Feb 12 2025 37 mins 20
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
