Carlsberg AS (LTS:0AI4)

kr 747.7 2.3 (0.31%) Market Cap: 105.37 Bil Enterprise Value: 131.73 Bil PE Ratio: 0 PB Ratio: 4.65 GF Score: 73/100

Q4 2019 Carlsberg A/S Earnings Call Transcript

Feb 04, 2020 / 08:00AM GMT

Release Date Price: kr1000.4 (+1.61%)

Transcript

Operator

Hello, and welcome to the Carlsberg Full Year 2019 Financial Statement. So today, I'm pleased to present CEO, Cees 't Hart; and CFO, Heine Dalsgaard. (Operator Instructions) Just to remind you, this is being recorded, and a transcript of this will be made available online.

Please begin, gentlemen.

Cees C. Â;t Hart;S;CEO

Carlsberg A;President & Member of Executive Board

´ - /- -

Good morning, everybody, and welcome to Carlsberg's Full Year 2019 Conference Call. My name is Cees 't Hart. And I have with me, CFO, Heine Dalsgaard; and Vice President of Investor Relations, Peter Kondrup.

Let me first briefly summarize the key headlines for the year. We delivered strong financial results with healthy top line growth and strong profit and margin improvement. We see good growth coming from our SAIL'22 priorities. We are, again, increasing cash returns to shareholders, and we are well prepared for 2020.

I will go through some strategic highlights and the regions, and Heine will guide

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