Danish brewer Carlsberg A\/S (CABGY.PK) reported Wednesday that its first-half net loss attributable to shareholders was 5.28 billion Danish kroner, compared to last year’s profit of 3.03 billion kroner.<\/p>\n
Loss per share was 37.4 kroner, compared to profit of 20.9 krone a year ago.<\/p>\n
The latest results were hurt by impairment charges in Russia, Ukraine and Central & Eastern Europe recognised in March, in total amounting to 10.40 billion kroner.<\/p>\n
Adjusted profit was 5.06 billion kroner or 35.9 kroner per share, compared to 3.17 billion kroner or 21.9 kroner per share a year earlier.<\/p>\n
EBITDA grew to 8.57 billion kroner from 6.70 billion kroner last year.<\/p>\n
Revenue climbed 23.6 percent to 35.45 billion kroner from 28.67 billion kroner a year ago mainly due to a positive currency impact. Organic revenue growth was 20.7 percent, with second-quarter growth of 18.7 percent.<\/p>\n
Revenue\/hl increased 11 percent, primarily driven by channel mix, country mix and price increases.<\/p>\n
Beer volume grew to 52.6 million hl from 49.4 million hl last year. Organic volume growth was 8.9 percent with 8.7 percent increase in the second quarter.<\/p>\n
Further, the company said it will initiate the third quarterly buy-back programme, with the intention of buying back Carlsberg B shares amounting to I billion kroner up until October 21.<\/p>\n
Looking ahead for fiscal 2022, the company continues to expect high single-digit percentage organic operating profit growth.<\/p>\n
Separately, Carlsberg said it launched its new Environmental, Social and Governance or ESG programme. These include a roadmap to achieve net zero carbon emissions across the entire value chain by 2040. <\/p>\n