Quarterly Financial Statement as at 30 September 2001 ... - Euroland
Quarterly Financial Statement as at 30 September 2001 ... - Euroland
Quarterly Financial Statement as at 30 September 2001 ... - Euroland
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Regions<br />
Below ple<strong>as</strong>e find the three regions of Carlsberg Breweries A/S shown with reference<br />
to pro forma compar<strong>at</strong>ive figures including Orkla’s beverage activities for the<br />
year 2000.<br />
Western Europe:<br />
DKK million<br />
2000 (*)<br />
9 months<br />
<strong>Quarterly</strong> <strong>Financial</strong> <strong>St<strong>at</strong>ement</strong><br />
1.11.<strong>2001</strong><br />
<strong>2001</strong><br />
9 months Δ %<br />
Carlsberg A/S Q3 Report <strong>2001</strong><br />
Page 5 of 9<br />
2000 (*)<br />
Q3<br />
<strong>2001</strong><br />
Q3 Δ %<br />
Net turnover 16,395 19,334 +17.9 5,752 6,997 +21.6<br />
Oper<strong>at</strong>ing profit 1,584 1,657 +4.6 675 810 +20.0<br />
Oper<strong>at</strong>ing margin (%) 9.7 8.6 -1.1 11.7 11.6 -0.1<br />
Beer sales (million hl) 19.1 20.4 +6.8 6.9 7.4 +7.2<br />
(*) Pro forma comparable figures for 2000<br />
Net turnover rose by DKK 2,939m (17.9%), which w<strong>as</strong> primarily due to the acquisition<br />
of Feldschlösschen (Switzerland).<br />
Oper<strong>at</strong>ing profit w<strong>as</strong> up on l<strong>as</strong>t year, which is <strong>at</strong>tributable to the acquisition of<br />
Feldschlösschen and to Sinebrychoff (Finland) and Carlsberg Denmark.<br />
In Denmark, beer sales stabilised, and despite slightly declining turnover, the results<br />
are above those of l<strong>as</strong>t year due to continued streamlining of business procedures.<br />
In Gre<strong>at</strong> Britain, Carlsberg-Tetley h<strong>as</strong> maintained its market share in a declining<br />
market with expected lower results. Following a weak start of the year, developments<br />
in 2 nd and 3 rd quarter have been more positive.<br />
In Switzerland, Feldschlösschen h<strong>as</strong> developed in line with expect<strong>at</strong>ions in a<br />
slightly declining market. The restructuring proceeds according to plans. The effect<br />
of this is expected in 2002.<br />
In Sweden, Carlsberg Sweden continued its neg<strong>at</strong>ive market development with<br />
lower and uns<strong>at</strong>isfactory earnings <strong>as</strong> a result. It is still expected th<strong>at</strong> the synergies<br />
in the integr<strong>at</strong>ion between Pripps and Falcon will be realised in 2002.<br />
In Finland, Sinebrychoff achieved progress in oper<strong>at</strong>ing profit due to incre<strong>as</strong>ing<br />
market share and improved productivity.<br />
In Norway, Ringnes showed modest progress in both volume and results.<br />
In Italy, Carlsberg Italy gained market share in a modestly incre<strong>as</strong>ing market due<br />
to the company’s acquisition of distribution companies.<br />
In Portugal, Unicer Bebid<strong>as</strong> h<strong>as</strong> maintained its market share in a weak market.
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