Carlsberg profits rise despite stagnant sales

Danish brewer Carlsberg says its income rose within the first six months of the yr, regardless of a decline in consumption in the important thing japanese European market, notably Russia.

The Copenhagen-based mostly maker of Tuborg beer stated Wednesday that income, when excluding foreign money shifts and one-off results, rose 2 % from a yr earlier to 31.eight billion kroner ($5 billion).

Internet revenue, nevertheless, rose 23 % to 2.three billion kroner. And working revenue earlier than curiosity, taxes and one-time gadgets stood at four.1 billion kroner, almost 20 % up from the earlier yr, clearly beating market estimates.

CEO Cees’t Hart stated that Carlsberg “delivered a robust set of outcomes for the primary half-yr, enhancing earnings and money stream and decreasing leverage,” including that he was notably happy with rising Tuborg volumes in Asia.

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