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

Half Year 2023 Carlsberg A/S Earnings Call Transcript

Aug 16, 2023 / 07:30AM GMT
Release Date Price: $29.02 (-2.49%)
Operator

Welcome to the Carlsberg's H1 2023 Financial Statement Conference Call. (Operator Instructions) This call is being recorded. I'll now hand it over to the speakers. Please begin.

Cees C. Â;t Hart;S;CEO
Carlsberg A;President & Member of Executive Board

´ - /- -

Good morning, everybody, and welcome to Carlsberg's Half Year 2023 Conference Call. My name is Cees ´t Hart, and I have with me CFO, Ulrica Fearn; and Vice President, Investor Relations, Peter Kondrup.

Let me begin by summarizing the key headlines for the first 6 months of the year. We delivered strong revenue growth as a result of revenue per hectoliter improvements and volume growth in Asia. We delivered solid organic operating growth despite the challenging cost environment. Due to the solid year-to-date results, we upgraded our earnings outlook yesterday and we are today starting the second quarterly buyback program this year amounting to DKK 1 billion. I will go through the key headlines, strategic highlights and the regions. And

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