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Carlsberg A/S/€CARLB

Carlsberg shares rebound after Goldman Sachs, Bernstein and other analysts raise price targets following the Q3 trading update, reversing part of the previous session’s decline over weak Asian volumes.
6 hours agoLightyear AI
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About Carlsberg A/S

Carlsberg A/S is a global brewing company headquartered in Copenhagen, Denmark. It operates within the beverage industry, focusing primarily on the production and distribution of beer. The company offers a diverse portfolio of beer brands, including Carlsberg, Tuborg, and several specialty and local brands across different markets. Founded in 1847 by J.C. Jacobsen, Carlsberg has expanded its presence internationally, with significant operations in Europe and Asia. Carlsberg is known for its commitment to sustainability and innovation within brewing processes, which contributes to its competitive positioning in the market.
Ticker
€CARLB
Sector
Consumer Essentials
Primary listing
XGAT
Employees
36,527
Headquarters
Copenhagen, Denmark
Website
www.carlsberggroup.com

Carlsberg A/S Metrics

BasicAdvanced
€17B
19.33
€6.45
0.66
€3.88
3.12%

What the Analysts think about Carlsberg A/S

Analyst ratings (Buy, Hold, Sell) for Carlsberg A/S stock.
Analyst projections of the future price of Carlsberg A/S stock.

Bulls say / Bears say

Carlsberg held its 2026 organic operating profit growth outlook at 4–6% after Q3 organic revenue rose 3%, slightly ahead of expectations. That points to earnings holding up despite a tough market. (Reuters)
Soft drinks are helping Carlsberg rely less on beer: Q3 soft-drink volumes rose 9%, while the Britvic integration is delivering synergies ahead of plan. That gives the group another source of growth as beer demand remains weak. (Investing.com)
Carlsberg plans to expand its Pepsi bottling business to 17 markets by 2029, from five in 2024. A wider footprint could create further growth as the partnership and local operations ramp up. (Investing.com)
China remains a major drag: organic volumes in Asia fell 6.7% in Q3, as weak Chinese consumer demand and heavy rain hurt sales. Continued weakness there could weigh on group growth. (Reuters)
Beer volumes fell 3.5% in Q3, and premium beer volumes were down 3%. Soft-drink growth is cushioning the decline, but persistent weakness in the core beer business could limit growth. (Investing.com)
Carlsberg expects higher aluminium, energy and logistics costs in 2027. If pricing and efficiency gains do not fully offset them, they could squeeze margins. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

Carlsberg A/S Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Carlsberg A/S Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Carlsberg A/S

AllEURUSDGBP
Funds
Fund name
Fund size
€CARLB weighting
Vanguard FTSE Developed Europe ex UK$VERE
€1.4B0.11%
Vanguard FTSE Developed Europe ex UK£VERX
€3.3B0.11%
Vanguard FTSE Developed Europe ex UK€VERX
€3.3B0.11%
Vanguard FTSE Developed Europe$VEUD
€4.8B0.08%
Vanguard FTSE Developed Europe€VWCG
€2.9B0.08%
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.