CARL B Carlsberg A/S Class B

Carlsberg A/S share capital reduction

Carlsberg A/S share capital reduction

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 cancelling 4,400,000 of the Company’s holding of B shares of DKK 20.

The share cancellation has now been registered with the Danish Business Authority and completed. After the share capital reduction, the number of shares, share capital and number of votes are as shown below.

  Number

of shares
Share

capital (DKK)
Number

of votes*
A shares 33,699,252673,985,040 673,985,040
B shares 114,457,554 2,289,151,080 228,915,108
  Total148,156,8062,963,136,120902,900,148


* Each A share of DKK 20 carries 20 votes and each B share of DKK 20 carries two votes. Treasury shares are included in the table, but voting rights of treasury shares are suspended at general meetings.



Contacts

Investor Relations:  

Peter Kondrup       

Iben Steiness

Media Relations:    

Kasper Elbjørn     

Anders Bering  

For more news, sign up at /subscribe or follow @CarlsbergGroup on Twitter.



Attachment

EN
14/04/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Carlsberg A/S Class B

Jesper Ingildsen
  • Jesper Ingildsen

Carlsberg (Buy, TP: DKK1075.00) - Soft Q1, but with bright spots

We consider the Q1 results slightly on the soft side (with organic volume misses across the board), albeit less so adjusted for the loss of the San Miguel contract. Despite the general weakness, there were a couple of bright spots, including positive commentary on the premium beer market in China. We reiterate our BUY and DKK1,075 target price.

Jesper Ingildsen
  • Jesper Ingildsen

Carlsberg (Buy, TP: DKK1075.00) - Expect flat start to 2025e

We expect Carlsberg to report a slow start to the year, mainly related to the loss of the San Miguel contract and the timing of Easter. However, we believe this should not come as a surprise, and thus expect the 2025 guidance to be maintained. At a 12-month forward P/E of c14x, we still find the stock attractive, with further upside potential from better-than-expected execution of Britvic and any improvement in China. We reiterate our BUY and DKK1,075 target price.

Carlsberg AS: 1 director

A director at Carlsberg AS bought 1,000 shares at 861.600DKK and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...

ABGSC Food & Beverage Research ... (+2)
  • ABGSC Food & Beverage Research
  • Peter Sehested
Jesper Ingildsen
  • Jesper Ingildsen

Carlsberg (Buy, TP: DKK1075.00) - Strong H2 and the guidance a relief

Carlsberg had a stronger end-2024 than expected despite headwinds, with the 2025 guidance of 1–5% organic EBIT growth overall in line with expectations, if not a bit better than some had feared, considering the loss of San Miguel and China weakness. We continue to find the stock attractive, with concerns over Britvic execution, leverage and China more than priced in, in our view. We reiterate our BUY and DKK1,075 target price.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch