Carlsberg: H1 results above expectations

(CercleFinance.com) - The Carlsberg B share is up 3.
3% on the OMX today, after the brewer published H1 2019 adjusted net income that is up 15.1% at 2,884 million Danish Kronor (c. 387 million euros), exceeding the consensus by 5.1%.

While maintaining a “hold” rating on the share, broker Liberum says that "The consensus was collected before the company lifted its full-year guidance to high-single-digit organic operating profit growth."

Boasting a solid start to the third quarter, despite a difficult comparison basis, Carlsberg will begin a share share repurchase program of two billion Danish kronor, the second tranche of the program for 4.5 billion Danish kronor announced last February.


Copyright (c) 2019 CercleFinance.com. All rights reserved.