Carlsberg shares drop 5% on expected fall in operating profits
The Danish brewer says its operating profit may fall as much as 15% in 2020 due to lockdowns
13 August 2020 - 17:54
Copenhagen — Danish brewer Carlsberg said on Thursday that it expects 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 AB InBev and Heineken suspended the second tranche of a share buyback and said it will cut an unspecified number of jobs at its head office in Copenhagen...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.