(News Bulletin 247) – Carlsberg announced on Thursday a turnover higher than the consensus for the first quarter and raised its annual profit target in favor of a decline in the uncertainties which hitherto weighed on its activity.
The quarterly turnover of the Danish brewer increased by 8% to 16.4 billion Danish crowns over the first three months of the year, above the consensus which gave it at 15.9 billion.
In its point of activity, the Copenhagen group indicates above all that the factors which penalized its activity until now have largely dissipated.
It notes, in particular, that the effect of its price increases allows it to offset inflationary pressures and also takes note of the recovery of the Chinese market following the Covid epidemic.
Under these conditions, Carlsberg says it now projects an evolution of its annual operating profit between -2% and +5%, and no longer between -5% and +5%.
At 11:45 a.m., its action gleaned 0.7% on the Copenhagen Stock Exchange, signing a less pronounced performance than that of the OMXC25 index, which rose 1.5% at the same time.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
