Carlsberg AS

Carlsberg A/S engages in the production and marketing of beer, craft and specialty, and non-alcoholic beer. Its products include Carlsberg, Tuborg Green, 1664 Blanc, Baltika, and Somersby Apple Cider. It operates through the following geographical segments: Western Europe, Asia, and Central and Eastern Europe. The company was founded by Jacob Christian Jacobsen in 1847 and is headquartered in Copenhagen, Denmark.

I expect growth to revert back to mid single-digit as guided, with margin expansion and rerating of valuation. The company's revenue is split between Western Europe (50%), Asia (32%), and Central and East Europe (18%). Premiumization is a major trend that should continue to support higher pricing growth.

Carlsberg: Cheap Valuation With Positive Organic Growth Outlook

Diageo

Investors looking for stocks in the Beverages - Alcohol sector might want to consider either Carlsberg AS (CABGY) or Diageo (DEO). But which of these two stocks offers value investors a better bang for their buck right now?

CABGY vs. DEO: Which Stock Is the Better Value Option?

Carlsberg A/S (CABGY) Q4 2023 Earnings Call Transcript

Beer sales of Carlsberg brands were forced to rely on price hikes during 2023 and may continue with this strategy in the new financial year, the Danish brewer revealed on Wednesday. Revenues 4.7% to reach more than DKK 73.5 billion (£1 = DKK 8.75) despite organic volumes falling by 0.5% across all operations.

Carlsberg price hikes likely to continue in 2024

Carlsberg targeted 1%-5% operating profit organic growth this year, and said it would step up investments in the Chinese and Vietnamese markets and its premium brands, expecting long-term revenue growth slightly higher than previously forecast.

Carlsberg Eyes Profit Growth as Inflation Eases

Here is how Carlsberg AS (CABGY) and Coca-Cola European (CCEP) have performed compared to their sector so far this year.

Is Carlsberg (CABGY) Stock Outpacing Its Consumer Staples Peers This Year?

Heineken NV

Diageo PLC (LSE:DGE), the spirits company, has been downgraded from a ‘buy' to ‘neutral' by analysts at the Bank of America. The US bank expects the beverage sector to face a tough 2024 due to suppressed consumer spend on both sides of the Atlantic, foreign exchange headwinds and the risk of tariffs on Cognac in China.

Diageo to lose out to brewers Carlsberg and Heineken – analyst

Carlsberg's ADRs look cheap at less than 4x Fwd P/E, but this is due to an incorrect ADR/share conversion ratio. The company is actually trading at 17.5x Fwd P/E, in line with its beverage peers. While Carlsberg is a well-run company with consistent profitability, there is no compelling reason to buy its shares at this time.

Carlsberg: Fairly Valued Beer Giant

LONDON--(BUSINESS WIRE)--Expereo, the intelligent internet company that connects people, places and things anywhere, today announced Carlsberg Group as its latest enterprise customer. Carlsberg, one of the leading brewery groups in the world, has chosen Expereo to manage their internet connectivity in 40 countries at 160 sites in support of their global digital transformation journey. Carlsberg Group brews some of the world's most popular beers including; Tuborg, Kronenbourg 1664, Poretti, Expe.

Carlsberg Group Selects Expereo to Deliver Internet Connectivity in 40 Countries

The CEO of Danish brewer Carlsberg says Moscow has "stolen" its business in Russia. Moscow seized Carlsberg's assets in July, weeks after the brewer announced it had found a buyer for its Russian business.

Carlsberg would rather lose its Russian business than negotiate a deal with Moscow, and it shows how hard it is for companies to exit the market

That's new Carlsberg CEO Jacob Aarup-Anderson, according to a Reuters account of a journalist call on Tuesday, after Russian President Vladimir Putin this summer ordered the seizure of Carlsberg's stake in its Baltika subsidiary. Earlier this month, Carlsberg ended license agreements that allow for its beers to be produced in the country.

Carlsberg CEO says Russia stole its business

Carlsberg, the owner of Estrella and San Miguel, traded relatively flat on Tuesday after it revealed sales in the UK were kept afloat by price increases. Volumes in Western Europe decreased by more than 5% in the third quarter of the 2023 financial year, the Danish brewer revealed in a trading update.

