© Reuters. FILE PHOTO: A bar worker carries a tray of Carlsberg beer in Copenhagen, Denmark, July 30, 2022. REUTERS/Andrew Kelly/File Photo
COPENHAGEN (Reuters) – Danish brewer Carlsberg (OTC:) on Tuesday lifted its profit guidance for the full year after a “solid business performance” in the first half of the year.
The world’s third-biggest brewer said it now expects organic operating profit growth this year of between 4% and 7%, versus a previous range of minus 2% to plus 5%.
“Based on solid business performance year to date and our expectations for the remainder of the year, we are upgrading our full-year earnings expectations for 2023,” the company said in a statement.
The Copenhagen-based company said volumes in the January to June period grew 0.8% organically, while organic sales grew 11%. Organic operating profit grew by 5.2% in the period.
Carlsberg’s shares were 1.6% higher at 1304 GMT, with the broader Copenhagen benchmark index down 0.7%.
Carlsberg is due to publish a full set of first-half financial results on Wednesday.
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