Carlsberg A/S
OTC Pink - Limited Information:CABGY

  • LAST PRICE
    21.8100
  • TODAY'S CHANGE (%)
    0.1200 (0.5533%)
  • Bid / Lots
    20.5200/ 1
  • Ask / Lots
    30.0000/ 1
  • Open / Previous Close
    21.6799 / 21.6900
  • Day Range
    21.6200
    21.8200
  • 52 Week Range
    21.6200
    29.5900
  • Volume
    128,632

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  • Oct 31, 2024

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    • 4:34AM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: CABGY

      0834 GMT - Despite Carlsberg's weak 3Q, the stock is up due to a sharp price fall yesterday and the absence of big misses in its results, Citi analysts say. The Copenhagen-based brewer reported disappointing sales volumes. Organic sales growth also fell short of expectations. However, the 6% drop in volumes in China was better than some investors feared, they say. Carlsberg's share performance is likely to improve through year-end given the current share price weakness, backed guidance and the fact that the company's headwinds are already well-known, they add. Shares are up 0.7%, but down more than 10% since the start of 2024. (michael.susin@wsj.com)

    • 4:02AM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: CABGY

    • 3:00AM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: CABGY
      By Michael Susin Carlsberg missed both revenue and sales volumes expectations for the third quarter due to a poor performance in some countries such as China, but reiterated its full-year guidance. The Copenhagen-based brewer on Thursday said revenue came in at 20.48 billion Danish kroner ($2.98 billion) compared with 20.29 billion kroner reported the same period a year ago. This compares with the company-provided market expectations of a rise to 20.675 billion kroner. Revenue grew organically 1.3%, with positive contribution from Central and Eastern Europe and India markets. Sales volume decreased 0.2% to 35.0 million hectoliters, as the company flagged a challenging consumer backdrop. This compares with the company-provided market expectations of 35.3 million hectoliters. Volumes of the premium beers segment fell 0.5%, while non-alcoholic brews sales increased 6%. "It was a tough quarter, impacted by a challenging consumer environment and weather. Nevertheless, we delivered volume and revenue growth in the majority of our markets, although lower volumes in China, France and the U.K. impacted overall group performance," Chief Executive Jacob Aarup-Andersen said. Carlsberg said it continues to expect organic growth in operating profit for 2024 of between 4% and 6%. Write to Michael Susin at michael.susin@wsj.com (END) Dow Jones Newswires October 31, 2024 03:28 ET (07:28 GMT)

  • Oct 29, 2024

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    • 12:26PM ET on Tuesday Oct 29, 2024 by Dow Jones
      Companies Mentioned: CABGY

      1626 GMT - Carlsberg is forecast to report a lackluster 3Q update reflecting well-flagged headwinds, Citi's analysts say. A performance in line or marginally better than expectations could however lift the stock given recent underperformance. The Copenhagen-based brewer's sales volumes are expected to grow 1.0% organically, compared to a market consensus of 0.4% growth, with beer volumes up 0.5%, the analysts say. Sales volumes in China are expected to be weak, down 5%, mainly due to poor weather in July. Performance in Europe should be affected by poor trading. Carlsberg's 2024 guidance is likely to be reiterated, they say. However, this is unlikely to bring a positive stock reaction as share performance is rather more sensitive to China stimulus news flow. Shares are down more than 7% since the start of 2024. (michael.susin@wsj.com)

    • 8:27AM ET on Tuesday Oct 29, 2024 by Dow Jones
      Companies Mentioned: CABGY

      By Dominic Chopping

      Carlsberg is scheduled to report a third-quarter update on Thursday. Here is what to watch:

      REVENUE FORECAST: The Copenhagen-based brewer is expected to report a 1.9% rise in sales to 20.68 billion Danish kroner ($3 billion), according to a company-compiled consensus. Carlsberg doesn't disclose any further financial information in its quarterly trading statements.

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