Carlsberg AS ADR BOTCPK - Current
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  • Wed, Aug. 17, 7:46 AM
    | Wed, Aug. 17, 7:46 AM
  • Mon, Jul. 25, 11:28 AM
    • Alcohol companies are pushing out a wide variety of new healthier drinks, including more vegan, gluten-free, and all-natural products.
    • Anheuser-Busch InBev (BUD -0.2%) is at the forefront of the initiative, with a pledge to increase its mix of low-alcohol beer or alcohol-free beer to 20% of global beer volume by the end of 2025. Sales in the category grew to $9.96B last year, up 19% in five years.
    • Heineken (OTCQX:HEINY), Carlsberg (OTCPK:CABGY, OTCPK:CABJF), and Diageo (DEO -0.2%) also have healthier products on tap.
    | Mon, Jul. 25, 11:28 AM | 1 Comment
  • Wed, May 11, 8:30 AM
    • Carlsberg AS (OTCPK:CABGY): Q1 Revenue of DKK13.01B (-3.4% Y/Y)
    | Wed, May 11, 8:30 AM
  • Fri, Apr. 29, 4:57 AM
    • Anheuser-Busch InBev (NYSE:BUD) offers to sell more of SABMiller's (OTCPK:SBMRY) European brands to appease European Commission regulators. The sale of beer assets in Hungary, Romania, Czech Republic, Slovakia, and Poland could generate as much as $5B, according to Exane BNP Paribas.
    • The rights to Pilsner Urquell outside of the U.S. are included in the offloading.
    • Potential buyers of the beer brands include Carlsberg (OTCPK:CABGY) and Heineken (OTCQX:HEINY).
    | Fri, Apr. 29, 4:57 AM
  • Wed, Mar. 16, 7:05 AM
    • Carlsberg (OTCPK:CABGY) announces a new set of top priorities under its SAIL'22 initiative.
    • The company aims to find the optimal balance between volume market share, gross profit after logistics margin, and operating profit.
    • "We will allocate resources against these priorities to ensure that we strengthen our core business and capture the many growth opportunities," reads a statement from Carlsberg.
    | Wed, Mar. 16, 7:05 AM
  • Wed, Feb. 10, 6:49 AM
    • Carlsberg AS ADR B (OTCPK:CABGY): Q4 EPS of DKK4.00.
    • Revenue of DKK14.66B (+2.3% Y/Y).
    | Wed, Feb. 10, 6:49 AM
  • Tue, Jan. 26, 7:23 AM
    • RBC Capital ups it ratings on Carlsberg (OTCPK:CABGY) to Outperform after having the stock set at Sector Perform.
    • Many analysts think the merger between Anheuser-Busch InBev and SABMiller gives both Carlsberg and Heineken a smoother competitive landscape in Europe.
    | Tue, Jan. 26, 7:23 AM
  • Dec. 2, 2015, 8:11 AM
    • Carlsberg (OTCPK:CABGY) is the most likely company to buy the Grolsch and Peroni beer brands from Anheuser-Busch InBev, according to analysts.
    • The Denmark-based brewer is already seen benefiting from the consolidation in the industry even if doesn't snap up the new assets. Shares of the Carlsberg ADRs are up 14% since MegaBrew was announced.
    • Previously: AB InBev to offload Peroni, Grolsch (Nov. 29 2015)
    | Dec. 2, 2015, 8:11 AM
  • Nov. 13, 2015, 2:44 AM
    • Yesterday's MegaBrew deal between AB Inbev and SABMiller is leaving mid-size competitors without a clear way forward.
    • Companies such as Heineken (OTCQX:HEINY), Molson Coors (NYSE:TAP) and Carlsberg (OTCPK:CABGY) now find themselves squeezed between a behemoth that will produce almost a third of the world's beer and a growing army of craft brewers.
