Carlsberg Reaffirms Annual Profit Guidance
Danish brewer Carlsberg maintained its annual profit guidance after third quarter sales rose five percent to reach 25.3 billion crowns. The growth helped offset continued weakness in the Chinese market where consumer sentiment remained low.
Insights:
Carlsberg held its full-year profit guidance on Thursday after third-quarter sales reached 25.3 billion Danish crowns ($3.78 billion), matching expectations. The Danish brewer navigated sluggish Asian markets through robust performance across European divisions. Organic operating profit is projected to grow by 4% to 6% over the year.
