Carlsberg has pre-empted its latest results announcement with an upgrade of its profits forecast for this year.
Ahead of tomorrow’s [16 August] figures, for the six months to the end of June, the brewer said today that its sales in the period delivered a year-on-year rise of 11.2%. The increase is only slightly behind Q1’s +14.2% top-line showing.
Also of note are the flat volumes for the year so far, inching up 0.8%.
Subsequently, Carlsberg has revised its expectations for 2023 as a whole, upping its operating profits guidance to between +4% and +7%, ahead of the previous -2%-to-+5% bottom-line forecast.
When reporting the Q1 numbers in late April, Carlsberg warned at the time that, for the rest of 2023, “the impact on volumes and mix from the higher beer prices and continued high inflation in general remains uncertain, particularly in Europe”.
Tomorrow’s announcement represents the final set of results for CEO Cees ‘t Hart, who is retiring at the start of next month. ‘T Hart will be replaced by Jacob Aarup-Andersen.
How will 2023 treat Carlsberg? – CEO Cees ‘t Hart speaks exclusively to Global Drinks Intel
