Carlsberg up after soft drinks drive Q1 beat

Carlsberg A/S

29/04/2026 08:10

** Shares in Carlsberg CARLb.CO rise 3.8% after the Danish brewer posts forecast-beating Q1 revenue and volumes and affirms its 2026 guidance

** Q1 revenue came in at DKK 20.72 billion ($3.24 billion), a little above analyst expectations for DKK 20.63 billion

** Jefferies says soft drinks (+10%) drove the beat, pointing to the "attractiveness of the multi-beverage model as Carlsberg becomes the anchor Pepsi bottler in Europe"

** The brewer reiterates its outlook for 2026 organic EBIT growth of 2-6%, while improving the 2026 FX translation assumption to no impact

($1 = 6.3885 Danish crowns)

 (Reporting by Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))