RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Subscribe
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
thumb
Written by Pauline Neerman
In this article
  • Companies Carlsberg
  • Topics Financial results
  • Geography Scandinavia
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

Carlsberg fears beer will “become too expensive in Europe”

icon
Food8 February, 2023

Will Europeans no longer be able to afford their beers? Carlsberg fears that further price increases will affect sales this year, making it “another challenging year” for the Danish brewery group.

Prices on the rise again

Carlsberg warns that Europeans may drink less beer this year. Price increases could weigh on the Danish brewer, especially on its profits. For this year, the group expects between 5% less and 5% more operating profit. Last year, growth was 12%.

“2023 will be another challenging year,” CEO Cees ‘t Hart told Reuters. “While beer historically has been a resilient consumer category, the rising prices in combination with generally high inflation may have a negative impact on beer consumption in some of our markets, particularly in Europe.” Last year, sales per litre rose by 9 %, but this year prices will have to rise again by a “high single digit” percentage to cover ever-increasing costs.

Return to Russia?

Carlsberg hopes to sell its Russian operations by June, although the brewery giant is keeping the door half-open for a possible return. Hart would like to build this option into the sale – not for the foreseeable future, but for “his successor”. However, the political situation should change radically first, so probably not in the first decade, he reassures.

Instead, the beer producer is planning to buy out its Indian partner this year. After a lengthy dispute with its local partner, the Khetan Group, Carlsberg has now obtained the right to buy out its shares. The acquisition will cost about 744 million dollars (700 million euros).

Stay up-to-date

Receive our free newsletters and do not miss out on the latest retail news.

Subscribe
logo

Will Europeans no longer be able to afford their beers? Carlsberg fears that further price increases will affect sales this year.

More on Food
See more
  • icon
    Food24 March, 2023
    For the first time ever: Duvel goes discount

    For the first time in its history, Belgian beer Duvel is giving price discounts. The competition in the beer market is proving too hard to hold on to a non-discount policy.

  • icon
    Food24 March, 2023
    Makro auction earns trustees 2 million euros

    The inventory sale of the sixth and last Belgian Makro shop has been completed. It will bring the bankrupt chain a total of over two million euros. Meanwhile, the premises look rundown.

  • icon
    Food24 March, 2023
    Is ‘dual tracking’ (producing both private labels and A-brands) a good idea?

    The strong growth of private label is tempting A-brand manufacturers to also produce private brands. On the other hand, private label manufacturers see opportunities in developing a national brand. What opportunities and risks does "dual tracking" bring?

Events
  • 20
    Apr
    RetailDetail Congress
  • 11
    May
    Fashion & Beauty Congress
  • 15
    Jun
    Human Resources & People Congress
  • 29
    Jun
    Food Congress
Most read
  • icon
    Fashion3 March, 2023
    LVMH eager for luxury merger with Richemont
  • icon
    Fashion15 March, 2023
    Zara increases its competitive edge over H&M
  • icon
    Food7 March, 2023
    Delhaize to sell all Belgian stores
  • icon
    Food9 March, 2023
    Week-long strike at Belgian Delhaize stores
Follow RetailDetail
  • socialFacebook
  • socialTwitter
  • socialInstagram
  • sociallinkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform retailhub, where retailers and their suppliers can experience the future of shopping.
RetailDetail Mailing Address:
Kolveniersstraat 7, bus 26 
2000 Antwerp
Visiting address:
Stadsfeestzaal – Meir 78 
2000 Antwerp
How to reach us:
Directions
© 2023 RetailDetail
general conditions | privacy policy
+32 3 500 89 59 info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT