Carlsberg: beats consensus in first half.

(CercleFinance.com) - Carlsberg reported a 23% increase in net profit to 2.
3 billion Danish kronor in the first half of 2017, meaning EPS of 15.1 kronor, 12.4% higher than the consensus.

The Danish brewer improved its adjusted operating margin by 200 basis points to 13%, on sales that were up 2% to almost 31.8 billion kronor. A positive price-mix effect of 4% more than offset a 2% decline in volumes related to Russia.

“1H results demonstrate that the company is on track to deliver guidance and efficiency program savings,” Liberum said when Carlsberg management confirmed its FY 2017 forecast.


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