Carlsberg reports half-year results “well ahead” of pre-pandemic levels

Carlsberg has reported a “strong business performance” for the first half of the year, and said that its results were “well ahead” of pre-pandemic levels.

The Danish brewer posted organic revenue growth of 20.7% to DKK 35.45 billion (approx. $4.84 billion) for the first half.

The company saw organic volume growth of 10.2% in Western Europe, and 13.2% in Asia. Meanwhile, the Central & Eastern Europe segment witnessed a moderate increase of 0.3% (+7% excluding Ukraine).

Carlsberg CEO, Cees ’t Hart, said: “We’re very satisfied with the strong set of results for the first half year in light of the severe challenges stemming from the war in Ukraine, rising commodity prices and energy costs, and the pandemic. Despite these challenges, the Carlsberg Group’s half-year results are now well ahead of pre-pandemic levels.”

The company expects high-single-digit percentage organic operating profit growth for the full year.

Cees ’t Hart continued: “Global uncertainty remains high, with the increasing input cost pressure a particular challenge for us in the coming quarters. In this environment, we’ll continue to seek the right balance between mitigating the short-term challenges and investing in the long-term opportunities behind our ‘Sail’27’ priorities to deliver on our ambitions for top- and bottom-line growth. Despite challenging market conditions, we’re staying the course.”