COPENHAGEN, Denmark (AP) Danish machine Carlsberg reported a first-quarter net losing 76 million kroner ($13.3 million) as revenue ended up relying on flat development as well as de-stocking throughout Russia.
The loss, noted Wednesday, contrasts with a 173 million kroner profit in the same interval last year.
However, sales revenue from the period of time was up a little at 12.9 thousand kroner ($2.3 billion) from 12.5 thousand kroner per annum earlier.
Carlsberg CEO Joergen Buhl Rasmussen states that the actual result was based on expectations during a "traditionally tiny quarter," while total beer profits declined 4 percent.
Rasmussen said the Copenhagen-based provider will enhance efficiency plus give attention to core brands, such as Tuborg, plus motivate into new growth markets including China.
"We tend to be positioning significant options powering your Euro 2012 sponsorship, that will be a vital driver behind the particular help belonging to the repositioning as well as expansion of the Carlsberg manufacturer in 2012," Rasmussen said, looking at up coming month's European sports tournament.
Carlsberg reaffirmed its outlook, using "low decline" throughout upper and western Europe and the Russian market "reverting in order to modest growth."
In Asia, exactly where cider lists became by means of 26 percentage inside the initial quarter, Carlsberg said it expects continuing growth," however gave no figures.
The organization released this Tuborg brand with China in April included in this "fast raising high quality category" in that , country, as well as in India.
The Carlsberg Group employs a few 41,000 persons across the world having solutions sold in in excess of 150 countries. Last year, them sold 34 million bottles associated with beer.
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Online:
w.carlsberggroup.com.
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