In a tough quarter, we delivered volume and revenue growth in the majority of our markets.
VOLUMES IMPACTED BY A CHALLENGING CONSUMER ENVIRONMENT
Organic volume development -0.2% (9M: +0.8%)
POSITIVE REVENUE/HL DEVELOPMENT
Organic revenue growth +1.3% (9M: +3.0%)
EARNINGS EXPECTATIONS MAINTAINED
EXPANDING PARTNERSHIP WITH PEPSICO
CEO Jacob Aarup-Andersen says:
“It was a tough quarter, impacted by a challenging consumer environment and weather. Nevertheless, we delivered volume and revenue growth in the majority of our markets, although lower volumes in China, France and the UK impacted overall Group performance.
“We’re pleased with the development of our key long-term strategic growth categories, including alcohol-free brews, Beyond Beer and soft drinks.
“As we await the expected closure of the Britvic acquisition in Q1 2025, we’re pleased that our partnership with PepsiCo will expand further with two additional markets coming on board from 2026, indicating the long-term potential in our collaboration.”
Get the 2024 Q3 highlights from CEO Jacob Aarup-Andersen and CFO Ulrica Fearn:
Vice President, Investor Relations