Latest news with #CarlsbergMalaysia
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.
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.
Rakyat Post
07-05-2025
- Business
- Rakyat Post
Carlsberg Malaysia's Big Beer Run: Record Profits And Green Dreams
Subscribe to our FREE In a world where everything seems to be getting more expensive, Carlsberg Malaysia is having its moment in the sun. The beer giant just wrapped up its best year ever, pouring out record profits while keeping shareholders and planet Earth happy. The numbers tell a story of success that would make any business pop a cork – they're raking in RM 2,376 million in revenue, with profits hitting a frothy RM 416 million. And get this – they're pumping serious money back into the Malaysian economy, with RM 1.0 billion paid in excise duties alone. But here's where it gets interesting: they're not just counting cash, they're counting trees (well, sort of). While they're paying RM 89.8 million in corporate taxes and another RM 112.4 million in indirect taxes, they're also keeping it local—a whopping 75% of their procurement spend goes to Malaysian vendors, up 8.7% from last year. Talk about supporting the neighbourhood! For a 56-year-old company that started as a foreign investment in Malaysia, they've become quite the local hero. When your friendly neighbourhood supplier gets more business because Carlsberg is doing well, economists call it a win-win situation. But in regular folks' terms, Carlsberg Malaysia's Managing Director Stefano Clini breaks down the company's impressive financial recovery during the 2025 Annual General Meeting, pointing to charts that show revenue and profits have bounced back beyond pre-Covid levels. The numbers tell a story of resilience – from the challenging days of 2020 to record-breaking performance in 2024. (Pix: Fernando Fong) From Hops to High-Tech: Inside Carlsberg's Brewery of the Future The company's recently unveiled RM200 million brewery makeover is about more than just making more beer—it's about making beer better. Think of it as giving their old brewery a Tesla-style upgrade. They've slashed their water usage by up to 38% in some areas, which is no small feat when you're in the business of brewing. 'It's like teaching an old dog new tricks,' might be one way to put it, as the company rolls out fancy Keeping the Taps Open: Green Grades and Growth in Challenging Times Looking ahead to 2025, they're not wearing rose-colored glasses. They know there are storm clouds on the horizon – inflation isn't going away, interest rates are still high, and there's that pesky shorter Chinese New Year selling window to worry about. But they're not letting that stop the party. The company has also received praise from environmental watchdogs, maintaining its Carlsberg Malaysia is also part of the FTSE4Good Bursa Malaysia Index, reflecting its A moment of shared success at Carlsberg Malaysia's 2025 AGM: Chief Financial Officer Vivian Gun (left) and Managing Director Stefano Clini (centre) review the company's performance reports with Corporate Affairs & Sustainability Director Pearl Lai (right). The team's collaborative leadership has helped steer the company through transformative times, balancing financial growth with sustainability goals. (Pix: Fernando Fong) Bottom Line and Bottom's Up: Carlsberg's Triple Crown For the folks keeping score at home, shareholders aren't complaining either. With a But perhaps the most impressive feat is that their Singapore operation hasn't had an accident in 1,533 days—that's more than four years of keeping the suds flowing without a hitch. Beyond the numbers, Carlsberg has deep roots in Malaysia's Chinese community: it has long supported Chinese education. Over the years, the company has poured millions into Chinese schools, funding everything from building improvements to educational programs, making it more than just another corporate name in the community. As they head into 2025, Carlsberg Malaysia seems to be proving that you can have your beer and drink it, making money while making the planet greener. Now that's something worth raising a glass to. READ MORE : READ MORE : READ MORE : READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Rakyat Post
29-04-2025
- Business
- Rakyat Post
Carlsberg's Million-Ringgit Investment In Malaysia's Rising Stars
Subscribe to our FREE 333 Malaysian students just got the news of their lives. Carlsberg Malaysia dropped a million-ringgit thunderbolt of hope, transforming 'maybe someday' dreams into 'starting now' realities. This isn't your typical corporate handout – it's a masterclass in empowerment that's turning classroom warriors into tomorrow's leaders. Meet Caleb Sawing Thomas, a culinary student from Kuching, whose kitchen prowess has just been supercharged. 'This support from Carlsberg Malaysia and Huazong is truly life-changing,' he says. His mission? Master the culinary arts and cook up positive change in his community. Hustle Seen, Dreams Backed: The Nationwide Roll Call Rolling through Malaysia's diverse landscape, the initiative hits differently. 73 future gamechangers from KL and Selangor, 27 from Penang's pearl shores, 24 from Sarawak's mighty heartland – each number represents dreams taking flight. This isn't random generosity; it's precision-guided empowerment spanning every Malaysian state. Universiti Malaysia Sarawak (UNIMAS) student Kirtina Muniandy breaks it down real: 'Receiving this education fund is a form of affirmation and encouragement.' Her words echo through lecture halls and study rooms where thousands of students push through late-night study sessions, wondering if anyone notices their hustle. Well, someone did. UNIMAS student Kirtina Muniandy. (Pix: Carlsberg Malaysia) No Strings Attached: Turning Dreams into Degrees Pearl Lai, rocking the Corporate Affairs & Sustainability Director chair at Carlsberg, keeps it straight: 'Education continues to be a gateway to brighter, more equitable future.' The company made a power move in 2021, transforming what were once interest-free loans into scholarships. No catches, no fine print – just pure runway for talent to take off. Over at Polytechnic Kuching, Sarawak, Angeline Tan's story also hits differently. 'Seeing my mother's sacrifices has always driven me,' she shares, her dream of becoming an accountant now backed by more than just hope. It reminds me that opportunities are real if we keep striving. Pure truth from the trenches of transformation. Building Bridges, Breaking Barriers: A 25-Year Legacy of Educational Empowerment Since '98, this Carlsberg-Huazong partnership has been the silent force behind nearly 1,500 success stories. For B40 and M40 households, where higher education often feels like a luxury, this RM3 million initiative, which has been supporting 999 students since 2021, isn't just opening doors – it's building bridges to possibilities that once seemed out of reach. Tan Sri Datuk Seri Panglima (Dr) Goh Tuan Chuan, Huazong's President, drops the mic with this truth bomb. Education is a powerful tool for societal transformation. And that's exactly what's happening here – one scholarship, one student, one success story at a time. (First row, fourth from left), Dato' Lim Kah Chuan, Deputy President; Huazong; Pearl Lai, Corporate Affairs & Sustainability Director, Carlsberg Malaysia; Tan Sri Datuk Seri Panglima (Dr) Goh Tuan Chuan, President, Huazong at the scholarship presentation. (Pix: Carlsberg Malaysia) READ MORE : READ MORE : READ MORE : Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
