FP&A Today
FP&A Today
Glenn Hopper
The perfect formula for FP&A and Beer – Pavels Cvetkovs at Carlsberg
37 minutes Posted Feb 12, 2025 at 10:34 am.
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Show notes
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