CARL-B.CO - Carlsberg A/S

Copenhagen - Copenhagen Real Time Price. Currency in DKK
999.20
-0.40 (-0.04%)
As of 2:22PM CEST. Market open.
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Previous Close999.60
Open1,003.50
Bid998.60 x 0
Ask999.20 x 0
Day's Range998.00 - 1,010.00
52 Week Range685.40 - 1,021.50
Volume47,529
Avg. Volume302,516
Market Cap149.053B
Beta (3Y Monthly)0.66
PE Ratio (TTM)25.83
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield18.00 (1.78%)
Ex-Dividend Date2019-03-14
1y Target EstN/A
  • Carlsberg profits jump due to craft beer sales
    Yahoo Finance Video

    Carlsberg profits jump due to craft beer sales

    Danish brewery Carlsberg reported a rise in revenue for Craft Beer sales for the first half of the year amid strong growth in Asia. Yahoo Finance’s Oscar Williams-Grut joins On the Move to discuss.

  • Carlsberg CEO Has a Warning for His Peers About Negative Rates
    Bloomberg

    Carlsberg CEO Has a Warning for His Peers About Negative Rates

    (Bloomberg) -- The man running Carlsberg A/S says he won’t be “seduced” by negative interest rates as others take advantage of historically cheap credit to pay for expansion.Cees ’t Hart, the chief executive officer of the Danish brewer, says the worry is that companies that succumb to the temptation to issue debt just because it’s cheap could end up with balance sheets they can’t afford.“The moment you get seduced by low rates and companies feel like they have to use them to do very big things -- maybe bigger than they can absorb -- they have to remember they all have to pay the bill later,” Hart said in a phone interview.“There are many companies that have been a lot more aggressive than we have who have then gotten into problems afterwards,” he said.Globally, almost $17 trillion of bonds now trade at negative yields as investors have fled risk. Nestle SA on Aug. 13 became the first company to have 10-year euro debt yielding below zero. In Carlsberg’s home country of Denmark, which has the world’s largest covered-bond market, a bank made history this month when it offered the first ever 10-year mortgage at a negative rate.Since Hart joined Carlsberg in 2015, the company has focused on cutting its debt and reducing costs, a strategy that has included abstaining from major acquisitions. Meanwhile, competitors like Anheuser-Busch InBev NV have gained market share after a series of big takeovers over the past decade. The last time Carlsberg spent a large sum on a takeover was when it bought Scottish & Newcastle Plc in 2008 for roughly $8.5 billion, under Hart’s predecessor.“Carlsberg has lowered its leverage significantly in recent years,” Brian Borsting, a credit analyst at Danske Bank, said in a note. The brewer’s decision last week to extend its share buyback program is “slightly credit negative” but it also “indicates that Carlsberg doesn’t plan larger bolt-on acquisitions near term,” he said.What Bloomberg Intelligence Says: “Carlsberg can invest its cash flow in M&A, having stabilized its balance sheet, restored the dividend payout to 50% and initiated a 4.6 billion-kroner share buyback program. Add-on deals wouldn’t breach its 2x net debt-to-Ebitda ratio target, while a strategic tie-up with Habeco would double net debt, but boost growth, if it succeeds.”----Duncan Fox, consumer products senior industry analystClick here to view the researchCarlsberg, which in June sold 10-year bonds at a 0.875% coupon, has net debt of 1.33 times its Ebitda, down from a gearing level of 2.74 times in 2014. The CEO said he’d like that ratio to stay at around 1.5 times. “We want to be a bit conservative.”While Hart won’t pursue large takeovers at the moment, he said he’s still interested in increasing Carlsberg’s stake in Hanoi-based Habeco. Talks with the Vietnamese government have been on for some years now.“When we’re talking about Habeco we can easily finance that ourselves” using cash flow, the CEO said. “Of course, at the moment rates are low and that makes things easier, but the thing with interests rates is that they can go up as well again.”(Adds Bloomberg Intelligence comment.)To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.netTo contact the editor responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Carlsberg (CPH:CARL B) Using Too Much Debt?
    Simply Wall St.

    Is Carlsberg (CPH:CARL B) Using Too Much Debt?

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

  • Financial Times

    Carlsberg: probably not

    In the UK Carlsberg has publicly reversed out of a famous advertising claim of making “probably” the best beer in the world. It still has a great recipe for profitable brewing, even in flat European markets. Chief executive Cees ’t Hart has overseen a turnround at the Danish brewer since taking over in 2015.

