Report
Nikolaas Faes

CARLSBERG BUY | DKK1120 More detail on preliminary H1 figures

CARLSBERG BUY | DKK1120 More detail on preliminary H1 figures

Best among the main brewers
Guidance of 10 to 15 percent organic decline in operating profit
Share buyback halted as the company looks at more acquisitions
Underlying
Carlsberg A/S Class B

Carlsberg is engaged in the production and sale of beer and other beverages. Co.'s brewing operations are concentrated in Northern and Western Europe, Eastern Europe and Asia, while markets outside these regions are serviced through exports and production under license. Co.'s other beverages include soft drinks, water and cider. In addition to beverage activities, Co. is also engaged in real estate.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Nikolaas Faes

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