Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_Polish


CASTLE MALTING NEWS in partnership with www.e-malt.com Polish
18 August, 2021



Brewing news World: Carlsberg raises full-year earnings forecast on sales above expectations in Q2

Danish brewer Carlsberg raised its full-year earnings guidance on August 18 after reporting second-quarter sales above expectations as beer volumes exceeded pre-pandemic levels.

The world's third-biggest brewer said beer volumes in key markets China and Russia rose to "well above" 2019 levels.

It registered 2% organic growth in overall beer volumes in the first six months of the year compared with the same period in 2019.

Sales in Western Europe were driven by hot weather in June, combined with the European soccer championship and the reopening of bars and restaurants after coronavirus lockdowns.

"Western European markets are reopening, but a reverse trend is going on in Asia, particularly in Vietnam, Laos and Malaysia," Chief Executive Cees 't Hart said on a conference call.

He also warned that while Carlsberg has hedged against rising commodity prices until the end of the year, "significantly higher" costs would hit the company next year, driven by rising prices for aluminium, barley, paper and oil.

Rival Heineken also beat expectations for first-half beer sales when it reported earnings this month but warned of rising costs and the impact of the COVID-19 pandemic on Asian markets. read more

Carlsberg said it now expects operating profit to grow by between 8% and 11% this year, up from its previous guidance of 5-10% growth.

Shares in Carlsberg have risen 17% since the beginning of the year and were trading 2.5% up at 0754 GMT.

Sales between April and June rose 17% to 18.69 billion Danish crowns ($2.94 billion), compared with a 17.97 billion crown forecast in a company-compiled poll of analysts.

The company also launched a 1 billion crown share buyback programme on August 18.





Wstecz



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     Nie      Privacy Policy   





(libra 0.8984 sec.)