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Soft drinks presence strengthens but Carlsberg stays flat in 2025 – results data

Olly Wehring
Last updated: 17/02/2026 at 2:12 PM
By Olly Wehring
4 February 2026
5 Min Read

‘The combination of beer and soft drinks is … unlocking exciting new opportunities for both growth and value creation.’


Carlsberg quarterly sales Q1 2022-Q4 2025 chart

Carlsberg has closed what it has called a “year of delivery” with a flat set of sales results for both the final quarter and for the full 12-month period.

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Sales in fourth quarter - to end of December - flat (-0.4%) at DKK19.13bn (US$3.02bn)Top-line also flat for full-year 2025, at -0.6% - DKK89.09bn ($14.08bn) - on 2% dip in volumesBrand Carlsberg posts 4% volumes lift, Tuborg up 2%Soft drinks accounts for around 30% of group volumesCarlsberg has closed what it has called a "year of delivery" with a flat set of sales results for both the final quarter and for the full 12-month period.The company said today that its top line in the three months to the end of December came in at -0.4% on the corresponding quarter of 2024. For the full year, which

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Olly Wehring
ByOlly Wehring
Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.
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