Carlsberg A/S (OTCPK:CABGY) Q4 2023 Results Conference Call February 7, 2024 3:30 AM ET Company Participants Jacob Aarup-Andersen - CEO Ulrica Fearn - CFO Conference Call Participants Andrea Pistacchi - Bank of America Edward Mundy - Jefferies Gen Cross - BNP Paribas Olivier Nicolai - Goldman Sachs Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Richard Withagen - Kepler Cheuvreux Sanjeet Aujla - UBS Simon Hales - Citi Søren Samsøe - SEB Trevor Stirling - Bernstein Jacob Aarup-Andersen Thank you ve ...

Beer sales of Carlsberg brands were forced to rely on price hikes during 2023 and may continue with this strategy in the new financial year, the Danish brewer revealed on Wednesday. Revenues 4.7% to reach more than DKK 73.5 billion (£1 = DKK 8.75) despite organic volumes falling by 0.5% across all operations. Volumes in Central and Eastern Europe dropped by 4%, while Western Europe experienced a 2.3% drop. Brooklyn Brewery was one of Carlberg’s standout brands, seeing a 34% jump in organic volumes, while al ...

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Carlsberg AS (CABGY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Carlsberg AS is one of 193 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks ...

Diageo PLC (LSE:DGE), the spirits company, has been downgraded from a ‘buy’ to ‘neutral’ by analysts at the Bank of America. The US bank expects the beverage sector to face a tough 2024 due to suppressed consumer spend on both sides of the Atlantic, foreign exchange headwinds and the risk of tariffs on Cognac in China. “We downgrade to Neutral because we expect the US, which is key to sentiment and to valuation, to remain lackluster and disappoint, holding back rerating,” the bank explained. Industry growth ...

Carlsberg A/S (OTCPK:CABGY) Q3 2023 Earnings Conference Call October 31, 2023 4:30 PM ET Company Participants Jacob Aarup-Andersen - Chief Executive Officer Ulrica Fearn - Chief Financial Officer Conference Call Participants Andrea Pistacchi - Bank of America Merrill Lynch Simon Hales - Citigroup Inc. Edward Mundy - Jefferies Trevor Stirling - Bernstein Søren Samsøe - SEB Olivier Nicolai - Goldman Sachs Mitch Collett - Deutsche Bank Laurence Whyatt - Barclays Chris Pitcher - Redburn Atlantic André Thormann ...

artshera 1 Q3 2023 TRADING STATEMENT p 7 p by Disclaimer 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 ach ...

Financial Data and Key Metrics Changes - Revenue growth was strong at 11%, driven by a 10% improvement in revenue per hectoliter, attributed to premium brand growth and price increases across all markets [4][26] - Organic operating profit growth was 5%, with adjusted earnings per share for the continuing business increasing by 0.2% despite adverse foreign exchange movements [4][26] - Free operating cash flow was DKK 4.3 billion, down from DKK 7 billion in 2022, primarily due to adverse foreign exchange movements [31][32] Business Line Data and Key Metrics Changes - Premium portfolio grew by 3%, with a 5% increase in both Asia and Central and Eastern Europe, while Western Europe saw a 2% decline due to down-trading [7][11] - Non-beer volumes grew by 2%, driven by strong performance in soft drinks, with revenue per hectoliter increasing by 12% [13] - Operating profit in Central and Eastern Europe grew organically by 8%, supported by strong revenue per hectoliter growth of 19% [24] Market Data and Key Metrics Changes - In Asia, volumes grew by 4.8%, with organic revenue growth of 12% and operating profit increasing organically by 8% [19] - Western Europe faced challenges with low single-digit volume growth, impacted by high inflation and bad weather [14][18] - The Polish beer market declined by 7%, with consumers affected by lower disposable income, leading to significant down-trading [17] Company Strategy and Development Direction - The company is executing its SAIL'27 strategy, focusing on premium brand growth and long-term value creation [6][47] - Investments are being made in key brands and capabilities to drive sustainable growth, despite short-term challenges [38][39] - The company aims to increase its market share in China from 8% to 10% over the next few years, supported by a balanced portfolio [54][56] Management's Comments on Operating Environment and Future Outlook - Management upgraded the earnings outlook for organic operating profit growth for the year to 4% to 7%, citing better-than-expected performance [37][70] - High inflation in Europe and the ongoing war in Ukraine remain uncertainties that could impact consumer sentiment and volumes [39][70] - The company is optimistic about growth in China, despite macroeconomic challenges, and expects to continue premiumizing its portfolio [54][56] Other Important Information - The company signed a sales agreement for its Russian business, but a presidential decree has temporarily placed it under state management [5][41] - The fair value of net assets in Russia was DKK 5.7 billion as of June 30, with a write-down of DKK 1.2 billion due to reassessment [41][44] - The company has initiated a second quarterly share buyback program of DKK 1 billion due to solid performance and a healthy balance sheet [3][5] Q&A Session Summary Question: Outlook for China and consumer weakness - Management expressed optimism for China, noting a growing market share and strong performance in premium segments despite macroeconomic changes [53][54] - In Europe, while there are signs of consumer pressure, the company is outperforming in premium segments and gaining market share [57][58] Question: Input costs outlook for 2024 and cash flow - Input costs for 2024 remain uncertain, with 50% of commodities not yet hedged, but some costs like aluminum and barley are showing signs of decline [62][65] - 2022's cash flow was likely boosted by one-offs, suggesting that 2023 represents a more normalized cash flow environment [65] Question: Guidance for the second half and WuSu brand performance - Management reiterated guidance for mid- to high single-digit organic sales growth in China, with expectations for WuSu brand growth in the second half [79][75] Question: Premiumization in Europe - The company remains committed to premiumization strategies in Europe, despite challenges in specific markets like Poland due to high inflation [86]

Carlsberg A/S (OTCPK:CABGY) Q4 2022 Earnings Conference Call February 7, 2023 3:30 AM ET Company Participants Cees 't Hart - CEO Ulrica Fearn - CFO Conference Call Participants Andrea Pistacchi - Bank of America Merrill Lynch Olivier Nicolai - Goldman Sachs Trevor Stirling - Bernstein Simon Hales - Citi Sanjeet Aujla - Credit Suisse Laurence Whyatt - Barclays Soren Samsoe - SEB Mitch Collett - Deutsche Bank Andre Thormann - Danske Bank Richard Withagen - Kepler Chevreux Thomas Petersen - Nordea Operator Wel ...

| --- | --- | --- | --- | |---------------------|-------|-------|-------| | | | | | | FINANCIAL STATEMENT | | | | 1 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, for ...

Carlsberg A/S (OTCPK:CABGY) Q2 2022 Earnings Conference Call August 17, 2022 3:30 AM ET Company Participants Cees 't Hart - Chief Executive Officer Heine Dalsgaard - Chief Financial Officer Peter Kondrup - Vice President, Investor Relations Conference Call Participants Andrea Pistacchi - Bank of America Laurence Whyatt - Barclays Trevor Stirling - Bernstein Nik Oliver - UBS Mitch Collett - Deutsche Bank Simon Hales - Citi André Thormann - Danske Bank Sanjeet Aujla - Credit Suisse Operator Ladies and gentlem ...