Currency Fluctuations Hit Brewer Carlsberg In Q1
Danish brewer Carlsberg has posted a reported revenue decline of 5% in the first quarter of its financial year, due to a negative currency impact (-5%) and disposals (-2%).
Net revenue of DKK 12.7 billion was up 2% on an organic basis.
The brewer said that its Carlsberg volumes were flat for the period, with Tuborg up 11%, Grimbergen up 12%, and 1664 Blanc seeing a 44% volume increase.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!