The Strategist

Carlsberg's net profit decreases by 7% for the first half of the year


08/13/2020 - 09:10



Net profit of the Carlsberg group of companies, one of the world's leading beer producers, attributable to shareholders in the first half of 2020 fell by 7.3% in annual terms and reached 2.855 billion Danish kroner (451 million dollars), follows from the company's financial statements.



Diluted earnings per share for the six months were 19.3 kronor ($ 3.05) versus a profit of 20.2 kronor ($ 3.19) a year earlier. Carlsberg's revenues for the half-year fell 12.6% year-on-year to CZK 28.83 billion ($ 4.6 billion). The organic decline in sales for the half-year was 11.6%, and in the second quarter - 14.6%.

Carlsberg A/S, a brewery founded in 1847 in Denmark, today occupies a leading position in the world beer market. Her portfolio includes about 140 brands, including Carlsberg, Tuborg, Kronenburg and others.

source: bloomberg.com