Carlsberg price hikes keeps beer sales afloat in UK

Restaurant Brands

Carlsberg and Burger King Holdings (NYSE:BKC) have both made headlines over the past week for their continued involvement in Russia despite previous pledges made in the wake of the invasion of Ukraine. Whether it be through struggles dealing with the state or complicated business structures, as cited by Carlsberg and Burger King respectively, continued presence in Russia has become a topic of controversy for many companies since the war began in February 2022.

Carlsburg, Burger King, BT: Who is still in Russia?

Carlsberg A/S (OTCPK:CABGY) Q2 2023 Results Conference Call August 16, 2023 3:30 AM ET Company Participants Cees 't Hart - CEO Ulrica Fearn - CFO Conference Call Participants Laurence Whyatt - Barclays Trevor Stirling - Bernstein Edward Mundy - Jefferies Simon Hales - Citi Olivier Nicolai - Goldman Sachs Søren Samsøe - SEB André Thormann - Danske Bank Mitch Collett - Deutsche Bank Richard Withagen - Kepler Cheuvreux Nik Oliver - UBS Operator Welcome to the Carlsberg's H1 2023 Financial Statement Conference Call. [Operator Instructions] This call is being recorded.

Carlsberg A/S (CABGY) Q2 2023 Earnings Call Transcript

Carlsberg reported a jump in revenue at the half-year stage on Wednesday, thanks to strong organic growth across the board. Organic revenue grew by 11.2% during the first six months of the year, the Danish brewer reported, prompting organic profit 5.2% higher.

Carlsberg returns to profit on strong Asian and European performance

Constellation Brands

Halfway through August, it's been a crazy summer for the beer industry. While painful to watch, the entire Bud Light brouhaha has brought into focus some of the best beer stocks to buy on the planet.

The 3 Best Beer Stocks to Buy Following the Bud Light Brouhaha

Danone SA

Ukraine is urging global companies to relocate from Russia to its war-stricken neighbor, as Moscow continues to seize the assets of foreign companies.

Ukraine seeks to lure global firms from Moscow as Danone and Carlsberg assets seized

Moscow has seized control of the Russian subsidiaries of French yogurt maker Danone and Danish brewer Carlsberg, highlighting risks facing foreign firms that continue to do business in the country.

Russia seizes control of Danone, Carlsberg assets

Carlsberg is making its beer weaker, joining several brewers who have also reduced the level of alcohol in their drinks in return for paying less tax on pints. The Danish brewer confirmed its flagship beer will drop from 3.8% ABV to 3.4% ABV next month.

Carlsberg weakens beer avoiding upcoming tax hikes

Ambev

Investors interested in Beverages - Alcohol stocks are likely familiar with Ambev (ABEV) and Carlsberg AS (CABGY). But which of these two stocks offers value investors a better bang for their buck right now?

ABEV or CABGY: Which Is the Better Value Stock Right Now?

Beer producers Heineken and Carlsberg are expected to report growth in beer sales for 2023 when both release a first-quarter update next month, analysts have revealed. Danish brewer Carlsberg is predicted to see volume growth of 0.3%, while revenue is due to rise by 7.4% in the year so far, Deutsche Bank indicated.

Heineken and Carlsberg to toast to improved beer revenues, say brokers

Danish brewer Carlsberg denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes.

Carlsberg denies report it sold Russian breweries to Turkey's Anadolu

Carlsberg's shares slipped on Tuesday after the Danish brewer said its CEO Cees 't Hart had decided to retire after eight years and that a search for his successor was underway.

Carlsberg CEO Hart's retirement plan triggers share fall

Carlsberg will increase beer prices by double digits at points in 2023 to help combat inflation, brokers at Barclays predicted today. The price for Carlsberg's beers is expected to grow by 9% in Western Europe over the next six months with prices peaking at 12% over the next three months, the British bank added.

Carlsberg drinkers facing ‘double-digit' price hike says broker

Carlsberg upped its profits by 13% year on year, but warned prices would rise as beer consumption in Europe falls. Looking to 2023, the Danish brewer warned that due to rolling hedging on commodity and energy prices ending, the company requires higher pricing to offset the rising costs.

News for Carlsberg AS Stock (CABGY)