|Bid||891.60 x 0|
|Ask||891.80 x 0|
|Day's Range||872.40 - 895.60|
|52 Week Range||650.20 - 1,064.50|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||20.49|
|Forward Dividend & Yield||21.00 (2.41%)|
|Ex-Dividend Date||Mar 17, 2020|
|1y Target Est||733.86|
Transactions during 18 - 20 May On 4 February 2020, Carlsberg A/S announced a share buy-back programme, as described in Company Announcement No. 5/2020. The programme is.
Marston's, which has had to shut all its pubs due to the coronavirus crisis, said the partnership values its brewing business at up to 580 million pounds ($706.03 million) and Carlsberg UK's brewing business at 200 million pounds. Carlsberg Marston's Brewing Company, the joint venture, would deliver annual cost savings of around 24 million pounds, expected by the end of the third year following the completion of the deal, Marston's said.
(Bloomberg) -- Carlsberg A/S stepped up the challenge to rivals Anheuser-Busch InBev NV and Heineken NV in the U.K. by forming a joint venture with pub operator Marston’s Plc to pool ownership of their brewing assets.The Danish brewer will own a 60% stake in Carlsberg Marston’s Brewing Co., with Marston’s owning the rest and receiving a cash payment of as much as 273 million pounds ($330 million), the companies said Friday. The deal values Marston’s brewing assets, which include the Hobgoblin and Lancaster Bomber brands, at 580 million pounds, and Carlsberg’s U.K. brewing assets at 200 million pounds.“The joint venture’s brand portfolio will allow us to offer a significantly stronger beer portfolio to our U.K. customers,” Carlsberg Chief Executive Officer Cees ‘t Hart said in a statement.Even before the coronavirus outbreak, U.K. pubs were struggling. The lockdown and the prospect of continued social distancing when they reopen have left watering holes with an uncertain future. Big brewers, meanwhile, have been under pressure from the rise of craft beer and weak consumption trends in developed markets.The deal is the latest transaction in the U.K. hospitality sector seeing pub operators take a step back from their brewing operations to focus on running their bars. Last year, pub owner Fuller, Smith & Turner Plc sold all of its brewing assets to Japanese beermaker Asahi Group Holdings Ltd.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Pub group Marston’s and the UK arm of Carlsberg will combine their brewing arms to form a £780m business that will allow the two companies to merge operations and save costs. Marston’s will have a 40 per cent stake in the joint venture, while Carlsberg will own the remaining 60 per cent. Carlsberg’s share price remained largely flat.
Apr.30 -- Carlsberg A/S Chief Executive Officer Cees 't Hart talks about rising demand in China and the changing drinking habits of consumers because of the coronavirus pandemic. He speaks on "Bloomberg Markets."
Carlsberg said on Thursday worse is still to come after a 7% decline in first quarter sales, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown. The world's third biggest brewer after Anheuser Busch InBev and Heineken said it saw signs of recovery in its biggest market China, where smaller outlets had reopened, after volumes fell by a fifth in the first three months. "We see some pockets of demand in bars and restaurants, but in general it's a relatively slow recovery in China," Chief Executive Cees t'Hart told Reuters.
Highlights Organic revenue decline of 7.4%; reported decline of 6.8% to DKK 12.9bn (currencies: +0.6%). Organic revenue development in Western Europe -6.9%, Asia -12.4% and.
At the Annual General Meeting of Carlsberg A/S on 16 March 2020, the shareholders decided to reduce the Company’s share capital from DKK 3,051,136,120 to DKK 2,963,136,120 by.
Carlsberg <CARLb.CO> said on Thursday it has expanded its cost-cutting programme and suspended outlook as beer drinkers under lockdown in key European markets opt for cheaper beers. The world's third biggest brewer said that while sales at bars and restaurants in Western Europe were severely impacted as many countries were in lockdown, sales at supermarkets were less affected. With most bars and restaurants closed across Europe to tackle the coronavirus pandemic, grocery sales have spiked to record highs in some countries as shoppers under lockdown stock up on essentials.
Carlsberg has decided to suspend guidance for the year due to the significantly increased uncertainty of the COVID-19 pandemic to business performance, following recent additional government interventions in some of our key markets. During this very unpredictable time, our key priorities are the health and safety of our employees and societies at large, as well as protecting the commercial and financial health of our business.
To the annoyance of some shareholders, Carlsberg (CPH:CARL B) shares are down a considerable 31% in the last month...
The Annual General Meeting of Carlsberg A/S took place today Monday, 16 March 2020. The General Meeting approved the following: • The Annual Report 2019 as well as the.
Carlsberg is looking to resolve a commercial dispute with its joint venture partner in India, an executive said on Monday, amid an internal probe into the firm's local sales practices that sparked a boardroom battle and concerns from its auditor. Global auditor PwC's local affiliate recently declined to give an opinion on Carlsberg's 2018-19 India results, citing divergent views from three of the brewer's India board members who did not sign-off on the financials, alleging regulatory lapses, a regulatory filing from February shows. Steve Deng, Carlsberg's Corporate Affairs Director for Asia, told Reuters via e-mail that many of the issues were the result of an "unusual and difficult" commercial conflict with its Indian joint venture partner, Nepal-based Khetan Group.
Carlsberg Breweries A/S has today successfully placed 10-year EUR notes for a principal amount of EUR 500m with a coupon of 0.625%. The notes have been issued under the.
When Carlsberg A/S (CPSE:CARL B) announced its most recent earnings (31 December 2019), I compared it against two...
The Annual General Meeting in Carlsberg A/S will take place on Monday, 16 March 2020 at 5.00 p.m. CET at Glyptoteket, 7 Dantes Plads, DK-1556 Copenhagen V. Please find attached.
Last week saw the newest yearly earnings release from Carlsberg A/S (CPH:CARL B), an important milestone in the...
The attached document discloses the data of the transactions made in Carlsberg shares by the Company’s executive directors in accordance with Article 19 of Regulation No..
Carlsberg A/S 2019 Annual Report and Sustainability Report have just been published and are attached below. The reports can also be downloaded from the Carlsberg Group’s.
Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg's biggest market, but the Danish brewer said on Tuesday it was not changing its forecast or strategy for China as a result of the coronavirus outbreak.
FINANCIAL STATEMENT AS AT 31 DECEMBER 2019 Highlights Organic revenue growth of 3.2%; reported revenue growth of 5.4% to DKK 65,902m. Price/mix improvement of +3%;.
Twelve leading beer, wine and spirits companies have pledged to put clear age-restriction labels on their drinks and set tighter controls on access to their online content in a bid to reduce underage drinking. The International Alliance for Responsible Drinking (IARD), which includes Anheuser-Busch InBev, Diageo and Pernod Ricard, say age-restriction symbols or wording would be in place in all markets by 2024. The labels would also extend to alcohol-free versions of established brands.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...