Carlsberg has raised its profit outlook for 2019 well ahead of the publication of its first-half results on August 15. The company reported that organic operating profit growth will be a "high-single-digit." Before the company expected only a "mid-single-digit" percentage growth.
Profit is driven by a new focus on higher priced beers and growth from its specialty and craft division.
After the announcement, Carlsberg’s shares rose as much as 12% today in Copenhagen, their biggest intraday gain in the last ten years.
Last week, Heineken disappointed its investors with a lower than expected first-half result which caused Heineken shares to fall by 6% on the Amsterdam stock exchange (inside.beer, 29.7.2019).
