Latest news with #CarlsbergBreweryMalaysiaBhd
The Star
03-06-2025
- Business
- The Star
Steady consumer demand to spur Carlsberg
PETALING JAYA: Carlsberg Brewery Malaysia Bhd is expected to see solid earnings growth underpinned by steady consumer demand. RHB Research noted that for the immediate term, respectable earnings growth is seen in the second quarter of the current financial year (2Q25) as the 2Q24 sales were impacted by weaker demand post a price increase. 'Overall, we expect consumption to remain steady in FY25, underpinned by tight enforcement to keep contraband trade at bay whilst the positive traction of tourist arrivals and rise in disposable income should provide further support. 'Against a backdrop of rising operating costs, we believe that Carlsberg Malaysia's premiumisation strategy, the full impact of price increases, as well as its focus on enhancing operational efficiency and productivity will provide buffers to protect profit margins.' The reseach house said Carlsberg Malaysia would also focus on marketing and consumer engagement initiatives to stimulate consumption and spending. For the first quarter ended March 31, 2025 (1Q25), Carlsberg Malaysia saw its top line drop by 8.67% to RM662.81mil from RM725.76mil in the previous corresponding quarter. Despite the lower revenue, the brewery posted a 7.49% increase in net profit to RM94.52mil from RM87.93mil in 1Q24. Hong Leong Investment Bank (HLIB) Research said Carlsberg Malaysia is off to a strong start, with the Malaysian market leading its performance. 'The Singapore operations continued to be weighed down by higher advertising and promotional (A&P) spending, reflected in lower earnings before interest and tax margins. 'We expect continued A&P investments in its Singapore operation to build Sapporo's market share, which has yet to match that of its predecessor Asahi.' The research house said growth in FY25 should be underpinned by stronger sales in Malaysia, driven by better disposable income and rising tourist arrivals, increasing contributions from the Sapporo brand and the full-year impact of earlier average selling price hikes. 'While elevated A&P spending may pressure margins, this could be partially mitigated by improved input costs from a potentially stronger ringgit.' UOB Kay Hian said Carlsberg Malaysia's earnings came in within expectations. 'Carlsberg Malaysia reported a core net profit of RM94.8mil in 1Q25. This is within expectations, making up 26% of both our and consensus full-year forecasts.'
The Star
29-05-2025
- Business
- The Star
Carlsberg Malaysia to enhance premium brands
Carlsberg Malaysia managing director Stefano Clini. PETALING JAYA: Carlsberg Brewery Malaysia Bhd will continue to invest in brand premiumisation, product innovation and digital transformation while optimising costs to navigate a tough macroeconomic environment. It acknowledged that external headwinds and market uncertainty might dampen sentiment in the near term but it remained committed to delivering sustainable value for shareholders. For the first quarter ended March 31, 2025 (1Q25), Carlsberg saw its bottom line improve by 7.5% year-on-year despite almost a 9% drop in revenue. Managing director Stefano Clini said the group 'delivered a solid first quarter' despite subdued consumer spending in 1Q25. 'We remain committed to staying agile and responsive to market dynamics and competition in both Malaysia and Singapore, ensuring that we continue delivering value to our consumers and stakeholders,' he said in a statement. 'Our focus remains on executing our 'accelerate premium' strategy by enhancing our premium brands, strengthening customer and consumer engagement, and driving sustainable value creation through differentiated offerings.' For 1Q25, Carlsberg saw its top line drop by 8.67% to RM662.81mil from RM725.76mil in the previous corresponding quarter. 'The lower top-line performance was impacted by the shorter Chinese New Year timing, as part of the festive sales had already been captured in December 2024,' the brewery said in the statement. 'A higher base was also recorded in the same quarter last year, due to the additional trade purchases in March 2024, ahead of the price increase that took place in April 2024.' Despite the lower revenue, the brewery posted a 7.49% increase in net profit to RM94.52mil from RM87.93mil in 1Q24. The stronger net earnings were mainly attributed to the absence of additional deferred tax liabilities arising from foreign withholding tax in its Sri Lankan associate company, Lion Brewery (Ceylon) PLC, which were recognised in 1Q24. Total revenue from the Malaysian market declined by 8.6% to RM494.6mil from RM541.4mil in 1Q24. Despite the drop in revenue, profit from operations in Malaysia rose slightly by 1.4% to RM106.3mil, supported by lower operational spending compared to the same quarter last year. In Singapore, revenue fell by 8.8% to RM168.2mil due to weaker sales. Earnings from operations in the market dropped sharply by 36.1% to RM10.4mil from RM16.2mil a year earlier. At the group level, profit from operations decreased by 3.6% to RM116.7mil from RM121.1mil in 1Q24. Earnings per share rose to 30.91 sen for the quarter under review, up from 28.76 sen in the previous corresponding quarter, while the group declared a first interim dividend of 23 sen per share compared with 22 sen a year ago.
