Carlsberg Group (CARL) AGM 2026 summary

Opening remarks and agenda

• AGM convened in accordance with legal and statutory requirements, with 93% of votes represented and a detailed agenda covering financials, governance, and elections.

• Introduction of board members, executive committee, and AGM procedures, including safety and participation guidelines.

Financial performance review

• Revenue reached DKK 89.1 billion, up 19% year-on-year, driven by Britvic acquisition.

• Operating profit (adjusted) was DKK 14 billion, up 22.7%; net profit (adjusted) DKK 8 billion, up 11%.

• Free cash flow was DKK 7 billion; net interest-bearing debt rose to DKK 61.6 billion due to Britvic.

• Dividend of DKK 29 per share proposed, a 7% increase, totaling DKK 3.8 billion.

• Special items reached DKK 1.9 billion, mainly from Britvic integration and restructuring.

Board and executive committee updates

• Supervisory board and executive committee evaluated for performance and diversity; equal gender representation achieved among AGM-elected members.

• Board remuneration increased by 3% to DKK 502,000; executive remuneration policy amended to allow higher CEO bonus.

• Remuneration policy and report approved, with ongoing focus on aligning incentives with shareholder interests.