CARLSBERG: Well anticipated results | BUY - TOP PICKS | DKK1220(+25%)
CARLSBERG - BUY - TOP PICKS | DKK1220(+25%)Well anticipated results
Results in line but deterioration over the quarters
Asia shines but Eastern Europe disappoints
Promising outlook and buy-back continues
Carlsberg is engaged in the production and sale of beer and other beverages. Co.'s brewing operations are concentrated in Northern and Western Europe, Eastern Europe and Asia, while markets outside these regions are serviced through exports and production under license. Co.'s other beverages include soft drinks, water and cider. In addition to beverage activities, Co. is also engaged in real estate.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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