- Carlsberg A/S (OTC:CABGY) Chief Executive Officer Cees ‘t Hart is set to retire after eight years in the role.
- He will leave Carlsberg by the end of Q3 2023 at the latest.
- “Under his leadership, the Group has navigated significant challenges, including the difficult COVID-19 years, the war in Ukraine and the ongoing sale of the Russian business,” said Chair of the Supervisory Board Henrik Poulsen.
- Carlsberg said a search for Hart’s successor is ongoing and plans to make a further announcement in due course.
- In February, Carlsberg said 2023 will be a challenging year as commodity and energy price increases will have a significant impact on cost of sales and logistics costs.
- It also warned that the development of the war in Ukraine and the impact on its business remain highly uncertain.
- Carlsberg then said it expected organic operating profit development of -5% – +5%
- Price Action: CABGY shares closed lower by 0.62% at $28.90 on Monday.
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Simon Property Group Reports Better-Than-Expected Q4 Results, Raises Quarterly Dividend
Simon Property Group reported quarterly FFO of $3.69 per share which beat the analyst consensus estimate of $3.34 by 10.48%. The company reported quarterly sales of $1.53 billion which beat the analyst consensus estimate of $1.36 billion by 12.38% and represents a 9.07% increase over sales of $1.4 billion from the same period last year.
