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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from those projected. Therefore, it is essential to bear in mind th<strong>at</strong> a number of<br />
comprehensive integr<strong>at</strong>ion, r<strong>at</strong>ionalis<strong>at</strong>ion and restructuring projects were<br />
launched this year in Western Europe in particular and this contributes to the uncertainty<br />
<strong>as</strong> to expect<strong>at</strong>ions regarding results. The synergies included in the expect<strong>at</strong>ions<br />
for the results this year are limited, and, all things considered, the accrual<br />
of total income and expense is deemed uncertain due to the comprehensive<br />
n<strong>at</strong>ure of the projects. In Asia, Carlsberg’s activities are still not finally included in<br />
Carlsberg Asia Holding Ltd.<br />
As a result of the above, significant changes in income and costs between <strong>2001</strong><br />
and 2002 may occur.<br />
This financial st<strong>at</strong>ement is available in Danish and English. In c<strong>as</strong>e of doubt, the<br />
Danish version shall apply.<br />
<strong>Quarterly</strong> <strong>Financial</strong> <strong>St<strong>at</strong>ement</strong><br />
1.11.<strong>2001</strong><br />
Carlsberg A/S Q3 Report <strong>2001</strong><br />
Page 8 of 9<br />
Appendix
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