Carlsberg AS

CARL A

Equity

ISIN DK0010181676 / Valor 460665

Nasdaq Copenhagen Equities (2026-05-22)

DKK 1,045.00%

Carlsberg AS
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About company

Carlsberg AS, founded in 1847 by J.C. Jacobsen, stands as a prominent figure in the global brewing industry. The company has cultivated a diverse portfolio of beer and other beverage brands, positioning itself as a key player in the sector. With a workforce exceeding 30,000 individuals, Carlsberg operates across more than 125 markets worldwide, showcasing its extensive reach and influence in the beverage market. The company's commitment to innovation and quality has enabled it to maintain a competitive edge, ensuring its continued growth and relevance in the industry. While Carlsberg emphasizes its vision of brewing for a better future, its core business revolves around the production and distribution of alcoholic and non-alcoholic beverages, catering to a wide range of consumer tastes and preferences.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Volumes

Reported volume growth was +17.7%, largely reflecting the Britvic acquisition; underlying (organic) volume development was -2.0%, indicating softer organic demand in existing businesses.

Revenue

Reported revenue increased +18.8% year-on-year. On an organic basis revenue was slightly down at -0.6%, so much of the top-line lift is acquisition-driven rather than pure pricing/volume improvement in legacy markets.

Operating profit

Operating profit measured by MPM rose strongly at +22.7%; organic operating profit growth was +5.0%. (MPM = management-defined performance measure adjusted for non-cash PPA amortisation.)

Britvic integration

Management reports the Britvic acquisition is delivering ahead of plan, with synergies realised earlier and at a higher level than originally expected — a key driver of the reported growth.

Shareholder returns

The group returned DKK 3.8bn in total dividend payments for the year, signalling strong cash generation and commitment to returns despite a mixed organic performance.

Outlook & forward-looking statements

Management sets out 2026 earnings expectations but warns forward-looking statements are subject to risks and uncertainties that could materially affect outcomes; investors should treat guidance cautiously.

Summarized from source with an LLMView Source

Key figures

6.20%1Y

-27.9%3Y

-25.6%5Y

Performance

25.3%1Y

34.7%3Y

34.9%5Y

Volatility