Navigating Financial Complexity in the Beverage Industry

Grab a beer and listen to this special episode. We are joined by Pavels Cvetkovs FP&A director at Carlsberg Group who reveals the formula of FP&A at the famous brand. Carlsberg was founded in 1847, has 140 brands, and 30,000 employees – and FP&A is core to their success, says Cvetkovs.

In this episode:

• How my career in the Big Four (and audit) served as “finance military school” 
• Moving from business controller to FP&A
• The essence of Carlsberg – innovation in brewing and sustainability 
• Distinct shareholder structure at Carlsberg run by Carlsberg foundation 
• What’s so special about the beer and beverage industry and our FP&A practices 
• Power of inventory management, sales seasonality, and supply chain and cost planning in brewing 
• Forecasting and planning and achieving highest levels of collaboration 
• FP&A set up and management of 10-20 KPIs at Carlsberg 
• Business partnering as a mindset at Carlsberg 
• Visiting sites in operations at Carlsberg 
• Biggest challenges overcome in budget season
• Refining my financial modeling skills

Follow and connect with Pavels on Linkedin:

https://www.linkedin.com/in/pavels-cvetkovs-471b231a