The Star
29-05-2025
- Business
- The Star
Carlsberg to invest in brand premiumisation, product innovation
PETALING JAYA: Carlsberg Brewery Malaysia Bhd will continue to invest in brand premiumisation, product innovation and digital transformation while optimising costs to navigate a tougher macroeconomic environment 'that may result in prolonged soft consumer sentiment.' The brewery acknowledged that external headwinds and market uncertainty may dampen sentiment in the near term but said it remains committed to delivering sustainable value for shareholders and stakeholders. For the first quarter ended March 31, 2025 (1Q25), Carlsberg saw its bottomline improve by 7.5% year-on-year despite almost a 9% drop in revenue. Its managing director Stefano Clini believes the group 'delivered a solid first quarter', despite subdued consumer spending in 1Q25. 'We remain committed to staying agile and responsive to market dynamics and competition in both Malaysia and Singapore, ensuring that we continue delivering value to our consumers and stakeholders,' he noted in a statement. 'Our focus remains on executing our 'Accelerate Premium' strategy by enhancing our premium brands, strengthening customer and consumer engagement, and driving sustainable value creation through differentiated offerings.' For 1Q25, Carlsberg saw its topline drop by 8.67% to RM662.81mil from RM725.76mil in the previous corresponding quarter. 'The lower top-line performance was impacted by the shorter Chinese New Year (CNY) timing, as part of the festive sales had already been captured in December 2024,' the brewery said in the statement. 'A higher base was also recorded in the same quarter last year, due to the additional trade purchases in March 2024, ahead of the price increase that took place in April 2024.' Despite the lower revenue, the brewery posted a 7.49% increase in net profit to RM94.52mil from RM87.93mil in 1Q24. The stronger net earnings were mainly attributed to the absence of additional deferred tax liabilities arising from foreign withholding tax in its Sri Lankan associate company, Lion Brewery (Ceylon) PLC, which were recognised in 1Q24. Total revenue from the Malaysian market declined by 8.6% to RM494.6mil from RM541.4mil in 1Q24. Despite the drop in revenue, profit from operations in Malaysia rose slightly by 1.4% to RM106.3mil, supported by lower operational spending compared to the same quarter last year. In Singapore, revenue fell by 8.8% to RM168.2mil due to weaker sales. Profit from operations in the market dropped sharply by 36.1% to RM10.4mil from RM16.2mil a year earlier. At the group level, profit from operations decreased by 3.6% to RM116.7mil from RM121.1mil in 1Q24. Earnings per share rose to 30.91 sen for the quarter under review, up from 28.76 sen in the previous corresponding quarter, while the group declared a first interim dividend of 23 sen per share, compared with 22 sen a year ago.
New Straits Times
29-05-2025
- Business
- New Straits Times
Carlsberg Malaysia's Q1 earnings higher at RM94.5mil, revenue lower at RM662.8mil
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd reported an 8.7 per cent lower revenue but a 7.5 per cent higher net profit for the first quarter ended March 31 2025. Its net profit stood at RM94.5 million on the back of a RM662.8 million turnover, Carlsberg Malaysia said today. "We delivered a solid first quarter of the year, despite subdued consumer spending in an environment with increased macroeconomic volatility," said Carlsberg Malaysia managing director Stefano Clini. "We remain committed to staying agile and responsive to market dynamics and competition in both Malaysia and Singapore, ensuring that we continue delivering value to our consumers and stakeholders," he added. The company said the lower top-line performance was impacted by the shorter Chinese New Year timing, as part of the festive sales had already been captured in December 2024. A higher base was also recorded in same quarter last year, due to the additional trade purchases in March 2024, ahead of the price increase that took place in April 2024. The absence of additional deferred tax liabilities from foreign withholding tax in the company's Sri Lankan-based associate company Lion Brewery (Ceylon) PLC recognised in the first quarter of FY2024, contributed to the higher net profit in the quarter under review. Carlsberg Malaysia's earnings per share for the quarter stood at 28.76 sen, compared to 27.81 sen in Q1FY24. The company announced the first interim dividend of 23 sen per share for the quarter.
