Carlsberg slips after H1 profit miss in tough market environment

Heineken Holding NV

14/08/2025 08:13

** Shares in Carlsberg CARLb.CO fall 4.8% after the Danish brewer missed forecasts for H1 numbers, while warning of difficult consumer environment ahead

** Carlsberg posts its H1 adjusted EBIT at 7.23 billion Danish crowns ($1.13 billion), against 7.35 billion expected by analysts on average

** "We don't expect the consumer environment to improve over the remainder of the year", CEO Jacob Aarup-Andersen says

** Carlsberg has continued the trend set by ABI ABI.BR and Heineken HEIN.AS of underwhelming 1H results, RBC says

** "We had hoped that Carlsberg might buck the trend given its heavy European weighting, but sadly not", the broker adds, pointing to weak performance in Asia

** Share on track for its worst day since June 21, 2024, when it closed 9.3% lower

** Up to the previous session's close, shares were up 17.6%​ YTD

($1 = 6.3836 Danish crowns)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))