Latest news with #StefanoClini
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.
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.
