cial highlights• Organic net revenue up 1% to DKK 50.9bn (Q3: -1%).
• Positive price/mix of +2% (Q3:+3%) with solid performance in Western Europe and Asia.
• 2% organic operating profit growth (Q3: 0%).
• Reported operating profit of DKK 7,522m (Q3: DKK 3,426m) impacted by 4% negative currency impact.
• 5% adjusted net profit growth to DKK 4,488m (Q3: +4%).
• 2013 outlook maintained.
Operational highlights
• Western European markets improved in Q3 due to favourable weather. Continued challenging market environment in Eastern Europe with Russia continuing to be impacted by outlet closures and slower macro-economic growth.
• Solid market share performance in all three regions.
• Organic beer volume decline of 2% (Q3: -5%). Continued growth in Asia offset by volume decline in Eastern and Western Europe, although Western Europe delivered strong growth in Q3.
• The implementation of the supply chain integration and business standardisation project (BSP1) is running according to schedule with our second market, Norway, having gone live in early November.
• Tuborg and Somersby continued to perform well with volume growth of 12% and 80%, respectively. The Carlsberg brand grew 5% in premium markets in Q3 following tough EURO 2012 comparisons in the first half of 2012.
Jorgen Buhl Rasmussen, Carlsberg chief executive, predicts that there will be some slow down in growth rates in Asia. However, Carlsberg had been successful persuading Asian consumers to switch to more expensive premium brands as opposed to their cheaper brands. "But there is no way out if the markets slow down," he added.
