Annual Report for Harboes Bryggeri A/S – 2023/24

Increasing net revenue and improved results in line with most recently announced expectations Net revenue increased by 12% to mDKK 1,817.EBITDA for 2023/24 was mDKK 158 compared to mDKK 85 in the last financial year. This is in line with the most recently announced expectations of EBITDA in the range of mDKK 155-165. The EBITDA margin was 8.7%.The growth in earnings was primarily driven by improved product mix in both business areas and efficiency improvements implemented in...

Skælskør, 27/06/2024 (informazione.it - comunicati stampa - cibi e bevande)

In relation to the Annual Report, Harboe CEO Søren Malling says:

The focus will be on establishing closer relationships with consumers through our brands. There will still be focus on strengthening existing market positions and continued value development in the product range and packaging in order to stimulate sales and help increase both net revenue and earnings.

In Beverage Denmark the focus will be on maintaining and expanding its well-established position with the Harboe brand and the soft drink brand, EGO, while strengthening the retail exposure.

In Beverage Germany, there will be continued focus on establishing new customer agreements on larger volumes, and development of products that meet the demand.

In Beverage for the export markets, Harboe will continue to build on the positive momentum of both the malt drinks brand, Hyper Malt, and the brewery's beer brands through continued development of collaboration with distributors.

In the coming year, Harboe Ingredients will focus its efforts on the continued development of existing customer relationships and further work on identifying new application opportunities for ingredients in collaboration with customers.

Internally, the focus will be on maintaining high delivery reliability, as well as a continued focus on optimisation and long-term efficiency improvements, including major investments in production.

Overall, Harboe expects a positive development in EBITDA, which is expected to be in the region of
mDKK 150-190, and profit before tax in the region of mDKK 60-100. This corresponds to the outlook published in company announcement no. 11, 25 April 2024.

The expectations are based on the following general assumptions:

The assumptions are described in more detail in the Annual Report for 2023/24.

For further information

Bernhard Griese
Chair of the Board of Directors
Telephone: +45 58 16 88 88

Simon Andersson
CFO
Telephone: +45 29 23 00 36

Attachments