Carlsberg A/S/€CARLB
1D1W1MYTD1Y5YMAX
Capital at risk
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
€16B
18.01
€6.45
0.67
€3.88
3.35%
Price and volume
Market cap
€16B
Beta
0.67
52-week high
€135.40
52-week low
€98.36
Average daily volume
214K
Dividend rate
€3.88
Financial strength
Current ratio
0.658
Quick ratio
0.513
Long term debt to equity
1.142
Total debt to equity
1.342
Dividend payout ratio (TTM)
60.11%
Interest coverage (TTM)
5.62%
Profitability
EBITDA (TTM)
2,461.987
Gross margin (TTM)
44.99%
Net profit margin (TTM)
7.08%
Operating margin (TTM)
14.85%
Effective tax rate (TTM)
22.95%
Revenue per employee (TTM)
€330,380
Management effectiveness
Return on assets (TTM)
5.26%
Return on equity (TTM)
20.44%
Valuation
Price to earnings (TTM)
18.006
Price to revenue (TTM)
1.271
Price to book
4.25
Price to tangible book (TTM)
-2.18
Price to free cash flow (TTM)
15.303
Free cash flow yield (TTM)
6.53%
Free cash flow per share (TTM)
7.585
Dividend yield (TTM)
3.35%
Forward dividend yield
3.35%
Growth
Revenue change (TTM)
10.03%
Earnings per share change (TTM)
-26.91%
3-year revenue growth (CAGR)
7.54%
10-year revenue growth (CAGR)
3.47%
3-year earnings per share growth (CAGR)
-4.75%
10-year earnings per share growth (CAGR)
11.14%
3-year dividend per share growth (CAGR)
2.41%
10-year dividend per share growth (CAGR)
12.41%
Bulls say / Bears say
Carlsberg raised and narrowed its 2026 organic operating-profit guidance to 4–6%, with management pointing to faster-than-expected Britvic synergy delivery and tighter cost control. (Reuters)
H1 2026 delivered 2.8% total volume growth, 1.7% organic volume growth and 5.9% organic operating-profit growth; soft drinks rose 9% and alcohol-free brews 11%, supporting category diversification beyond traditional beer. (Carlsberg Group)
The company reported organic growth across all three regions in Q1 2026, including a return to solid Asian growth, while premium beer, soft drinks and alcohol-free products remained key growth drivers. (Carlsberg Group)
Carlsberg’s H1 2026 performance missed market expectations, while China remained weak because of adverse weather and anticipated distributor destocking in the second half. (Reuters)
Management warned that geopolitical disruption, tariffs, supply-chain effects and higher commodity costs could weigh on margins through much of 2026, leaving earnings sensitive to external shocks. (Reuters)
The Britvic acquisition has improved leverage, but net debt remained high at roughly 3.0x EBITDA in H1 2026 and the transaction was partly supported by a €1.8 billion hybrid bond, retaining balance-sheet and financing risk. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 14 Sept 2026.
Upcoming events
No upcoming events
Funds containing Carlsberg A/S
AllEURGBPUSD
Fund name | Fund size | €CARLB weighting |
|---|---|---|
Vanguard FTSE Developed Europe ex UK€VERX | €3.4B | 0.12% |
Vanguard FTSE Developed Europe ex UK£VERX | £2.9B | 0.12% |
Vanguard FTSE Developed Europe£VEUA | £2.6B | 0.09% |
Vanguard FTSE Developed Europe€VWCG | €3.1B | 0.09% |
Vanguard FTSE Developed Europe€VEUR | €4.8B | 0.09% |
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.