|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.73 - 22.84|
|52 Week Range||20.57 - 26.00|
|PE Ratio (TTM)||89.26|
|Forward Dividend & Yield||0.53 (2.33%)|
|1y Target Est||N/A|
Yahoo Finance’s Seana Smith sits down with Stoli CEO Hugues Pietrini to discuss Trump’s tariffs, industry consolidation, Stoli’s new cucumber vodka and how the company plans to grow market share in the US.
Product sampling and social media are key marketing strategies at Carlsberg, says Lars Lehmann, MD at Carlsberg Brewery Malaysia.
Pedigreed consumer stocks, such as the country’s third-largest-selling beer, are still likely to see buyers, but capturing anywhere near the 73 times price-earnings multiple of United Breweries Ltd., which makes India’s most-popular Kingfisher brand, will need all the froth the Danish brewer can muster. Among the 13 markets represented by stocks on the iShares MSCI All Country Asia-ex-Japan exchange traded fund, India is the most vulnerable to rising U.S. interest rates, according to a simulation analysis by Patrick Phan, a Bloomberg portfolio analytics specialist. The relative importance of foreign institutional money – the biggest flight risk – has declined. However, Indian interest rates have also started hardening, and that puts market-timing pressure on Carlsberg, which is in the process of setting up its eighth Indian brewery.
Carlsberg A/S is planning a local initial public offering of its Indian business, people with knowledge of the matter said, as it seeks to tap the growing middle class’s increasing thirst for foreign beer. About 3.56 billion liters (940 million gallons) of beer is expected to be sold in India by 2020, up from 3.13 billion liters last year, according to Euromonitor International. It trails Kingfisher owner United Breweries Ltd., which has 39.2 percent, and Budweiser parent Anheuser-Busch InBev NV, which has 23.3 percent.
Strong growth in China for Carlsberg (CARLb.CO) helped to dilute the negative effects of currencies and lower volumes in the Russian market, allowing the Danish brewer to stick to its annual profit forecast. Sales in the first quarter fell 5 percent to 12.70 billion Danish crowns (1.5 billion pounds), below the 12.89 billion crowns forecast in a Reuters poll of analysts. Carlsberg, the world's third-largest brewer behind Anheuser Busch InBev (ABI.BR) and Heineken (HEIN.AS), continued to lose market share in Russia, where it owns the Baltika brand and which accounts for around a fifth of sales.
Attempts by Russia to curb alcohol abuse, including limiting the size of plastic beer bottles, hit sales of Danish brewer Carlsberg (CARLb.CO) and pushed its 2017 profit well below analysts' expectations. Carlsberg has struggled in Russia, its main Eastern European market, since it took control of the country's largest beer brand Baltika in 2008 due to a weak economy as well as advertising restrictions and tax hikes designed to curb drinking. Russia provides around a fifth of Carlsberg's sales.
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg says its profits and sales fell last year, partly because of weakness in its key Russian market, where a law limited the maximum size of plastic bottles.
Danish brewer Carlsberg has edged closer to reaching an agreement with the Vietnamese government to increase its stake in Habeco, one of Vietnam's biggest brewers, which it hopes will speed up the process. Vietnam has one of the world's most attractive beer markets and the biggest in Southeast Asia, buoyed by a young population that consumed nearly 4 billion litres last year. The government wants to fully divest its majority stake in Habeco and also in rival Sabeco.
COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg says sales dropped slightly in the third quarter, but was still upgrading its full year outlook although it continued losing market share in its biggest market Russia.
COPENHAGEN (Reuters) - Danish brewer Carlsberg (CARLb.CO) said on Thursday third-quarter sales slipped more than expected, but it lifted its operating profit guidance for 2017. The company said in a trading ...
Heineken (HEIN.AS) is betting on Formula One to help it reclaim the title of leading global lager from Budweiser, a strategy that depends on broadening the sport's appeal in Asia and persuading fans to pay more for their beer. Heineken has grown strongly in Asia over the past five years, but the sales boost was driven by its cheaper Singapore-based Tiger beer brand rather than its higher-margin namesake lager, which it promotes at the Grand Prix. Asian drinkers have also turned to its cheaper rivals Budweiser and Tuborg.
Carlsberg is keen on expanding its stake in Habeco , one of Vietnam's biggest brewers, to at least 51 percent, a local news website reported, citing a Habeco executive. Vietnam plans to privatize Habeco ...
Categories: Yahoo FinanceGet free summary analysis Carlsberg A/S reports financial results for the half-year ended June 30, 2017. We analyze the earnings along side the following peers of Carlsberg A/S – Anheuser-Busch InBev SA/NV Sponsored ADR, Boston Beer Company, Inc. Class A, Heineken NV Sponsored ADR, Kirin Holdings Company, Limited Sponsored ADR, Molson Coors Brewing Company Class ... Read more (Read more...)
European stocks closed higher on Wednesday afternoon, as geopolitical tensions in the Korean peninsula eased and investors waited braced for the release of minutes from the last Federal Reserve meeting.
HELSINKI (AP) — Danish brewer Carlsberg says its profits rose in the first six months of the year, despite a decline in consumption in the key eastern European market, particularly Russia.
Danish brewer Carlsberg A/S left its full-year profit forecast unchanged and warned of a tougher third quarter, disappointing investors after first-half earnings clearly beat estimates.