Carlsberg, the Danish brewing giant, has revised its profit guidance for the entirety of the year, citing a robust business performance during the first half of 2023.
Ranked as the world’s third-largest brewer, Carlsberg now anticipates organic operating profit growth for the current year to range between 4% and 7%. This adjustment represents an enhancement from the previous forecast, which spanned from a potential decline of 2% to an increase of 5%.
In an official statement, the company noted, “Based on solid business performance year to date and our expectations for the remainder of the year, we are upgrading our full-year earnings expectations for 2023.”
During the initial six months of the year, Carlsberg observed a substantial organic sales growth of 11%, accompanied by a modest increase of 5.2% in organic operating profit.
In response to the upwardly revised projection, Carlsberg’s shares experienced a 1.6% surge during the week, outperforming the broader Copenhagen benchmark index, which registered a decline of 0.7%.
This upward adjustment in profit forecast underscores Carlsberg’s resilience and adaptability in navigating market dynamics, reflecting positive trends in the brewing industry and the company’s strategic initiatives.
