Carlsberg Group reports organic revenue grew 2% in the first quarter, driven by 1% organic volume growth and +1% price/mix.
Reported net revenue declined by 5%, impacted by -2% from divestments and a negative currency impact of 5%, the company said. In reported terms, total volumes were flat, impacted by last year’s disposal of Nordic Getränke.
Carlsberg’s international premium brands delivered strong growth rates. The Tuborg brand grew by 11%, mainly driven by India, China and the Turkish licence market. The Carlsberg brand grew volumes in Asia and Eastern Europe, but this was neutralised by the volume decline in the UK. Grimbergen continued to gain traction in many markets and grew by 12%, while 1664 Blanc delivered very strong growth of 44%, driven by all three regions.