Carlsberg Q3 Revenue Declines; But Lifts FY17 Profit Outlook – Quick Facts

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(RTTNews.com) – Danish brewer Carlsberg A/S (CABGY.PK) reported Thursday that its web income for the third quarter declined 5 % from final yr.

The firm’s web income for the third quarter decreased to 16.68 billion Danish Kroner from 17.53 billion kroner a yr in the past.

The decline in income was because of the detrimental impression of minus three % from divestments and a detrimental forex impression of minus 1 %.

In reported phrases, whole volumes for the quarter declined by 6 %, impacted by disposals of Carlsberg Malawi and Chinese breweries in 2016, and of Nordic Getränke in 2017.

Total drinks volumes within the quarter have been 37.5 million hectolitres, in comparison with 40.zero million hectolitres within the year-ago interval.

For fiscal 2017, Carlsberg now tasks working revenue development of seven % to eight %, in comparison with the earlier outlook for mid-single-digit share development.
The firm continues to anticipate monetary leverage discount.

The firm now tasks full-year optimistic translation impression of round 75 million Danish Kroner, up from the earlier forecast of round 50 million Kroner for the yr.

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