Carlsberg A/S (CABGY) Shareholder/Analyst Call Transcript

SA Transcripts159K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Carlsberg A/S (CABGY) Shareholder/Analyst Call March 16, 2026 11:00 AM EDT Company Participants Henrik PoulsenJacob Aarup-Andersen - Group CEO & Member of Executive Board Conference Call Participants Anders Stubbe ArndalMark JessenMikael Bak Presentation Henrik Poulsen Dear shareholders, welcome to Carlsberg's Annual General Meeting to those of you who are present here today as well as to those of you following the proceedings via webcast. According to Article 23 in the Articles of Association, the AGM is led by a Chairman appointed by the Supervisory Board. And we have asked attorney at law, Anders Stubbe Arndal, to be the Chairman of the AGM. But before passing the floor to Anders, I would like to introduce the people with me on the podium. Next to me, we have the Chairman of the AGM, Anders Stubbe Arndal, then our Group CEO, Jacob Aarup-Andersen; with CFO, Ulrica Fearn and the Vice Chairman of the Board, Majken Schultz. My name is Henrik Poulsen, and I'm the Chairman of the Board. The other members of the Board are all present here today, and they are Magdi Batato, Lilian Fossum Biner, Jens Hjorth, Bob Kunze-Concewitz, Punita Lal and Winnie Ma. They have all been elected by the AGM in 2025. Furthermore, the employees have elected 4 members: Søren Knudsen, [indiscernible], Eva Vilstrup Decker and Ivan Nielsen. And with these introductory remarks, I give the floor to the Chairman of the AGM.

Anders Stubbe Arndal Thank you. Before we start on the actual agenda for today, I'd like to give you a bit of information concerning safety and security. In the case of fire, the alarm will be activated and you will hear a bill. and all the guards will be informed via the museums radio system. Obviously, we haven't planned any exercises today. So if the alarm does sound, we must all get