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Carlsberg misses H1 forecasts, warns of difficult year

Carlsberg today missed half-year profit and volume forecasts and warned it did not expect the consumer environment to improve in the rest of 2025, sending the Danish brewer's shares down almost 7% in early trading.

Business • 14 Aug

Carlsberg is the world's third largest brewer behind Anheuser-Busch InBev and Heineken

Carlsberg maintains its full-year outlook

Danish brewer Carlsberg has today reported a "solid" start to the year in China and said it had not seen significant changes in consumer habits across other markets but warned of volatile sentiment.

Business • 29 Apr

Carlsberg sees higher than expected 2025 growth

Carlsberg has today reported annual operating profit growth at the top of its guided range and forecast higher than anticipated growth for 2025, sending the Danish brewer's shares 6% higher.

Business • 06 Feb

Kevin Donnelly, Managing Director of Britvic Ireland, said they are excited to join the Carlsberg Group

Britvic Ireland formally joins the Carlsberg Group

Carlsberg has today announced the completion of its acquisition of Irish soft drinks maker Britvic Ireland, following its purchase of parent company Britvic PLC.

Business • 17 Jan

In July, Carlsberg said it had agreed to buy Britvic for £3.3 billion

UK watchdog clears Carlsberg's acquisition of Britvic

Britain's competition regulator has cleared Carlsberg's deal with soft drinks maker Britvic, saying it would not refer the £3.3 billion transaction for an in-depth probe.

Business • 17 Dec 24

Boxes of Carlsberg beer move along the packing line during the labeling process at the Baltika Breweries in Russia

Russia approves $320m sale of Carlsberg assets

Carlsberg will sell its Russian assets to two longstanding employees of Baltika Breweries, the Danish brewer said today, after a government document seen by Reuters showed Moscow had approved the 34-billion-rouble ($320.75m) deal.

Business • 03 Dec 24

Moscow seized control of Carlsberg's stake in Russia's Baltika Breweries in July 2023 and placed it under 'temporary management'

Carlsberg's Russian assets not under state management

Danish brewer Carlsberg's Russian assets have been removed from a list of Western assets under the management of the Russian state, a presidential decree showed today.

Business • 02 Dec 24

Kevin Donnelly, Managing Director of Britvic Ireland

Britvic's profits rise on strong soft drinks demand

Drinks company Britvic has reported a profit after tax of £125.8m for the 12 months to the end of September, an increase of 1.8% year on year.

Business • 20 Nov 24

Carlsberg said its beer sales volumes fell by 1.3% in the third quarter with declines in China, France and the UK

Carlsberg maintains profit forecast despite lower volumes

Brewer Carlsberg is shifting some of its marketing focus to cheaper brands, it said today, as consumers in major markets bought cheaper beer and in reduced quantities.

Business • 31 Oct 24

Carlsberg has 26 breweries and is the fourth-largest beer company in China with a 9% market share.

Carlsberg shares hit 29-month low

Carlsberg gave a gloomy outlook for the Chinese market where beer drinkers are increasingly opting out of the most expensive brands, prompting its shares to hit their lowest level since March 2022.

Business • 14 Aug 24

Britvic has agreed to be taken over by Carlsberg for £3.3 billion

Britvic recommends sweetened bid from Carlsberg

Carlsberg has agreed to buy British soft drinks maker Britvic for £3.3 billion and buy out UK pub group Marston's from its joint venture with the Danish brewer, in a bid to create a UK beverage company.

Business • 08 Jul 24

Britvic rejected a £3.11 billion takeover proposal from Carlsberg last week

Britvic suspends share buyback after Carlsberg's approach

Britvic said today it would suspend its £75m share buyback in light of Danish brewer Carlsberg's proposal to buy the British soft drinks maker.

Business • 08 Jul 24

The move by PepsiCo could pave the way for Carlsberg to raise its bid for soft drinks maker Britvic

PepsiCo waives bottling clause as Carlsberg eyes Britvic

Carlsberg said today that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a $3.9 billion bid by the Danish brewer was rejected.

Business • 24 Jun 24

Shares in Britvic were trading about 14% higher in London trade today

Britvic rejects sweetened takeover Carlsberg proposal

Soft drinks maker Britvic has rejected a £3.11 billion takeover proposal from Carlsberg Group, the companies said today, the second approach from the Danish brewer it has turned down.

Business • 21 Jun 24

Carlsberg said sales of premium beer brands grew 8% between January and March

Carlsberg says price increases gave solid start to 2024

Danish brewer Carlsberg sold more of its premium beer brands and saw price increases in all its main markets during the first quarter, its CEO said today as the company reported sales slightly above expectations.

Business • 30 Apr 24

Russia took control of Carlsberg's stake in Baltika last July and placed it under 'temporary management'

Russia's Baltika sues Carlsberg subsidiaries for damages

Russia's Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902m), Russian court filings showed, as the two parties fight over the future of Russia's largest brewer.

Business • 02 Apr 24

Carlsberg said it has ended licence agreements for its brands in Russia

Carlsberg ends licence agreements in Russia

Danish brewer Carlsberg has ended licence agreements for its brands in Russia, retaliating against what it described as Moscow's illegitimate takeover of its Russian breweries in July.

Business • 04 Oct 23

Russia took control of the Danish group's eight breweries and 8,400 employees in the country last month

Carlsberg says in the dark over Russian business

Carlsberg was "shocked" by Russia's seizure of its business in the country last month and the brewer is no closer to knowing what might happen next, its CEO said today.

Business • 16 Aug 23

Carlsberg is due to publish a full set of first-half financial results tomorrow

Carlsberg lifts 2023 profit forecast on solid H1

Danish brewer Carlsberg has today lifted its profit guidance for the full year after a "solid business performance" in the first half of the year.

Business • 15 Aug 23

The sales agreement will not impact Carlsberg's 2023 earnings expectations, the company said in a statement.

Carlsberg agrees to sell Russian business

Danish brewer Carlsberg has said it has signed an agreement to sell its Russian business but did not name the buyer or the agreed price for the transaction, which is subject to an extensive regulatory review by Moscow.

Business • 23 Jun 23

Carlsberg CEO Cees't Hart is to retire later this year

Carlsberg CEO to retire after wrapping up Russia exit

Carlsberg's chief executive Cees 't Hart will retire at the end of September, the Danish brewer said today, after he has seen through the sale of its Russian business.

Business • 07 Mar 23

Carlsberg said sales in the fourth quarter rose by 6% from a year ago

Carlsberg expects lower beer consumption to hit growth

Danish brewer Carlsberg has today forecast organic operating profit growth in 2023 below last year's level as higher beer prices are expected to dent consumption.

Business • 07 Feb 23

The deal is part of Carlsberg's strategy towards 2027 to grow in categories beyond its core beer market

Carlsberg buys Canada's Waterloo Brewing in $106m deal

Danish brewer Carlsberg has agreed to buy Canadian Waterloo Brewing for a total equity value of around 144 million Canadian dollars ($106m) in cash.

Business • 15 Dec 22

Anheuser-Busch InBev is the world's largest brewer

AB InBev raises 2022 outlook as beer sales accelerate

Anheuser-Busch InBev, the world's largest brewer, today reported higher-than-expected quarterly earnings as beer sales accelerated, and raised its 2022 outlook to the top-end of its previous forecast range.

Business • 27 Oct 22

The Danish brewer today reported third-quarter sales which were broadly in line with expectations

Carlsberg lifts its 2022 profit outlook

Danish brewer Carlsberg has today reported third-quarter sales broadly in line with expectations and lifted its profit forecast for the year despite weakening consumer sentiment.

Business • 26 Oct 22