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DJ Carlsberg Consensus Forecasts Expected to Fall Slightly -- Market Talk

· 02/05/2021 03:35

0835 GMT - Consensus forecasts at Carlsberg are likely to come down slightly after 2021 guidance pointed to a small impact from currencies, says Kepler Cheuvreux. Carlsberg reported lower 2020 revenues than expected, but profit was a beat, it says. Operating profit in Western Europe fell short of expectations, while it was above consensus in both Asia and Eastern Europe and lower overhead costs also boosted the result. The company guided for organic growth in operating profit for 2021 of between 3% and 10%, against market expectations for 10%, the bank notes. Shares trade 3% higher at DKK960. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

February 05, 2021 03:35 ET (08:35 GMT)

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