carlsberg as-b-spon adr (CABGY) Key Developments
Carlsberg Puts Tetley Brewery Site Up For Sale
Jun 17 15
Carlsberg A/S (CPSE:CARL B) is planning to sell former Tetley Brewery site in Leeds at £35 million, The Yorkshire Post reported. Leeds City Council, Asda, Ikea, St Modwen Properties PLC (LSE:SMP), Town Centre Securities plc (LSE:TCSC), Caddick and M&G are reported as potential buyers who have until July 21 to submit bids. "We hope to be able to announce the successful purchaser prior to the end of 2015." a spokesman for Carlsberg UK said.
Carlsberg Announces Management Changes, Effective June 15, 2015
Jun 1 15
Carlsberg has selected Cees't Hart as its new president and CEO, in a bid to boost profits, which plummeted due to drooping sales in the key Russian and eastern European markets. Cees, who is currently acting as the CEO of Royal FrieslandCampina, will replace Carlsberg current CEO Jørgen Buhl Rasmussen. Cees will assume the new role from June 15, 2015.
Carlsberg Cuts 180 Jobs in Home Market
May 22 15
Carlsberg has cut 180 office jobs at its headquarters in Denmark and regional offices to cut costs as it looks to offset losses from the shrinking sales in key Eastern European markets. About 75 positions were eliminated in Denmark, while a further 105 redundancies will be witnessed worldwide.
Carlsberg A/S Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015
May 12 15
Carlsberg A/S announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenue of DKK 13,471 million against DKK 12,896 million a year ago. Operating profit before special items was DKK 661 million against DKK 453 million a year ago. Profit before tax was DKK 97 million against DKK 78 million a year ago. Loss attributable to shareholders of the company was DKK 90 million against DKK 67 million a year ago. Loss per diluted share was DKK 0.6 against DKK 0.4 a year ago. Cash flow from operating activities was DKK 548 against DKK 1,196 million a year ago. Acquisition of property, plant and equipment and intangible assets was DKK 1,070 million against DKK 953 million a year ago. Negative free cash flow was DKK 1,420 million against DKK 2,096 million a year ago. Net financial debt was DKK 41,849 million against DKK 40,145 million a year ago. Net interest-bearing debt was DKK 39,979 million against DKK 38,548 million a year ago. Negative cash flow from operating activities per share was DKK 3.6 against DKK 7.8 a year ago. Net revenue grew 4% organically, driven by a positive price/mix of 3%. Reported net revenue grew 4%, as the net impact of currency and acquisition was insignificant. Reported operating profit grew 46% impacted by a positive currency impact of DKK 213 million.
The key assumptions and the outlook are unchanged compared to 2014 results announcement on 18 February 2015. For 2015, the group consequently expects operating profit to grow organically by mid- to high-single-digit percentages.
Carlsberg Opens Brewery in Myanmar
May 8 15
Carlsberg opened its first beer production plant in Myanmar. The $75 million factory in Bago, 80 kilometres north-east of commercial capital Yangon.