Carlsberg: raises FY 2018 targets
(CercleFinance.com) - This Thursday Carslberg group reported H1 2018 revenues of 31 billion Danish kronor (or about 4.
16 billion euros), with organic growth reaching +5.1% relative to the same period in 2017.
Likewise, the group's gross margin improved by 90 basis points to 50.6%. The Danish brewer's operating profit came in at 4.4 billion Danish kronor, with organic growth of 14.2%. Meanwhile, reported earnings reached 2.47 billion Danish kronor (+7.2%).
Boosted by these positive results, Carlsberg Group now expects high single-digit y-o-y growth in operating profit (vs. a previous estimate of around 5%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
16 billion euros), with organic growth reaching +5.1% relative to the same period in 2017.
Likewise, the group's gross margin improved by 90 basis points to 50.6%. The Danish brewer's operating profit came in at 4.4 billion Danish kronor, with organic growth of 14.2%. Meanwhile, reported earnings reached 2.47 billion Danish kronor (+7.2%).
Boosted by these positive results, Carlsberg Group now expects high single-digit y-o-y growth in operating profit (vs. a previous estimate of around 5%).
Copyright (c) 2018 CercleFinance.com. All rights reserved.