Trouble down south
There seems to be a consensus that there is little opportunity for Carlsberg to be acquired or to participate in the consolidation of the global beer market. Which may be fine by Carlsberg. Because some of the figures released for 2002 were below expectations.
Carlsberg Group reported that in the financial year 2002 its net revenue rose by 3 percent to DKK 35.5 billion. Operating profit (EBITA) was 15 percent higher and amounted to DKK 3.8 billion. Profit before amortisation and write-down of goodwill totalled DKK 2.1 billion. It was announced that adjusted for one-off items, profit was DKK 2.1 billion - an increase of 8 percent. The brewer’s share of the profit was reported as DKK 1.01 billion. Adjusted for one-off items, the share of profit amounted to DKK 1.0 billion (+10%)..
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