  • Premium brews in Asia stoke Carlsberg's half-year sales
    Reuters

    Premium brews in Asia stoke Carlsberg's half-year sales

    Asia, the brewer's fastest-growing region, saw organic net revenue growth of 15%, lifted by 8.5% volume growth and increased sales of premium brands, despite a slight decline in China and a 3 percent volume slide in Russia, its top markets. Just last week, Carlsberg raised its expectations for organic operating profit to "high-single-digit" from "mid-single-digit" percentage growth and said it had achieved a strong operating margin improvement. Carlsberg has shifted its focus from cost-cutting to revenue growth, especially by selling more of its pricier brands.

  • Carlsberg Gains as Growth in Craft Beer Unit Lifts Profit
    Bloomberg

    Carlsberg Gains as Growth in Craft Beer Unit Lifts Profit

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Carlsberg A/S got a further boost from craft beers such as London Fields Brewery in the first half, with a 17% sales gain from its specialty division fueling profit growth that’s lifting the shares.Net profit rose 25% in the period, the Danish company said Thursday, after it raised its full-year outlook last week. The shares rose as much as 4.9% in Copenhagen, bringing the increase this year to more than 40%.“All our key growth priorities –- craft & specialties, alcohol-free brews and Asia -– delivered good growth,” the company said in a statement.The latest update shows that Chief Executive Officer Cees ’t Hart’s focus on boosting sales is paying off. Along with craft brews, high-end brands such as Grimbergen and Jacobsen ales are driving growth, after several years in which the CEO concentrated on cutting costs.The strength of the first half suggests a further upgrade is possible later in the year, Jefferies analyst Edward Mundy said in a note. The brewer needs no growth in the latter six months to meet its guidance, and Carlsberg pointed to “solid start” to the third quarter.Carlsberg and industry giant Anheuser-Busch InBev NV are outperforming rival Heineken NV, which lagged behind in the most recent period.Carlsberg is also starting the second stage of a previously announced share buyback, planning to repurchase 2 billion kroner ($300 million) of its stock.\--With assistance from Albertina Torsoli.To contact the reporters on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net;Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Christian Wienberg, Tasneem Hanfi BröggerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Carlsberg Soars After Lifting Outlook on Craft Beer Growth

    (Bloomberg) -- Carlsberg A/S surged the most in a decade after the Danish brewer raised its full-year earnings outlook, helped by demand for its pricier craft beers.Following an initial focus on cutting costs, Chief Executive Officer Cees ’t Hart is switching gears to drive more revenue from more exclusive beer brands such as Grimbergen. The shares rose as much as 12% Thursday in Copenhagen, their biggest intraday gain since 2009. Budweiser maker Anheuser-Busch InBev NV gained as much as 2.3%.Read this: ‘More Dependable’ Carlsberg Gaining Analyst FavorAs demand for mass-market lagers slows in the developed world, Carlsberg has sought more growth from its specialty and craft division that includes London Fields brews, acquired two years ago, and Jacobsen ales. Investments in countries such as Cambodia have also brought more control over sales and marketing in emerging markets.The strategy is working: the company said it now sees organic operating profit rising at a high single-digit percentage rate, after previously forecasting growth in the mid-single-digits. Carlsberg joins AB InBev in reporting a positive performance, in contrast to rival Heineken NV, which lagged behind in the most recent period.What Bloomberg Intelligence Says“The strategy focusing on premium and craft brews continues to deliver improved volume and earnings, despite Europe’s poor early summer weather.”\-- Duncan Fox, consumer products analystClick here to read the pieceCarlsberg has increased its profit forecast at least once in each year since 2016, the year after the start of ‘t Hart’s tenure. The company said it will report first-half results on Aug. 15.(Updates with forecast history in final paragraph)To contact the reporter on this story: Thomas Buckley in London at tbuckley25@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, John LauermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-China respite spurs strong bounce in European shares

    European shares had their best day in almost two months on Thursday as upbeat trade data from China and a steadying of its currency helped to calm some fears of recession and a further escalation in Sino-U.S. trade tensions. The pan-European STOXX 600 index rose for a second day, closing 1.7% higher, swept up in a global rally after days of turmoil sparked by an escalation in U.S.-China trade tensions last week. Data showed July exports in China rose at their fastest since March, while a fall in imports was not as bad as a forecast, soothing worries that the protracted and escalating trade war will tip the world into recession.

