Established in 1969, Carlsberg Brewery Malaysia Berhad is one of two brewers that are listed on Bursa Malaysia. The company has a business presence in Malaysia and Singapore as well as Sri Lanka via a 25%-owned associate. It owns several well-known beer brands in the region including Carlsberg Danish Pilsner, 1664 Blanc, and Somersby.
The company’s operations were halted twice in the past two years. Further, on-trade outlets including restaurants and food courts that contributed to a big chunk of its revenue faced COVID-19 related restrictions. Nightclubs were among the last to reopen their doors to customers after more than two years of closure.
Here are eight things I learned from the 2022 Carlsberg Malaysia AGM.
1. Revenue remained flat at RM1.8 billion in 2021 amid the challenging and difficult business environment. Carlsberg Malaysia’s brewery operations were suspended for an even longer period at 75 days in 2021, compared to 47 days in 2020 to comply...