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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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