Carlsberg Brewery Malaysia Berhad has published its full year financial for FY2021, Group’s Chairman Datuk Toh Ah Wah said “The Group reported a revenue of RM1.8 billion last year despite the extremely difficult situation with 2.5 months of brewery closure and recorded a commendable 23.9% increase in net profit at RM201 million.
Taking into account of the final single-tier dividend of 46.0 sen per ordinary share approved in this AGM, the total declared dividend for FY2021 is 56.0 sen, which is equivalent to RM171.2 million, an increase of 40% from FY2020 dividends paid. This equivalents to 85.2% of dividend payout ratio versus 75.4% in FY2020.”
On outlook for 2022, Managing Director Stefano Clini commented: “2022 will be another challenging year. Yet, the emergence of another new variant of COVID-19 may become a speedbump to sustaining the strong economic recovery. The escalating commodity prices, further exacerbated by the Ukraine-Russia crisis, will create additional costs pressure and uncertainties.” Clini also added that even though the borders have reopenened, the continued closure of entertainment outlets will limit the recovery in on-trade channel.
In view of the current developments, Clini expressed his confidence that the brewer’s sustained efforts in executing its 2022 priorities within the SAIL’22 strategy will enable it to navigate the uncharted waters in the third year of COVID-19. The Group is committed to delivering growth this year through innovation and premiumisation and to deliver sustainable long-term value creation.
The group said it will continue investing in its flagship brand Carlsberg whilst intensifying the premiumisation in 1664 Blanc, Somersby Cider, Connors’ Stout Porter and Asahi Super Dry. It also plans to introduce alcohol-free brew segment in Malaysia.
Additionally, the Group also shared the expected benefits from the RM110 million capital expenditure (CapEX) for its Shah Alam brewery upgrade, which will modernise its production facilities that delivers higher efficiency. The Group maintains its inclusion as sole brewer among 80 constituents in the FTSE4Good Bursa Malaysia Index since the last review in December 2021 and remains a counter of note within the prestigious MSCI global indices, following its upgrade to ‘AA’ from ‘A’ in the August 2021 review.
