Carlsberg: Price rises lead to higher earnings
Carlsberg has announced that price rises are compensating for the increase in cost of raw materials and leading to higher gross earnings for the brewer.
Carlsberg: Price rises have compensated for raw material increases
The Danish brewing giant, which completed its takeover of Scottish & Newcastle with Heineken in April, said one of its key priorities over the first six months of the year had been to carry out price increases.
This has led to an average rise of 5% in price on last year to compensate for increasing raw material and utility costs.
In the UK market, Carlsberg said that it had not lost market share despite the overall market suffering a 9% drop in on-trade volumes but a 6% rise in the off-trade.
Overall, Carlsberg saw organic beer volumes grow by 6% in the first six months of 2008 with total beer volume growth of 24%.
It said that integration of S&N was running to plan.
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