The Copenhagen-based group now says it expects organic growth in operating profit of 5% to 10% over the full year, whereas it previously forecast a change between -1% and +7%, without taking into account from Ukraine.
In its press release, Carlsberg specifies that its new forecasts integrate the impact of the war in Ukraine, which had led it to suspend its production in the country, before partly resuming it in the spring.
On the operational level, the group justifies its increase in objectives by a performance better than expected, in particular thanks to the recovery of consumption in cafés and restaurants in Europe and by solid results in a good number of Asian countries.
According to him, this vigor of the activity allowed him to more than compensate for the increase in the cost of raw materials and energy.
On the stock market, Carlsberg shares fell 1% this morning after gaining 1.5% on Monday evening in the wake of these announcements.
‘Note that all European consumer goods groups have done significantly better than expected during this earnings season,’ commented analysts at Royal Bank of Canada.
‘Good results from Carlsberg were therefore anticipated,’ adds RBC.
The beer producer plans to publish its quarterly accounts on Wednesday, August 17.
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