A strong set of results; further increase in dividend and share buy-back

FINANCIAL STATEMENT AS AT 31 DECEMBER 2019 Highlights  Organic revenue growth of 3.2%; reported revenue growth of 5.4% to DKK 65,902m. Price/mix improvement of +3%; positive in all three regions. Total organic volume growth of 0.1%. Tuborg volume growth +2%, Carlsberg -3%, Grimbergen +3%, 1664 Blanc +29%, Somersby +14%. Craft & speciality volume growth +16%, alcohol-free brew volume growth +7%.Organic operating profit growth of 10.5%; reported growth of 12.2% to DKK...

København V, 04/02/2020 (informazione.news - comunicati stampa - cibi e bevande)

Highlights

2020 Earnings expectations

CEO Cees 't Hart says: “We're pleased with our results in 2019. We saw healthy top-line growth, strong margin improvement and strong cash flow. In recent years, we've strengthened our business considerably, and we'll continue to execute on our SAIL'22 priorities and further reinforce our Funding the Journey culture to support long-term growth and value creation for shareholders.

“The 2019 results allow us to once again make a significant cash return to our shareholders, as shown by the Supervisory Board's decision to recommend a dividend increase of 17% to DKK 21 and to initiate a DKK 5.0bn share buy-back programme.”

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.

Full announcement attached.

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

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