Streetbeat News

CABGY

Carlsberg

https://carlsberggroup.com/

CEO

Cees 't Hart

Open

24.29

Mkt cap

17B

Volume

4.2K

High

24.92

P/E Ratio

17.29

52-wk high

29.59

Low

24.29

Div yield

0.03

52-wk low

18.21

Carlsberg A/S (CABGY) held its Q4 2024 earnings call, discussing the company's financial performance and outlook. Key participants included CEO Jacob Aarup-Andersen and CFO Ulrica Fearn.

Portfolio Pulse from

February 06, 2025 | 7:45 pm

Carlsberg shares increased by 4% following a report of 6% growth in annual underlying operating profit, reaching £1.3 billion, which is at the top end of its forecast range. The company anticipates further profit growth of 1% to 5% this year.

Portfolio Pulse from

February 06, 2025 | 9:00 am

Danish brewer Carlsberg reported a slight miss in fourth-quarter sales, with sales reaching 15.72 billion Danish kroner, just below the 15.79 billion expected by analysts. The company also anticipates slower growth in 2025.

Portfolio Pulse from

February 06, 2025 | 7:45 am

Carlsberg is adapting to the trend of reduced alcohol consumption in various markets, as stated by CEO Jacob Aarup-Andersen. The company is pivoting its business strategy to align with changing consumer preferences.

Portfolio Pulse from

January 23, 2025 | 2:15 pm

Carlsberg, a Danish brewer, has faced weak performance due to tough operating conditions. Its acquisition of Britvic is seen as questionable with underwhelming economics.

Portfolio Pulse from

January 08, 2025 | 10:15 am

Carlsberg, a Danish brewer, is considered undervalued and presents a significant upside potential. The company's SAIL strategy focuses on improving sales, margins, and expanding in Asia, which is expected to enhance its market position and profitability. Despite challenges in the sector, Carlsberg's strong fundamentals, conservative leverage, and 3.6% dividend yield make it a solid investment choice.

Portfolio Pulse from

November 26, 2024 | 8:30 am

PepsiCo has waived a clause in its bottling agreement with Britvic, making Britvic a more appealing acquisition target for Carlsberg. This follows Britvic's rejection of a $3.9 billion bid from Carlsberg. The waiver will take effect if Britvic's board recommends and completes an acquisition by Carlsberg. PepsiCo's stock has lost more than 9% in the last 12 months, but shares were trading higher by 1.07% at $169.07 recently.

Portfolio Pulse from Shivani Kumaresan

June 24, 2024 | 3:02 pm

Anheuser-Busch InBev SA (NYSE:BUD) has agreed to transfer its stake in a Russian joint venture to Anadolu Efes, a Turkish partner, without immediate payment. Future compensation will depend on the venture's performance, with the transaction valued between $1.1 billion and $1.3 billion. This divestment is part of a broader trend of European companies leaving Russia due to geopolitical tensions. Carlsberg A/S (OTC:CABGY) and Heineken N.V. (OTC:HEINY) have also exited the Russian market, with Carlsberg's local unit seized by Russia and Heineken selling its business at a loss. BUD shares saw a slight increase of 0.30% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 11:48 am

Carlsberg AS (OTC:CABGY) has terminated its license agreements with Baltika Breweries, ending Baltika's authorization to produce, market, and sell all products under the Carlsberg brand in Russia. This move is in response to the Russian government's temporary seizure of Baltika's management. Carlsberg is exploring all options, including legal measures, to safeguard its employees, assets, and operations in Russia. Carlsberg has decided to fully impair the value of its business in Russia, which will be recognized in other comprehensive income in the full-year accounts and will not impact the income statement.

Portfolio Pulse from Nabaparna Bhattacharya

October 04, 2023 | 4:57 pm

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