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Upgrade of 2018 earnings expectations

As a result of higher-than-expected third-quarter revenue and operating profit, the Carlsberg Group is adjusting its 2018 earnings expectations upwards.

Good progress on our strategic priorities, strong execution of Funding the Journey and a warm summer in Western Europe are the main reasons behind the strong third-quarter performance. Consequently, we now expect: 

  • 10-11% organic operating profit growth (previously high-single-digit percentage growth).

A translation impact on operating profit of around DKK -500m (previously DKK -425m) is assumed, based on the spot rates as at 24 October. 

Other relevant assumptions are: 

Financial expenses, excluding currency losses or gains and fair value adjustments, are expected to be around DKK 800m (unchanged). 

The effective tax rate is expected to be below 29% (unchanged). 

Capital expenditures are expected to be DKK 4.0-4.5bn (previously around DKK 4.5bn). 

Contact

Please address enquiries to:

Director, International and Danish Media

Kasper Elbjørn

Tel +45 4179 1216 Email kasper.elbjorn@carlsberg.com

Vice President, Investor Relations

Peter Kondrup

Tel +45 3327 1221 Email Peter.Kondrup@carlsberg.com