London (Reuters) – Danish brewer Carlsberg reported on a 6% increase in organic operating profit Thursday in 2024, which corresponds to the upper part of his forecast range, and said they plan 1% to 5% for the current year.
Carlsberg, the third world breaker behind Anheuser-Busch Inbev and Heineken, also announced an annual turnover slightly higher than the forecasts, although the volumes were lower than the expectations of the analysts.
These figures are welcomed Thursday on the Copenhagen Stock Exchange, where the group’s action takes 5% at 9:24 am GMT.
RBC analysts consider that Carlsberg’s results for 2024 are welcome in a difficult context for the sector.
The French group Pernod Ricard lowered its prospects for annual turnover on Thursday and in the medium term due to a difficult macroeconomic environment and increased geopolitical uncertainties, while Diageo, the world’s leading manufacturer of spirits, gave up on Tuesday to its objective of organic growth in medium -term sales.
The Danish group, which produces brands such as Kronenbourg 1664, Tuborg and the Somersby cider, said he was satisfied with its results given a “difficult environment” on the main markets, which has had an impact on the growth of volumes.
He highlighted the strong growth of its high -end brands portfolio in markets such as China, a comment that should be well received by investors after the slowdown in economic growth has led consumers to the largest Carlsberg market to turn away from more expensive beers.
For the current year, Carlsberg plans a “relatively stable” consumption environment, but warns that uncertainty about the feeling of consumers persists in Asia and Europe.
(Written by Emma Rumney, with Antonis Pothitos, Diana Mandiá, edited by Augustin Turpin)
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