01 November, 2023

World: Carlsberg reports third-quarter sales broadly in line with expectations, warns of weaker consumer sentiment in Europe and Southeast Asia

Danish brewer Carlsberg on October 31 reported third-quarter sales broadly in line with expectations but warned that weak consumer sentiment in Europe and Southeast Asia could impact beer markets negatively.

The world's third-biggest brewer said sales rose 0.3% to 20.3 billion Danish crowns ($2.89 billion) from 20.2 billion a year earlier, slightly below an estimated 20.4 billion in a company poll.

"We delivered solid revenue growth in a challenging environment," Carlsberg's new CEO Jacob Aarup-Andersen said in a statement.

"The growth was driven by continued strong revenue per hectolitre improvement and outperformance by our premium portfolio," he said.

Carlsberg reiterated its full-year organic operating profit of 4% to 7% after it hiked its outlook for a second time in August this year.

Carlsberg also on October 31 launched a new quarterly share buy-back program of 1 billion Danish crowns.

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