|Bid||1,046.50 x 0|
|Ask||0.00 x 0|
|Day's range||1,042.00 - 1,051.00|
|52-week range||782.20 - 1,051.00|
|Beta (5Y monthly)||0.75|
|PE ratio (TTM)||25.46|
|Forward dividend & yield||22.00 (2.10%)|
|Ex-dividend date||16 Mar 2021|
|1y target est||733.86|
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.
The pub chain said it was 'evaluating' the proposal, with further company announcement to be made in 'due course.'