Carlsberg A/S (OTCPK:CABGY) Q3 2024 Earnings Conference Call October 31, 2024 4:30 AM ET

Company Participants

Jacob Aarup-Andersen - CEO

Ulrica Fearn - Group CFO

Conference Call Participants

Andrea Pistacchi - Bank of America Merrill Lynch

Edward Mundy - Jefferies

Simon Hales - Citi

Trevor Stirling - Bernstein

Thomas Lind Petersen - Nordea

Gen Cross - BNP Paribas

Laurence Whyatt - Barclays

Sanjeet Aujla - UBS

Chris Pitcher - Redburn

Soren Samsoe - SEB

Operator

Ladies and gentlemen, welcome to the Q3 2024 Trading Statement Conference Call. I am Shari, the Chorus Call operator. I would like to remind you that all participants will be in a listen-only mode. And the conference is being recorded. The presentation will be followed by Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Jacob Aarup-Andersen, CEO. Please go ahead.

Jacob Aarup-Andersen

Thank you very much, and good morning, everybody, and welcome to Carlsberg's Q3 2024 conference call. As said, my name is Jacob Aarup-Andersen. I'm the Carlsberg Group CEO, and I have with me our CFO, Ulrica Fearn, and Vice President, Investor Relations, Peter Kondrup.

Before we go in, let me begin by summarizing the key headlines for the quarter. We delivered volume and revenue growth in the majority of our markets, while the development in three large volume markets impact the total group volumes. We maintain our full year earnings guidance.

The Britvic acquisition is progressing, and we still expect to close the transaction in Q1 2020. And we have further strengthened our relationship with PepsiCo with the addition of Kazakhstan and Kyrgyzstan to our portfolio of CSD markets. I'll provide the key group headlines for the quarter, and Ulrica will take you through the regions and full year outlook.