Carlsberg: raises FY earnings target.
(CercleFinance.com) - Expressing confidence that his "Funding the Journey" program will generate savings of about two billion Danish kronor, Carlsberg has raised its FY earnings target at the group's business update.
The brewer therefore says that it expects a 7%-8% rise in its organic operating profit over the full-year, while it previously only expected “mid-single digit growth”.
However, the Danish group unveiled Q3 2017 sales that were slightly disappointing: at 16.7 billion kronor, sales were down 1% in organic terms, while the consensus was only expecting a 0.3% decline according Liberum.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The brewer therefore says that it expects a 7%-8% rise in its organic operating profit over the full-year, while it previously only expected “mid-single digit growth”.
However, the Danish group unveiled Q3 2017 sales that were slightly disappointing: at 16.7 billion kronor, sales were down 1% in organic terms, while the consensus was only expecting a 0.3% decline according Liberum.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.