Financial Statement as at 30 June 2019

Strong H1 performance; full-year earnings outlook increased   Unless otherwise stated, comments in this announcement refer to H1 performance.HighlightsOrganic net revenue growth of 4.2% (Q2: +2.6%); reported net revenue growth of 6.5% to DKK 32,990m (Q2: +4.6%).Price/mix improvement of +3% (Q2: +3%); positive in all three regions.Total organic volume growth of 1.4% (Q2: -0.1%).Tuborg volume growth +4%, Carlsberg -3%, Grimbergen +4% and 1664 Blanc +29%.Craft & speciality...

København V, 15/08/2019 (informazione.news - comunicati stampa - cibi e bevande)

Unless otherwise stated, comments in this announcement refer to H1 performance.

Highlights

2019 Earnings expectations

CEO Cees 't Hart says: “We delivered a strong set of results for the first six months of 2019, with healthy top-line development, strong margin improvement and continued solid cash flow. We're pleased that last week we were able to adjust our earnings outlook upwards due to the performance in the first half and a solid start to Q3, and despite tough comparables. The earnings upgrade is yet another proof point that the execution of our SAIL'22 priorities is driving sustainable, long-term value creation for the Group.”

Contacts

Investor Relations:        
Peter Kondrup    +45 2219 1221    
Iben Steiness     +45 3327 1232

Media Relations:           
Kasper Elbjørn   +45 4179 1216      
Anders Bering    +45 4179 1217

Carlsberg will present the results at a conference call today at 9.00 a.m. CET (8.00 a.m. GMT). Dial-in information and a slide deck are available beforehand on www.carlsberggroup.com.

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