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February 11, 2016 5:44 PM ET

Beverages

Company Overview of Carlsberg Breweries A/S

Company Overview

Carlsberg Breweries A/S, together with its subsidiaries, produces and sells beer and other beverage products in Denmark, the Russian Federation, and internationally. The company offers its products primarily under the Carlsberg, Tuborg, Kronenbourg 1664, Grimbergen, and Somersby brand names. Carlsberg Breweries A/S also exports and licenses its products in various countries. The company was founded in 1847 and is based in Copenhagen, Denmark. Carlsberg Breweries A/S is a subsidiary of Carlsberg A/S.

100 Ny Carlsberg Vej

Copenhagen V

Copenhagen,  1799

Denmark

Founded in 1847

Phone:

45 33 27 33 00

Fax:

45 33 27 48 08

Key Executives for Carlsberg Breweries A/S

Chief Executive Officer, President and Member of Executive Board
Age: 60
Deputy Chairman of Supervisory Board, Managing Director, Chairman of Audit Committee, Member of Remuneration Committee and Member of Nomination Committee
Age: 71
Vice President of Group Finance and Member of Executive Board
Head of IT
Age: 41
Vice President of Eastern Europe Operations
Age: 53
Compensation as of Fiscal Year 2015.

Carlsberg Breweries A/S Key Developments

Carlsberg Breweries A/S to Report Fiscal Year 2015 Results on Feb 10, 2016

Carlsberg Breweries A/S announced that they will report fiscal year 2015 results on Feb 10, 2016

Carlsberg Breweries Group Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year 2015

Carlsberg Breweries Group announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, net revenue of DKK 18,296 million against DKK 18,120 million a year ago. Operating profit before special items DKK 3,465 million against DKK 3,390 million a year ago. Loss before tax was DKK 4,620 million against profit before tax of DKK 2,997 million a year ago. Net loss attributable to shareholders of the company was DKK 4,499 million or DKK 29.4 per diluted share against net profit attributable to shareholders of DKK 2,103 or DKK 13.7 per diluted share million a year ago. Cash flow from operating activities was DKK 4,213 million against DKK 3,114 million a year ago. Acquisition of property, plant and equipment and intangible was DKK 928 million against DKK 1,222 million a year ago. Earnings per share, adjusted were DKK 14.5 against DKK 14.3 a year ago. Cash flow from operating activities per share was DKK 27.6 against DKK 20.4 a year ago. Adjusted net profit was up 2% to DKK 2,220 million. For the nine months, net revenue was DKK 50,698 million against DKK 50,178 million a year ago. Operating profit before special items DKK 7,048 million against DKK 7,444 million a year ago. Loss before tax was DKK 2,090 million against profit before tax of DKK 6,213 million a year ago. Net loss attributable to shareholders of the company was DKK 3,004 million or DKK 19.7 per diluted share against net profit attributable to shareholders of DKK 4,246 or DKK 27.8 per diluted share million a year ago. Cash flow from operating activities was DKK 8,057 million against DKK 5,986 million a year ago. Acquisition of property, plant and equipment and intangible was DKK 2,918 million against DKK 3,585 million a year ago. Net interest-bearing debt as on September 30, 2015 was DKK 32,757 million against DKK 34,284 million as on September 30, 2014. Earnings per share, adjusted were DKK 25.9 against DKK 29.0 a year ago. Cash flow from operating activities per share was DKK 52.8 against DKK 39.2 a year ago. Adjusted net profit was DKK 3,954 million. For the full year, the company underlying tax rate is expected to increase to approximately 28%. Capital expenditures will be approximately DKK 4 billion in the year 2015. Based on the solid third quarter performance and fourth quarter which, as previously expected, will show year-on- year profit decline, the underlying full-year performance of the Group is anticipated to be in line with the expectations.

Carlsberg Breweries A/S Announces Board Changes

Carlsberg Breweries A/S announced that Mette Kronborg joins the company with immediate effect and replaces Jakob L. Karsvang who is now employed in Carlsberg Danmark A/S.

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