whyatt - Barclays Sanjeet Aujla - UBS Chris Pitcher - Redburn Soren Samsoe - SEB Operator Ladies and gentlemen, welcome to the Q3 2024 Tr ...

Financial Data and Key Metrics - Organic revenue growth of 1.3% for Q3 and 3% year-to-date, driven by a 2% increase in revenue per hectoliter and a slight volume decline of 0.2% [6] - Year-to-date volumes grew by 0.8%, despite challenging consumer environments and weather impacts in Europe and Asia [7] - Reported revenue grew by 0.9% to DKK 20.5 billion, despite currency headwinds [8] Business Line Performance - Total premium beer portfolio grew by 3% year-to-date, with double-digit growth in most markets excluding China, France, and the UK [9] - Alcohol-free brews grew by 6%, with strong performance in Western Europe and CEE&I [11] - Beyond Beer category grew by 10%, driven by products like Garage and Wind Flower Snow Moon [11] - Soft drinks volumes grew by 4%, supported by Pepsi and Coca-Cola businesses in various markets [12] Regional Performance - **Western Europe**: Flat organic volume and revenue growth, impacted by challenging conditions in France and the UK [17] - Nordics saw 6% volume growth and 8% revenue growth, driven by premium and alcohol-free brews [19] - France faced a tough year with weak consumer demand and weather impacts [20] - UK performance was impacted by supply chain disruptions, but recovery is underway [21] - **Asia**: Organic revenue declined by 3.3%, with a 5.2% volume decline, particularly in China and Laos [24] - China volumes declined by 6%, outperforming the market decline of 7% [25] - Vietnam saw low single-digit volume growth and market share improvement [26] - Laos faced mid-single-digit volume decline due to weather and inflation [27] - **CEE&I**: Organic revenue grew by 9.8%, driven by 5.2% volume growth and 4% revenue per hectoliter increase [29] - India saw low-teens volume growth, with Carlsberg brand growing over 40% [30] - Ukraine delivered mid-teens volume growth across premium and Beyond Beer categories [31] Strategic Direction and Industry Competition - The Britvic acquisition is progressing, with expected closure in Q1 2025 [5][13] - Expansion of the PepsiCo partnership in Kazakhstan and Kyrgyzstan, with a new bottling facility investment of EUR 100 million [14][15] - Increased marketing investments to support long-term growth priorities [12] Management Commentary on Operating Environment and Future Outlook - Management remains cautious about the Chinese market for the second half of the year, with no significant improvement expected in Q4 [25][69] - The company maintains its full-year earnings guidance, expecting organic operating profit growth between 4% and 6% [32][33] - Management does not see structural changes in the European market, attributing current softness to cyclical factors [40][41] Other Important Information - The company expects a currency impact on operating profit of DKK -300 million, based on spot rates [34] - Marketing investments are expected to increase by high single digits, with a focus on cost management [33] Q&A Session Summary Question: Subdued volume growth in Europe and pricing environment [38] - Management believes the softness in Europe is cyclical, driven by high inflation and macroeconomic uncertainty, not structural [39][40] - Pricing actions will continue to cover cost increases, but the magnitude will be lower than in previous years [44][45] Question: China market performance and outlook [50] - China's price mix was flat year-to-date, with a slight decline of 1% in Q3, driven by mix rather than price [51][52] - Management does not expect significant improvement in Q4, with China contributing only 10% of annual business [68][69] Question: Supply chain disruption in the UK [60] - The UK supply chain issue impacted volumes and market share, but recovery is underway, with recent market share gains [64][116] Question: India performance and future changes [90] - India delivered strong growth, with Carlsberg brand growing over 40%, driven by existing team performance and capacity availability [93][94] Question: Vietnam and Laos performance [99] - Vietnam saw low single-digit growth in a stabilizing market, with market share improvements [101][102] - Laos faced mid-single-digit volume decline due to weather and inflation, but premium soft drinks showed growth [105] Question: Ukraine market dynamics [107] - Ukraine delivered strong performance with mid-teens volume growth, driven by premium and Beyond Beer categories [109] Question: UK budget impact [110] - The UK budget changes, including alcohol duty increases, were expected and have a small negative impact on the business [111]

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CARLSBERG A/S H1 2024 RESULTS 1 Craisers Forward-looking statements This presentation contains forward-looking statements, including statements about the Group's sales, revenues, earnings, spending, margins, cash flow, inventory, products, actions, plans, strategies, objectives and guidance with respect to the Group's future operating results. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and m ...

Carlsberg A/S (OTCPK:CABGY) Q2 2024 Earnings Conference Call August 14, 2024 3:30 AM ET Company Participants Jacob Aarup-Andersen - Group Chief Executive Officer Ulrica Fearn - Chief Financial Officer Peter Kondrup - Vice President, Investor Relations Conference Call Participants Trevor Stirling - Bernstein Sanjeet Aujla - UBS Thomas Lind - Nordea Simon Hales - Citi Laurence Whyatt - Barclays Søren Samsøe - SEB Chris Pitcher - Redburn Atlantic Gen Cross - BNP André Thormann - Danske Bank Operator Good morni ...

Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer's £3.11 billion ($3.9 billion) takeover proposal. Shares of Carlsberg were down by 8.7% at 09:04 a.m. London time, according to LSEG data. This is the company's largest single-day share drop since March 12, 2020, when stock fell 8.77%. Britvic surged by 12.5% on the back of the same news. This breaking news story is being u ...

A downtrend has been apparent in Carlsberg AS (CABGY) lately. While the stock has lost 5.8% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case f ...