Harboes Bryggeri

Management Reports • Dec 23, 2013

Harboes Bryggeri A/S

Skælskør, 2013-12-23 15:49 CET (GLOBE NEWSWIRE) --

CEO Bernhard Griese on the interim report:

“The second quarter developed positively with growth in both revenue and
earnings, and we are excited to see the strategic initiatives we are working on
starting to manifest themselves in the income statement. In Northern Europe,
which is our largest market, competition remains fierce and the pressure on
prices is equally strong, but we maintain our position and are expanding our
relations with both new and existing customers. Our international activities
are developing positively, reflecting a platform that continues to grow
stronger and nice growth rates – in spite of a number of our markets in the
Middle East and Africa being affected by significant challenges brought on by
political turmoil and conflicts.

We expect that the strategic initiatives being introduced and the investments
being made these years within both drinks products and malt-based ingredients
will increasingly contribute to the group’s development and results. We are
focusing on growth segments and markets, and with our strong and highly
motivated organisation at our back, we are solidly positioned to take our share
of this growth potential.”

Bernhard Griese

CEO