Carlsberg ( (CABGY) ) has released its Q4 earnings. Here is a breakdown of the information Carlsberg presented to its investors.
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Carlsberg, a leading global brewer known for its diverse portfolio of beer and beverage brands, has reported its financial results for 2024, highlighting solid profit development and strategic acquisitions. The company completed significant acquisitions including Britvic plc and gained full control of its operations in India and Nepal, marking a transformative year for its global operations. Carlsberg’s organic revenue grew by 2.4% with operating profit increasing by 6% despite challenges in key markets like China. The company further divested its Russian business, contributing to a net profit of DKK 9,116 million. Forward-looking, Carlsberg aims for continued growth with expectations of 1-5% operating profit growth in 2025, underpinned by strategic initiatives like the Accelerate SAIL strategy and partnerships such as the Pepsi license in Kazakhstan and Kyrgyzstan.