Carlsberg Group has seen both volume and revenue growth in its third quarter of the year.
According to the group, reported revenue growth was up 17.8%, while reported volume growth was up 16.2%.
The categories of growth included premium beer, which (excluding San Miguel) increased by 5%, and soft drinks, which increased in volume by 4%.
Alcohol-free brews saw a volume dip of 2% (excluding Ukraine, which was up 6%), and the Beyond Beer category also decreased by 10%.
There was also reported growth in international brands like Tuborg, which increased 2% in volume. Carlsberg rose by 3% and 1664 by 6%.
The group said that the strong growth was driven by the Britvic acquisition and added that there is continued delivery on the Britvic business case. Expected total cost synergies increased to £110m on 1 October, compared to £100m.
CEO Jacob Aarup-Andersen said: “The integration of Britvic is progressing very well. We recently raised our cost synergy expectations and are very pleased with the momentum of the business. We continue to have strong confidence in the advantages of combining beer and soft drinks and the long-term value creation opportunities offered by the Britvic acquisition.”



