DENMARK: Carlsberg H1 profits edge up, but Europe problems persist

Most popular

Pernod Ricard Performance Trends 2015-2019

Diageo Performance Trends 2015-2019 - data

Major spirits brands dodge the US tariff bullet

just-drinks speaks to Comite Champagne

Where should wine focus its on-premise efforts?

  • First-half net profits (adjusted) up 4.9% to DKK2.2bn (US$404m)
  • Net sales rise 2.5% to DK32.9bn
  • H1 operating profits up 1.3% to DKK4.1bn
  • Global H1 beer volumes flat; full-year outlook maintained

Market share gains in Asia and Eastern Europe have helped Carlsberg post a rise in first-half profits but on-going challenges in Western Europe dragged on its performance. 


Net profits (adjusted) in the six months to the end of June rose by 4.9% to DKK2.2bn (US$404m), the Copenhagen-headquartered brewer said today (21 August). Net sales in the period were up by 2.5% to DKK32.9bn, while operating profits edged up by 1.3% to DKK4.1bn. 

In Q2, net profits (adjusted) fell by 1.4% to DKK2.14bn. Net sales in the three months rose by 1.6% to DKK19.6bn, while operating slipped by 1% to DKK3.44bn. 

The company pointed to on-going “challenging market conditions” in Western Europe and Russia and a tough comparison on last year's Q2 which included the European Football Championships. 

Group beer volumes were flat. But Carlsberg saw volume growth in Asia and Eastern Europe, which led to market share gains and offset weaker volumes in Western Europe. 

Looking ahead, CEO Jørgen Buhl Rasmussen said: “On the back of the Q2 results and the start of Q3, we're on target to deliver on our 2013 expectations.” The company expects FY operating profits, before special items, of around DKK10bn.  

Shares in Carlsberg were today trading down by 0.27% at DKK562 at 11.20 CET.

To read the company's full statement, click here

Sectors: Beer & cider, Company results

Companies: Carlsberg

Related Content

How did Carlsberg perform in the first half of 2019? - results data

How did Carlsberg perform in the first half of 2019? - results data...

Carlsberg delivers H1 2017 jump but Russia challenges remain - results

Carlsberg delivers H1 2017 jump but Russia challenges remain - results...

Carlsberg H1 2017 by region - results data

Carlsberg H1 2017 by region - results data...

Carlsberg Q1 2018 - results data

Carlsberg Q1 2018 - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..

Forgot your password?