    • Some experts say they should respond by pursuing takeovers of their own, while others argue that would do little good because the underlying problem is that consumers are increasingly drinking craft beers, not mass market brands.
    | Nov. 13, 2015, 2:44 AM | 3 Comments
  • Nov. 11, 2015, 11:07 AM
    • There are some gentle gains across the beer sector after Anheuser-Busch InBev (BUD +1.1%) and SABMiller (OTCPK:SBMRY +2.2%) formalize their merger plan.
    • Heineken (OTCQX:HEINY +1.6%), Molson Coors (TAP +0.7%), Ambev (ABEV +0.9%), Carlsberg (OTCPK:CABGY +5.9%), Craft Brew Alliance (BREW +1.8%), and Boston Beer (SAM +0.2%) are showing increases of varying degrees.
    • Most analysts think the beer giants will make the necessary concessions to appease regulators in the U.S. and China. On SA, Chris DeMuth says the deal will extend the reach of the best operators in the business.
    • Molson Coors in particular is widely identified as a winner in the deal through its pickup of a full stake in MillerCoors. Still to play out is what beer company makes a bid for SABMiller's position in CR Snow in China. China Resources Beer Holdings (OTCPK:CRHKY, OTC:CRHKF) is the 51% owner of the alluring JV.
    • Previously: Molson Coors sees huge synergies down the road from MillerCoors deal (Nov. 11 2015)
    • Previously: AB InBev, SABMiller seal MegaBrew deal (Nov. 11 2015)
    | Nov. 11, 2015, 11:07 AM | 2 Comments
  • Nov. 11, 2015, 6:15 AM
    • After swinging to a third-quarter loss on its struggling Russian and Chinese businesses, Carlsberg (OTCPK:CABGY) said it will slash 2,000 jobs (15% of its workforce) and book $1.4B in impairment and restructuring costs.
    • The world's fourth biggest brewer reported a net loss of 4.5B kronor, compared with a profit of 2.1B kronor in the same period a year ago.
    • The company is also monitoring the combination of AB InBev and SABMiller, but has no current plans to make mergers and acquisitions itself.
    | Nov. 11, 2015, 6:15 AM | 1 Comment
  • Sep. 16, 2015, 9:56 AM
    | Sep. 16, 2015, 9:56 AM | 5 Comments
  • Apr. 10, 2015, 10:15 AM
    • Beer consumption in China fell in 2014 for the first time since 1998, according to data from the National Bureau of Statistics in China.
    • Volume dropped 1.8% Y/Y to 49.39M kiloliters.
    • The drop is partially attributable to a drop in lavish spending and grift from politicians as well as a younger generation not as prone to binge drink as their parents.
    • Kirin Holdings (OTCPK:KNBWY, OTC:KNBWF), China Resources Snow Breweries (SABMiller (OTCPK:SBMRY) J/V), Tsingtao Brewery (OTCPK:TSGTY, OTCPK:TSGTF), Carlsberg (OTCPK:CABGY, OTCPK:CABJF), and Anheuser-Busch InBev (NYSE:BUD) are the beer heavyweights in China.
    | Apr. 10, 2015, 10:15 AM
  • Feb. 26, 2015, 10:27 AM
    | Feb. 26, 2015, 10:27 AM | 1 Comment
  • Feb. 18, 2015, 9:29 AM
    • Carlsberg (OTCPK:CABGY) announces CEO Jorgen Buhl Rasmussen will retire to be replaced by Cees't Hart, currently the CEO at Royal FrieslandCampina.
    • Rasmussen has held the CEO position since 2007.
    • The company has been smacked by its high exposure to Russia over the last year.
    • Shares of CABGY were off as much as 3.7% in London trading before recovering a bit.
    | Feb. 18, 2015, 9:29 AM
  • Jan. 28, 2015, 11:34 AM
    • Carlsberg (OTCPK:CABGY) disclosed it froze hiring and salary increases due to the ongoing problems with the brewer's business in Russia.
    • A pressured Russian economy has impacted beer volume by about 7% over a 9-month period.
    | Jan. 28, 2015, 11:34 AM