|Bid||840.60 x 0|
|Ask||841.80 x 0|
|Day's range||830.40 - 845.40|
|52-week range||650.20 - 1,064.50|
|Beta (5Y monthly)||0.63|
|PE ratio (TTM)||19.78|
|Forward dividend & yield||21.00 (2.51%)|
|Ex-dividend date||17 Mar 2020|
|1y target est||733.86|
Danish brewer Carlsberg said on Thursday it expected operating profit to fall by as much as 15% this year as lockdowns will hurt sales in the second half in key markets of China and Western Europe, sending its shares more than 5% down. The world's third-biggest brewer after Anheuser Busch InBev and Heineken suspended the second tranche of a share buyback and said it would cut an unspecified number of jobs at its head office in Copenhagen. It said although drinkers had started to return to bars and restaurants in China and Western Europe over the summer, lockdowns are likely to keep sales subdued for the remainder of the year.
Carlsberg said its business in China rebounded strongly and western European region saw an improved demand towards the end of the second quarter due to the gradual reopening of the on-trade channel and subsequent restocking in many markets, sending its shares up nearly 6%.
Danish brewer Carlsberg <CARLb.CO> said on Friday it expects a smaller than forecast drop in first-half operating profit as its key Chinese market rebounded strongly during the second quarter, sending its shares up 5%. The world's third biggest brewer after Anheuser Busch InBev <ABI.BR> and Heineken <HEIN.AS> said it expects a decline in operating profit of 9% in the first six months of the year, compared to analysts' consensus forecast for a 26% fall, according to a Jeffries note to clients. "Although government lockdowns are gradually being lifted, the sales development across our regions in the coming months continues to be volatile and uncertain, not least during the important summer months," it said, keeping its full-year guidance suspended.