Carlsberg A/S/DKr CARL B

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About Carlsberg A/S

Carlsberg A/S is a global brewing company based in Copenhagen, Denmark. It is known for producing a wide range of beer brands, including its flagship Carlsberg beer, as well as Tuborg and Kronenbourg. Founded in 1847, the company has expanded its operations worldwide, with a significant presence in Western Europe, Eastern Europe, and Asia. Carlsberg operates through various segments, including beer, soft drinks, and bottled water. The company emphasizes sustainability and innovation in its brewing processes, which contributes to its competitive strength in the beverage industry. Its strategic position is bolstered by a diverse portfolio and strong brand recognition across different international markets.
Ticker
DKr CARL B
Sector
Consumer Essentials
Primary listing
CSE
Employees
36,527
Headquarters
Copenhagen, Denmark
Website
www.carlsberggroup.com

Carlsberg A/S Metrics

BasicAdvanced
kr 118B
17.64
kr 48.19
0.67
kr 29.00
3.41%

Bulls say / Bears say

Carlsberg raised its 2026 organic operating-profit outlook to 4–6% from 2–6% and expects to realise approximately half of its targeted £110 million Britvic synergies during 2026, ahead of its prior plan. (Reuters)
H1 showed improving earnings quality: organic operating profit rose 5.9%, operating margin expanded by 30 basis points, free operating cash flow increased to DKK 3.694 billion, and net debt/EBITDA declined to 3.0x. (Carlsberg H1 2026 Financial Statement)
The expanded PepsiCo bottling agreement will make Carlsberg the partner in Denmark, Finland and the Baltic states from January 2029, broadening its non-alcoholic beverage platform and adding a long-term distribution growth opportunity. (Reuters)
Carlsberg missed analysts’ first-half 2026 estimates for operating profit, revenue and volumes, while weak Chinese demand and severe weather pressured performance; shares fell as much as 4% after the release. (Reuters)
The recovery remains uneven geographically: H1 organic volume growth was only 1.7%, with Asia flat and Western Europe up just 0.1%, leaving growth heavily reliant on Central & Eastern Europe and India. (Carlsberg H1 2026 Financial Statement)
Leverage remains elevated following the Britvic acquisition: net debt/EBITDA was 3.0x at H1, still above Carlsberg’s 2.5x target, leaving the equity exposed to execution risk, financing costs and slower-than-expected deleveraging. (Carlsberg H1 2026 Financial Statement)
Data summarised monthly by Lightyear AI. Last updated on 11 Sept 2026.

Funds containing Carlsberg A/S

AllEURGBPUSD
Funds
Fund name
Fund size
DKr CARL B weighting
iShares STOXX Europe 600 Food & Beverage€EXH3
€318M2.47%
iShares STOXX Europe Mid 200€EXSD
€610M0.67%
iShares MSCI Europe ESG Enhanced€EMNU
€5B0.22%
iShares MSCI Europe ESG Enhanced£EEUD
£4.3B0.22%
iShares MSCI Europe ex-UK€IEUX
€1.5B0.13%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.