Carlsberg A/S

Danish brewer Carlsberg posted a 15% drop in second-quarter sales on Friday but said its key Chinese market had rebounded strongly during the quarter.

Carlsberg <CARLb.CO> said on Thursday worse is still to come after a 7% decline in first quarter sales, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.

Carlsberg said on Thursday sales fell 7% in the first quarter with a further decline expected this quarter, as increased beer sales in supermarkets failed to balance the closure of bars and restaurants during the coronavirus lockdown.

Carlsberg <CARLb.CO> said on Thursday it has expanded its cost-cutting programme and suspended outlook as beer drinkers under lockdown in key European markets opt for cheaper beers.

Carlsberg, the world's third biggest brewer, said on Thursday it has expanded its cost-cutting programme and suspended guidance for 2020 as a result of uncertainty related to the coronavirus outbreak in key markets.

Carlsberg is looking to resolve a commercial dispute with its joint venture partner in India, an executive said on Monday, amid a internal probe into the firm's local sales practices that sparked a boardroom battle and concerns from its auditor.

Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg's <CARLb.CO> biggest market, but the Danish brewer said on Tuesday it was not changing its forecast or strategy for China as a result of the coronavirus outbreak.

Danish brewer Carlsberg on Tuesday reported operating profit before special items for the second half of the year that was broadly in line with expectations and said it expects to deliver mid-single-digit organic operating profit growth in 2020.

Denmark's economic growth is likely to slow by around 1 percentage point in the coming years, as the export-driven economy suffers from a global downturn, the government said on Monday.

Danish brewer Carlsberg <CARLb.CO> on Thursday reported third quarter sales topped forecasts thanks to a strong performance in Asia and said it had agreed to buy the rest of a Cambodian brewery that it does not already own.

Danish brewer Carlsberg <CARLb.CO> revised upwards its annual profit growth outlook on Monday, saying it now expects organic operating profit to rise by around 10% versus a previous forecast for a "high single-digit" percentage increase.

Danish brewer Carlsberg revised up its annual growth outlook on Monday, saying it now expects operating profit to rise by around 10% against a previous high single-digit estimate.

Danish brewer Carlsberg <CARLb.CO> posted a solid rise in half-year sales thanks to Asian markets, where consumers are trading up from mainstream beers to pricier premium brands, lifting its shares 5 percent on Thursday.

Danish brewer Carlsberg on Thursday reported a 9 percent jump in first-quarter sales, partly buoyed by Asian drinkers switching to more expensive beers.

Danish brewer Carlsberg has bought a minority stake in Chinese micro brewery Jing-A, the company said on Friday.

It is almost a barman's dream - a keg that can monitor beer levels and alert the brewery for more supplies when stocks are running low, cutting the risk of running out of beer.

Danish brewer Carlsberg's sales rose last year for the first time in three years, helped by strength in China and the long, hot summer in Northern Europe and Russia, but it warned it expects slower growth in 2019.

Danish brewer Carlsberg on Wednesday posted fourth-quarter sales above expectations and said it expects organic operating profit to grow by mid-single-digit percentage in 2019, well below last year.

Danish brewer Carlsberg <CARLb.CO> on Thursday posted stronger-than-expected third-quarter sales and confirmed its recently lifted operating profit growth outlook for this year of 10-11 percent.