Denmark's Carlsberg FY revenue up 18.8% on Britvic acquisition

Carlsberg A/S

04/02/2026 07:07

Overview

Denmark brewer's reported revenue grew 18.8%, driven by Britvic acquisition

Organic operating profit grew 5%, aided by cost efficiencies and Britvic synergies

Company proposes 7% dividend increase to DKK 29 per share

Outlook

Carlsberg expects 2026 organic operating profit growth of 2-6%

Company anticipates DKK -100m translation impact for full year 2026

Carlsberg sees Britvic synergies ahead of plan, boosting future growth

Result Drivers

BRITVIC ACQUISITION - Strong reported volume growth driven by Britvic acquisition

COST EFFICIENCIES - Organic operating profit growth positively impacted by cost efficiencies and Britvic synergies

GROWTH CATEGORIES - Organic growth in premium beer, soft drinks, and alcohol-free brews contributed to results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EPS
DKK 61
FY Adjusted Net Income
DKK 8.06 bln
FY EBIT
DKK 14 bln
FY EBIT Margin
15.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the brewers peer group is "buy"

Wall Street's median 12-month price target for Carlsberg A/S is DKK1,010.00, about 14.4% above its February 3 closing price of DKK883.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)