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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In Germany, Hannen is still working with a restructuring plan in order to improve<br />
the uns<strong>at</strong>isfactory results.<br />
E<strong>as</strong>tern 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 6 of 9<br />
2000 (*)<br />
Q3<br />
<strong>2001</strong><br />
Q3 Δ %<br />
Net turnover 2,947 4,651 +57.8 1,181 2,085 +76.5<br />
Oper<strong>at</strong>ing profit 602 980 +62.8 267 521 +95.1<br />
Oper<strong>at</strong>ing margin (%) 20.4 21.1 +0.7 22.6 25.0 +2.4<br />
Beer sales (million hl) 17.4 22.9 +31.6 6.8 9.7 +42.6<br />
(*) Pro forma comparable figures for 2000<br />
Net turnover rose by 57.8% to DKK 4,651m which is due to growth in Baltic Beverages<br />
Holding (BBH), Vena and Svyturys <strong>as</strong> well <strong>as</strong> the consolid<strong>at</strong>ion of Türk<br />
Tuborg <strong>as</strong> of 1 July <strong>2001</strong>.<br />
Oper<strong>at</strong>ing profits incre<strong>as</strong>ed by 62.8% to DKK 980m against DKK 602m l<strong>as</strong>t year.<br />
The rise is primarily due to incre<strong>as</strong>ed organic growth in Russia during the third<br />
quarter.<br />
In BBH, net turnover rose by 61% to DKK 2,827m. The total volume growth of<br />
<strong>30</strong>% (44% in Q3) w<strong>as</strong> due to organic growth. BBH h<strong>as</strong> incre<strong>as</strong>ed its market share<br />
in Russia to 28%, corresponding to an incre<strong>as</strong>e of 2.1%-point on the same period<br />
l<strong>as</strong>t year.<br />
In Russia, Vena continued to show significant growth in volume and results.<br />
In Poland, the implement<strong>at</strong>ion of the new structure of Okocim h<strong>as</strong> been initi<strong>at</strong>ed<br />
and is expected to be ready to oper<strong>at</strong>e in Q2 2002. Market development h<strong>as</strong> been<br />
weak and results uns<strong>at</strong>isfactory. Pi<strong>as</strong>t h<strong>as</strong> been consolid<strong>at</strong>ed with effect <strong>as</strong> of 1<br />
August <strong>2001</strong>.<br />
In Turkey, Carlsberg Breweries h<strong>as</strong> incre<strong>as</strong>ed its shareholding in Türk Tuborg to<br />
82.46%. The company’s contribution to the oper<strong>at</strong>ing profit is modest.<br />
Asia:<br />
DKK million<br />
2000 (*)<br />
9 months<br />
<strong>2001</strong><br />
9 months Δ %<br />
2000 (*)<br />
Q3<br />
<strong>2001</strong><br />
Q3 Δ %<br />
Net turnover 1,339 1,448 +8.1 5<strong>30</strong> 490 -7.5<br />
Oper<strong>at</strong>ing profit 207 291 +40.6 105 122 +16.2<br />
Oper<strong>at</strong>ing margin (%) 15.5 20.1 +4.6 10.4 25.1 +14.7<br />
Beer sales (million hl) 7.9 8.1 +2.5 2.8 2.7 -3.6<br />
(*) Pro forma comparable figures for 2000<br />
Net turnover rose by 8.1% to DKK 1,448m. Most markets showed minor progress.
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