Monday 21 August 2017
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4 months ago

Carlsberg confident of growth despite soft consumer sentiment

PETALING JAYA: Carlsberg Brewery Malaysia Bhd believes there are still growth prospects, despite softer consumer sentiments in Malaysia and Singapore.

Its managing director Lars Lehmann expects the market to be flat in terms of volume but believes that revenue generators, its premium range and Carlsberg Smooth Draught, in its mainstream range, will bolster sales growth.

Its premium range of products such as Kronenbourg blanc,Somersby Cider, Asahi and Connor’s Stout contributed about 20% of sales revenue in 2016.

The group achieved an organic growth of about 1.6% on the back of a flat market last year and Lehmann believes that it is possible to achieve revenue growth this year as well.

The group expects a single digit increase in operations expenditure due to the recent hike in excise duty while capital expenditure is expected to remain at about RM40 million.

“This year it will be higher, we got 10 months last year and this year it’s 12 months,

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