2/21/2006 13:15 

Satisfactory earnings growth for beverage activities – brewery in Valby to close by end of 2008

  • Net revenue climbed 5% to DKK 38.0bn in 2005, driven by strong growth in Eastern Europe, particularly at BBH. In local currencies, net revenue climbed 4%.

  • Operating profit was DKK 3,518m, against DKK 3,401m in 2004. Beverage activities generated operating profit of DKK 3,422m, an increase of DKK 452m or 15% on 2004. This growth was due particularly to marked growth in earnings at BBH and elsewhere in Eastern Europe. Other activities, including the disposal of properties, contributed operating profit of DKK 96m, against DKK 431m in 2004.

  • As expected, Carlsberg's share of consolidated profit was DKK 1,110m.

  • Carlsberg is investing DKK 800m in expanding and modernising the brewery in Fredericia, where Danish beer production will be concentrated from 2009. The transfer of production from Valby is expected to bring annual efficiency gains in the region of DKK 130m.

  • It will be proposed to the Annual General Meeting that, as last year, a dividend be paid of DKK 5.00 per share. 

  • In 2006 operating profit is expected to be in the region of DKK 3.55bn, based on continued growth on a comparable basis for beverage activities (2005 excluding Hite Brewery: DKK 3,306m). Other activities are expected to break even.  

  • Carlsberg's share of consolidated profit is expected to grow by around 10% in 2006.

Contact

Investors:
Mikael Bo Larsen, +45 33 27 1223

Media:
Jens Peter Skaarup, +45 3327 1417