Harboes Bryggeri

Earnings Release • Dec 28, 2015

Harboes Bryggeri A/S

Skælskør, 2015-12-28 09:33 CET (GLOBE NEWSWIRE) --

CEO Bernhard Griese on the interim report:

"We are pleased to have maintained our position and continued to develop our
value-adding collaboration with our large Northern European customers. We also
see continued strong growth in sales of our own brands in the international
markets, and combined these developments ensure satisfactory earnings growth in
H1. We therefore expect the results for the full year to be at the high end of
our previous outlook. Developments in H1 are the result of several years of
targeted investments in the expansion of the group's activities, and we
continue to see an attractive potential for further growth.

Our strategy is to create sustainable organic growth, and the positive
developments in H1 contribute to further increasing the group's robustness in
relation to the total business and financial exposure. This is supported by a
strong cash flow, high cash flow flexibility and solid financial resources,
which create the optimum basis for allowing us to continue to finance the
development of our activities and create value for our shareholders, customers
and employees."

Bernhard Griese

CEO