Carlsberg A/S (OTCPK:CABGY)

$ 28.38 -0.29 (-1.01%) Market Cap: 18.83 Bil Enterprise Value: 22.65 Bil PE Ratio: 0 PB Ratio: 5.64 GF Score: 77/100

Full Year 2023 Carlsberg A/S Earnings Call Transcript

Feb 07, 2024 / 08:30AM GMT

Release Date Price: $27.23 (+0.29%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Carlsberg Full Year 2023 Financial Statement Conference Call. (Operator Instructions)

I would now like to turn the conference over to Jacob Aarup-Andersen, CEO. Please go ahead.

Jacob Aarup;Andersen;S;CEO

Carlsberg A

/-

Thank you very much, and good morning, everybody, and welcome to Carlsberg's Full Year 2023 Conference Call and also strategy update. So my name is Jacob Aarup-Andersen, and I have with me our CFO, Ulrica Fearn; and Vice President from Investor Relations, Peter Kondrup.

First of all, let me begin by summarizing the key headlines for 2023. We delivered a solid set of results in what we believe was a challenging environment. We saw continued volume growth in -- especially driven by Asia, and we delivered solid organic operating growth in line with expectations, while at the same time increasing our commercial investments.

As a consequence of our continued strong financial health, we

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