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Tag "Carlsberg Group"

Carlsberg Extends Ownership of Baltika Breweries

    Carlsberg Extends Ownership of Baltika Breweries

Carlsberg Group has acquired a 12.1% stake in Baltika Breweries for an undisclosed sum to increase its ownership of the Russian brewer to 96.8%. When the necessary administrative steps have been completed Carlsberg Group intends to launch a compulsory purchase of the remaining outstanding shares in Baltika Breweries.
Russiais the world’s fourth largest beer market and […]

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Carlsberg Shows Resilience

    Carlsberg Shows Resilience

Helped by market share gains in all regions, Carlsberg has reported a 47% rise in net profit to DKr3.28 billion in the first half of 2012 on organic net revenue up by 1% to DKr32.46 billion (Eur4.35 billion). However, operating profit at DKr4.05 billion was down from the DKr4.70 billion in the first half of […]

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MICEX Approves Delisting of Baltika Breweries

    MICEX Approves Delisting of Baltika Breweries

Baltika Breweries has been informed by MICEX that its application for a delisting of its shares has been approved. The last day of trading in Baltika Breweries shares on the MICEX Stock Exchange will be 4 October 2012. After that date trading in the Baltika Breweries shares will no longer be possible on a stock […]

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Destocking in Russia Impacts on Carlsberg’s Profits

    Destocking in Russia Impacts on Carlsberg’s Profits

Carlsberg Group has reported a 2.8% rise in revenue to DKr12.9 billon (Eur1.7 billion) but operating profit declined by 43% to DKr574 million for its first quarter as volumes falls in Russia, due to destocking, offset solid growth in Northern & Western Europe and in Asia.
Northern & Western Europe and Asia achieved operating profit growth in spite […]

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Tuborg Launched in China For the First Time

    Tuborg Launched in China For the First Time

Following on from last year’s global repositioning of its Carlsberg flagship brand, Carlsberg Group is now in the process of rolling out a rejuvenation programme for Tuborg, one of the top ten international premium beer brands, across many of its key markets. The Danish brewer has just launched Tuborg in China.
The redesigned Tuborg bottle comes with […]

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Carlsberg Sells Brewery Site for €335 Million

    Carlsberg Sells Brewery Site for €335 Million

Carlsberg Group has sold its former brewery site in central Copenhagen for about DKr2.5 billion (Eur335 million) to a consortium of Danish investors. The proceeds will be used to reduce the Danish brewer’s debt.
The deal includes a site area of 250,000 sq m, attractively situated on the border of Copenhagen city centre. The site’s history, […]

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Carlsberg to Delist Baltika

    Carlsberg to Delist Baltika

Baltika Breweries has filed an application to have its shares delisted from the Russian stock exchange as soon as possible. The delisting reflects Carlsberg Group’s aim to increase its ownership in the Russian brewer from around 85% to 100%. The move is costing up to DKr6.5 billion with a net cost for the Carlsberg Group […]

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Carlsberg is Global Leader in Environmental Management

    Carlsberg is Global Leader in Environmental Management

2011 was a defining year for the Carlsberg Group in terms of driving, accelerating and embedding its eight CSR areas across its operations around the world. This was recognised by the fact that Carlsberg was included in the top five of the 2011 Newsweek Green ranking for its respective category, scoring highest among global brewers […]

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Carlsberg Strengthens Supervisory Board

    Carlsberg Strengthens Supervisory Board

At its Annual General Meeting on 22 March 2012, the Supervisory Board of Carlsberg will recommend that the AGM appoints Donna Cordner, Elisabeth Fleuriot and Soren-Peter Fuchs Olesen to the board. The appointments are in line with the board’s decision to diversify and strengthen its composition in terms of experience, style, culture, international experience and […]

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Carlsberg to Acquire Full Control of Baltika

    Carlsberg to Acquire Full Control of Baltika

Carlsberg Group intends acquiring the remaining 15% stake in its Russian subsidiary, Baltika Breweries, for up to DKr6.5 billion (Eur870 million). The move will involve a delisting of Baltika.
The net cost to Carlsberg for increasing its ownership from around 85% to 100% in 2012 and beyond will be a maximum of DKr4.4 billion due to […]

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Russia Weakens Carlsberg’s 2011 Performance

    Russia Weakens Carlsberg’s 2011 Performance

Carlsberg Group’s 2011 financial performance has been adversely impacted by a decline in the Russian beer market. Group operating profit at DKr9.82 billion (Eur1.32 billion) declined organically by 4%, as solid growth in Asia and Northern & Western Europe was not enough to offset the Eastern European decline, and group operating margin declined to 15.4% […]

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Carlsberg on Track to Meet Full-Year Targets

    Carlsberg on Track to Meet Full-Year Targets

Carlsberg Group has started 2011 well and is firmly on track to meet its full-year financial targets. In the traditionally small first quarter of the year, beer volumes grew by 11% to 23.3m hl, net revenue growth was 14% to DKr12.5b (Eur1.7b) and operating profit rose by 38% to DKr1b. However, the comparison is distorted […]

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Carlsberg Increases Stake in Belarus Brewery

    Carlsberg Increases Stake in Belarus Brewery

Baltic Beverages Holding, Carlsberg Group’s brewing business in Russia, Ukraine and the Baltic countries, has, through a series of transactions, increased its ownership in Belarus-based OJSC Olivaria Brewery to 67.8%. Earlier in the summer of 2010, BBH increased its holdings in Olivaria from 30% to 47%.
Olivaria is now a full member of the Carlsberg Group […]

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Carlsberg Consolidates in China

    Carlsberg Consolidates in China

Carlsberg Group has strengthened its standing in the Chinese beer market by increasing its shareholding in Chongqing Brewery from 17.5% to 29.7%, thereby becoming the largest shareholder. Since 2008, Carlsberg has developed a constructive relationship with both Chongqing Brewery and its main shareholder, Chongqing Beer Group. Following the completion of the transaction, the parties will […]

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Carlsberg Sells German Brewery

    Carlsberg Sells German Brewery

The Carlsberg Group has sold its Feldschlosschen brewery in Dresden, Germany, to Frankfurter Brauhaus. The disposal is part of Carlsberg Deutschland’s strategy of focusing on five core brands in Northern Germany – Carlsberg, Holsten, Lubzer, Duckstein and Astra.
Frankfurter Brauhaus has taken over the responsibility for the 172 employees at the Feldschlosschen brewery and within logistics […]

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Strong performance for the Carlsberg Group and full-year earnings upgrade

    Strong performance for the Carlsberg Group and full-year earnings upgrade

The Carlsberg Group achieved 12% operating profit growth to DKK 5.0bn for the first six months of 2010 and driven by increased sales and marketing investments the Group gained market share in a large part of the business. The focus on improving profitability continues and Group operating profit margin improved strongly by 210bp to 17.2%.
Beer […]

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