Tag: Carlsberg

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

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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%

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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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Carlsberg unveils new ‘paper’ beer bottle prototypes promoting its sustainable packaging ambitions

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DENMARK – The Danish brewery group, Carlsberg has unveiled two new research prototypes of its green fibre bottle as the company makes further progress on creating the world’s first ‘paper’ beer bottle. Carlsberg is seeking to develop the packaging technology made from sustainably-sourced wood fibres that is both 100% bio-based and fully recyclable to support its sustainable packaging innovation journey, a key part of its sustainability programme dubbed Together Towards ZERO. The two new research prototypes are made from sustainably-sourced wood fibre, are fully recyclable and have an inner barrier…

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Carlsberg plans investment to reduce water usage at Danish brewery by 50%

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DENMARK – Global brewer, Carlsberg has unveiled plans of investing in its brewery in Fredericia, Denmark to reduce water usage at the facility by 50% as well as cut energy consumption by 10%. The investment is expected reduce water usage from 2.9hl of water per hectolitre of beer to 1.4hl of water. According to Carlsberg’s Integrated Supply Chain, the Fredericia brewery will also serve as the test site for the water recycling plant. The investment will also enable the the brewery to recycle upto 90% of all process water, becoming…

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Danish Brewing acquires Carlsberg distributor in Kenya King Beverage

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KENYA – Danish Brewing East Africa Limited, a subsidiary of Bounty Global Management firm, has acquired Carlsberg and Tuborg beers distributor in Kenya, King Beverage Limited from Centum Investment. Established in 2014, King Beverage enjoys exclusive rights to import and distribute such brands as Carlsberg and Tuborg beers, Teacher whisky and Jim Beam whiskeys in the country. Centum Investment sold King Beverage, in which it held 100 per cent of the issued shares, for US$1.3 million (Sh130 million) against the US$5 million (Sh500 million) it had invested in the company.…

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Carlsberg reports strong first half boosted by Asia, premium beers sales

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DENMARK – Global brewing company, Carlsberg has reported strong first-half results, with solid profit improvement of 17.7% boosted by premium beer and sales in the Asian market. The Tuborg and Holsten owner reported a 6.5% rise in half-year sales to US$4.9 billion (DKK32.99 billion) while profits during the six months period climbed to US$768 million (DKK5.17 billion). In Asia, net revenue growth was 14.5%, driven by 8.5% volume growth and increased sales of premium brands. Operating profit growth was particularly strong at 35.5%. The Danish brewer’s craft and speciality portfolio…

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Carlsberg to open a new microbrewery at Grimbergen Abbey in Belgium

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BELGIUM – Carlsberg has unveiled plans to reopen a new microbrewery at Grimbergen Abbey in Belgium after it was shuttered in 1798 after a fire outbreak during the French Revolution. The microbrewery, which will be inside the abbey and will feature an on-site bar and restaurant, will open to the public in late 2020 and is projected to produce about 10,000 hectoliters. The monks would brew the original beer Grimbergen which Carlsberg has a licensing deal to produce for the international market. They are combining ancient traditions detailed in books,…

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Carlsberg acquires minority stake in Chinese craft brewery Jing-A

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CHINA – The Danish brewery group, Carlsberg has acquired a minority stake in Beijing based micro-brewery Jing-A Brewing Co for an undisclosed amount. According to a report by Inside Beer, Jing-A will remain in control of producing its craft and specialty beers and developing its brand, while Carlsberg will distribute its beers. Founded in 2012 by Alex Acker and Kristian Li, Jing-A produces a wide range of craft beers for the Chinese market, including Flying Fist IPA, Tuhao Gold Pils, and Koji Red Ale. It operates a bar and a…

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Carlsberg acquires 28.5% stake in Portuguese Super Bock Group

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EUROPE – The global brewing company, Carlsberg Group has acquired 28.5% stake in Viacer, the major controlling shareholder of the Portugal brewing company, Super Bock Group. Viacer holds 56% of the shares in the company while Carlsberg will hold the remaining 44% shares in Super Bock Group. Following the transaction, the Carlsberg group direct and indirect ownership in Super Bock Group has risen to 60%. “Viacer continues to be controlled by our partner and consequently, Super Bock Group will remain an associated company in the Group accounts,” said the company.…

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Carlsberg delivers 7.4% growth in net revenue driven by higher volumes

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DENMARK – The global brewer, Carlsberg Group has confirmed strong performance in the third quarter, with 7.4% rise in net revenue to US$2.68 billion driven by total organic volume growth and price/mix. According to the company, total volumes grew by 8.6%, impacted by the increased ownership in Cambrew, which was consolidated from 1 August. International core beer brands delivered strong growth, with Tuborg recording 11% growth in volumes attributed to strong growth in China, India and licence volumes in Turkey. Carlsberg brand grew by 9%, reflecting positive growth momentum in…

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