  • At ø907, Is It Time To Put Carlsberg A/S (CPH:CARL B) On Your Watch List?
    Simply Wall St.

    At ø907, Is It Time To Put Carlsberg A/S (CPH:CARL B) On Your Watch List?

    Let's talk about the popular Carlsberg A/S (CPH:CARL B). The company's shares saw significant share price movement...

  • Why Carlsberg A/S's (CPH:CARL B) High P/E Ratio Isn't Necessarily A Bad Thing
    Simply Wall St.

    Why Carlsberg A/S's (CPH:CARL B) High P/E Ratio Isn't Necessarily A Bad Thing

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • Does Carlsberg A/S (CPH:CARL B) Have A Place In Your Dividend Portfolio?
    Simply Wall St.

    Does Carlsberg A/S (CPH:CARL B) Have A Place In Your Dividend Portfolio?

    Today we'll take a closer look at Carlsberg A/S (CPH:CARL B) from a dividend investor's perspective. Owning a strong...

  • Is Carlsberg A/S (CPH:CARL B) Trading At A 35% Discount?
    Simply Wall St.

    Is Carlsberg A/S (CPH:CARL B) Trading At A 35% Discount?

    How far off is Carlsberg A/S (CPH:CARL B) from its intrinsic value? Using the most recent financial data, we'll take a...

  • Reuters

    Green demands force European brewers to raise their drinks game

    European brewers expect they will need to tell more demanding drinkers as much about the environmental impact of a beer as its taste in the next decade as Europe enforces pollution laws. The European Union has brought in waste management laws and banned single-use plastics in the last 12 months, as well as setting limits on carbon emissions from trucks, while Green parties gained in last month's European Parliament election.

  • Reuters

    Norway's KLP bans alcohol, gambling investments from pension funds

    KLP, Norway's largest pension fund, will no longer invest in gambling companies and alcohol makers, and recently sold stocks and bonds in such firms worth some $320 million, it said on Tuesday. The decision ...

  • Does Carlsberg A/S (CPH:CARL B) Create Value For Shareholders?
    Simply Wall St.

    Does Carlsberg A/S (CPH:CARL B) Create Value For Shareholders?

    Today we'll look at Carlsberg A/S (CPH:CARL B) and reflect on its potential as an investment. In particular, we'll...

  • Reuters

    Carlsberg extends sponsorship deal with Liverpool FC

    Danish brewer Carlsberg said on Thursday it had agreed with Liverpool FC to extend its sponsorship deal with the soccer club until the 2023-24 season, marking the longest running partnership in England's Premier League. Liverpool, which ended second behind Manchester City in the domestic English league this season and will play Tottenham Hotspur in Europe's Champions League final next week, has been sponsored by Carlsberg since 1992. "The relationship between Carlsberg and Liverpool FC is iconic, and we're extremely proud to have been a part of the family for over a quarter of a century," said Jessica Spence, Carlsberg's Chief Commercial Officer.

  • What Should You Know About Carlsberg A/S's (CPH:CARL B) Earnings Trend?
    Simply Wall St.

    What Should You Know About Carlsberg A/S's (CPH:CARL B) Earnings Trend?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Reuters

    Carlsberg first-quarter sales beat estimates on Asian market boost

    Danish brewer Carlsberg on Thursday reported a 9 percent jump in first-quarter sales, partly buoyed by Asian drinkers switching to more expensive beers. Positive currency movements and an acquisition in Cambodia also helped the world's third-largest brewer, behind Anheuser Busch InBev and Heineken, grow Asian sales by 28 percent year-on-year in the first quarter ended March, it said. Carlsberg has taken major cost-cutting measures since Hart took over in 2015, intended to help redress a decade of weakness in its key market Russia.

  • Simply Wall St.

    Update: Carlsberg (CPH:CARL B) Stock Gained 58% In The Last Five Years

    These days it's easy to simply buy an index fund, and your returns should (roughly) match the market. But you can do a lot better than that by buying good quality businesses for attractive prices. For example, the Carlsb...

  • Reuters

    AB InBev enrols Citi, BAML to work on $5 bln Asia IPO -sources

    Anheuser-Busch InBev has enlisted Citigroup and Bank of America Merrill Lynch (BAML) to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters. "There is, however, no decision as to whether we might undertake an IPO or any other potential transaction relating to our Asia Pacific business," AB InBev said, adding it was committed to being a long-term investor in the region.