Saturday, April 5, 2025
HomeUncategorizedCarlsberg Expects Lower Beer Consumption To Hit 2023 Growth

Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth

Date:

Related stories

Prabowo’s Meeting with Investors, Jakarta’s Best Restaurants, and LRT Jabodebek Surge

1. Prabowo Subianto to Meet Capital Market Investors After...

Three Gujarat Policemen Killed, Punjab ASI Injured in Fatal Sirsa Highway Accident

Fatal Sirsa Road Accident Claims Lives of Gujarat Police...

From Startup Investor to Industry Leader: The Rise of Arun Gee

Chairman of Excellency Group – A Business Leader with...

Delhi-Mumbai Expressway Delayed: Gujarat Sections Behind, Completion Pushed Further

Gujarat Sections Lagging, Project Deadline Extended The Delhi-Mumbai Expressway is...
spot_imgspot_img

Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. “2023 will be another challenging year,” Chief Executive Cees ‘t Hart said in a statement. “While beer historically has been a resilient consumer category, the higher prices in combination with generally high inflation may have a negative impact on beer consumption in some of our markets, particularly in Europe,” he said. Carlsberg said sales in the fourth quarter rose 6% from a year earlier to 14.6 billion Danish crowns ($2.11 billion), against 14.7 billion crowns estimated by analysts in a poll provided by the company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here