Central funding and risk management
Carlsberg manages risk and funding for the Group centrally at the level of Carlsberg Breweries A/S. This is done to accomplish financial efficiency, ensure transparency and mitigate structural subordination.
The risk perception is to actively manage exposures and no positions are taken on a purely speculative basis.
Committed to investment grade rating
Carlsberg is committed to maintaining a financial profile in line with investment grade. There is a strong focus on cash flow generation and de-leveraging.
Conservative approach to funding and liquidity
The approach to funding and liquidity is conservative with the clear aim to have ample credit resources available at all times through a combination of committed bank lines and long term loans.
In order to minimize refinancing risk Carlsberg aims at diversifying its funding structure in respect of sources of funding and maturity profile.