• The perfect formula for FP&A and Beer – Pavels Cvetkovs at Carlsberg

  • Feb 12 2025
  • Length: 38 mins
  • Podcast

The perfect formula for FP&A and Beer – Pavels Cvetkovs at Carlsberg

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  • Summary

  • 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
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