Annual Report 2012/2013 Harboes Bryggeri A/S
Highlights for 2012/2013
Consolidated results
-- 2012/13 was a challenging year characterised by difficult market
conditions, special events and ongoing investments in strategic development
activities, all of which affected earnings.
-- Revenue fell by 4.7% to DKK 1,344 million, while sales declined by 12% to
DKK 5.74 million hectolitres.
-- Seasonal fluctuations, price pressure and the weeding-out of unprofitable
contracts had a
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