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Carlsberg Group Carlsberg A / S 1 J.C. Jacobsens Gade Tel 1799 Copenhagen V CVR.no. 61056416 +45 3327 3300 contact@carlsberg.com www.carlsberggroup.com LEI 529900100WJQYB5GYZ19 Company announcement 17/2021 28 April 2021 Page 1 of 6 TRADING STATEMENT AS AT 31 MARCH 2021 HIGHLIGHTS • Total organic volume growth of 11.5 % ; reported growth of 12.8 % . • Total organic volume development in Western Europe -5.8 % , Asia + 29.7 % and Central & Eastern Europe + 8.9 % . ⚫ Tuborg volume + 26 % , Carlsberg -4 % , 1664 Blanc + 33 % , Grimbergen -17 % and Somersby + 31 % . ⚫ Craft & speciality volume growth of + 13 % , alcohol - free brews + 24 % . ⚫ Organic revenue growth of 3.8 % ( Western Europe -14.9 % , Asia + 30.4 % and Central & Eastern Europe + 3.1 % ) . Reported growth of 0.4 % to DKK 13.0bn due to acquisitions ( + 2.1 % ) and currencies ( -5.5 % ) . ⚫ Revenue / hl down organically by 7 % , impacted by channel and country mix . • Today , the Company will launch the second quarterly share buy - back programme , amounting to DKK 1bn . 2021 EARNINGS EXPECTATIONS . Uncertainty remains high . However , in light of the good start to the year , we raise the bottom end of the range in our earnings expectations for 2021 : • Organic growth in operating profit within the range of 5-10 % ( previously 3-10 % ) . • A translation impact of around DKK -250m is assumed for 2021 based on the spot rates at 27 April ( previously DKK -200m ) . CEO Cees ' t Hart says : “ COVID - 19 continues to impact people across the world . As in 2020 , our top priorities remain the health and wellbeing of our employees , supporting our customers to the best of our ability and safeguarding the financial health of the business . " The Group had a strong start to the year in Asia and Central & Eastern Europe , while Western Europe was significantly impacted by the extensive lockdowns and restrictions across the region . With COVID - 19 continuing to be a challenge in many of our markets , our geographical exposure showed its strength , as strong volume growth in several markets across all three regions more than offset challenging circumstances in other markets . " Although the uncertainty as to how the pandemic will evolve in the coming quarters remains high , we're pleased that we can raise the bottom end of our earnings guidance and that we're today launching the second quarterly share buy - back programme . " Contacts Investor Relations : Peter Kondrup +45 2219 1221 Iben Steiness +45 2088 1232 Media Relations : Christian Wulff Søndergaard +45 3144 7965 For more news , sign up at www.carlsberggroup.com/subscribe or follow @Carlsberg Group on Twitter . Carlsberg will present the results at a conference call today at 9.30 a.m. CET ( 8.30 a.m. GMT ) . Dial - in information and a slide deck are available on www.carlsberggroup.com .