Border crossing
Because of the large differences in beer taxation between Denmark and Germany, as much as 20 % of Danish beer consumption is believed to be purchased south of the border and the trend is continuing.
As a result, Carlsberg deems it possible that beer consumption in Denmark may decline further. Nevertheless, for the twelve months ending 30 September 2000, the Carlsberg Group reported a net turnover of DKK 27,878 million, up 17 %, and an operating profit of DKK 2,355 million, up 41 % on the previous year. Including special items, profit before financials was DKK 2,793 million. Special items totalled DKK 438 million and included the sale
of shares in Grupo Cruzcampo, sale of shares in Tivoli, sale of properties and a write-down of brewery in China..
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