Carlsberg’s 2020 revenues plunge as Covid-19 takes toll on major revenue streams

DENMARK – Danish multinational brewer, Carlsberg has posted an 8.4% decline in organic revenue in its 2020 results, following significant impact to its on-trade channel amid a “challenging year”. The company posted revenues of DKK 58.54 billion (US$$9.42 billion) in 2020 and further reported a 3.1% decline in organic operating profit to DKK 9.7 billion ($1.56 billion). Despite of the decline in revenues, Carlsberg says it delivered a “solid set of results despite Covid-19” and that the group’s financial situation remains strong. Beer sales plummet Accounting for around 25% of…

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Carlsberg appoints Joris Huijsmans as new as Chief Human Resources Officer

DENMARK – Dutch national, Joris Huijsmans has been appointed as the new Senior Vice President and Chief Human Resources Officer of Copenhagen based alcoholic beverages giant, Carlsberg. In his new role, Joris will lead the brewer’s global HR Leadership Team and serve as HR business partner to the executive committee. The Dutch national with a masters in in Civil Law from Leiden University in The Netherlands will start his new role in 1 January 2021, according to a statement from Carlsberg. Carlsberg in a statement said, Joris joined Carlsberg in…

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Carlsberg, Marston complete merger, name Paul Devies as CEO

UK – British brewing company Carlsberg UK and Marston’s have completed the process of merging their business operations to form Carlsberg Marston’s Brewing Company. Following the merger, Carlsberg Marston announced the appointment of Paul Davies, a Calsberg executive as the new CEO of the Joint Venture. The £780 million merger was initially announced in May, and was approved by the UK’s Competition and Markets Authority last month. Davies joins the new joint venture following a stint as managing director at Carlsberg Poland, a role he has held since 2019. Davies…

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Carlsberg set to acquire Germany’s most modern brewery Wernesgrüner Brewery

GERMANY – The Carlsberg Group has entered into an agreement with Bitburger Braugruppe to acquire the Wernesgrüner Brewery, one of the most modern and successful breweries in Germany, for an undisclosed sum. The traditional German Wernesgrüner beer brand in the Vogtland region of Saxony, Germany is also included in the deal and is expected to strengthen Carlsberg’s market position in its ‘core regions’ of northern and eastern Germany. “The acquisition of the Wernesgrüner Brewery will strengthen our position in our core regions of northern and eastern Germany. We will be…

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Carlsberg, Marston’s brewing US$1B merger given a go ahead by CMA

UK – The Competition and Markets Authority (CMA) has approved the £780 million (US$1.01 billion) joint venture deal between the UK division of Carlsberg and Wolverhampton brewing giant Marston’s. It judged that the deal would not adversely affect competition in the beer and cider industry, particularly among independent brewers and wholesalers. The agreement between the two companies would create the new Carlsberg Marston’s Brewing Company (CMBC), with Carlsberg UK owning 60 per cent and being able to sell their drinks in Marston’s 1,400 pubs and bars. This means pints of…

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UK competition watch-dog launches inquiry into proposed Carlsberg UK, Marston JV

UK – The Competition and Markets Authority (CMA) of UK has launched a formal inquiry into the merger of Marston’s brewing business with Carlsberg UK. The companies agreed in May to merge Marston’s brewing arm with Carlsberg’s UK division and create new a joint venture, in a deal worth £780m (US$1.02bn). However, it was subsequently reported last month that the merger would be delayed, pending a review by the CMA. Marston’s had expected the deal to be complete in the third quarter of this year, but this has now been pushed back…

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Kraft Heinz, Carlsberg mobilize US$25.8m to support COVID-19 impacted communities

Coronavirus

GLOBAL – Kraft Heinz, the multinational food company co-headquartered in Chicago and Pittsburgh and Danish brewing giant, Carlsberg have joined the global efforts geared towards addressing the very real implications of the Coronavirus (COVID-19) outbreak. The companies have separately committed to mobilizing a total of US$25.8 million to support communities impacted by COVID-19 outbreak in various economies across the world. Carlsberg, through the Carlsberg Foundation, the New Carlsberg Foundation and the Tuborg Foundation is planning to donate DKK95 million (US$13.8m) to help mitigate the challenges associated with the global COVID-19…

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‘Together Towards Zero’: Carlsberg cuts carbon emissions by 30%

DENMARK – As the Carlsberg Group works towards eliminating carbon emissions at its breweries by 2030, the group says that it has achieved a 30% reduction in relative carbon emissions at its breweries since 2015. Carlsberg launched its Together Towards ZERO programme in 2017 outlining the brewer’s sustainability targets and emphasising the importance of collaboration with local partners and global experts across the value chain. The Group has now revealed that by 2019, it had achieved a 30% reduction in relative carbon emissions at its breweries for the past four…

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Danish brewer Carlsberg grows annual revenue grows 5.4% to US$9.75bn

DENMARK – Carlsberg Group reported 5.4% growth in revenue to DKK 65.902 billion (US$9.75 billion) for the full year ended 31 December, 2019. Carlsberg’s annual organic operating profit went up of 10.5% while net profit for the period increased 23.7% to DKK 6,569m (US$971m). The company’s adjusted earnings per share grew 16.5% to DKK 41. During the period, the Danish brewer saw its total organic volume grow by 0.1% led by double digit growth in the 1664 Blanc brand (29%), 16% rise in craft & speciality volume and 14% growth…

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Carlsberg to acquire Cambrew as craft & speciality beers push third quarter revenues up by 5.3%

DENMARK – Carlsberg has signed an agreement to acquire the remaining 25% of Cambodian brewer, Cambrew one of the largest breweries in the country for an undisclosed sum. The Danish brewer unveiled the deal during its quarter three trading statement. Carlsberg posted 5.3% increase in third-quarter net revenue to DKK 18.5bn (US$2.76 billion) boosted by a 12% growth in volumes of its craft and speciality beers. The growth was also attributed to strong sales in Asia and Western Europe which helped offset a 4% decline in total sales volumes. In…

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