|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||36.96 - 37.58|
|52-week range||25.10 - 38.75|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||27.66|
|Forward dividend & yield||0.71 (1.86%)|
|Ex-dividend date||16 Mar 2021|
|1y target est||N/A|
COPENHAGEN (Reuters) -A rebound in Chinese beer sales in the first quarter helped Carlsberg to beat analyst expectations, even as lockdowns depressed markets in Western Europe, the Danish brewer said on Wednesday. The world's third-biggest brewer, after Heineken and Anheuser Busch Inbev, said volumes sold in China increased by more than 50% compared with the first three months of last year and by 20% from the same period in 2019. "This is more than just an easy comparison to last year," Chief Executive Cees 't Hart said at a conference call referring to the outbreak of the novel coronavirus that locked down China early last year.
German brewers have been forced to throw away unsold beer and have asked the government for financial aid as the coronavirus lockdown reduces demand, they said on Monday. German pubs, hotels and restaurants have been closed since November in the country’s second lockdown following the first one earlier last year. The brewers called on the German government to give beer breweries aid under the country’s programmes to help industry recover from the impact of the coronavirus crisis.
Danish brewer Carlsberg is banking on most COVID-19 restrictions being lifted in coming months to buoy its earnings in its peak summer season, which could include the beer bonanza that accompanies the European soccer championship. The world's third-biggest brewer after Heineken and Anheuser Busch Inbev said on Friday it expected operating profit to grow between 3% to 10% in 2021, after reporting fourth-quarter sales slightly below expectations. Chief Executive Cees 't Hart said the first quarter of this year would continue to be challenging for its on-trade business, but that the company expected a gradual improvement in the second quarter and for most restrictions to be lifted by summer.