Key facts
- Third-quarter sales reached 25.3 billion Danish crowns ($3.78 billion), up 5% from the same period last year.
- Organic volume sales in Asia dropped 6.7% in the quarter.
- Carlsberg still expects organic operating profit to grow by 4-6% this year.
Danish brewer Carlsberg maintained its full-year profit guidance on Thursday, reporting third-quarter sales that met analyst expectations. The company's performance was supported by strong momentum in many markets and its diverse product portfolio, which helped to offset a challenging trading environment in China.
Total sales for the third quarter reached 25.3 billion Danish crowns ($3.78 billion), marking a 5% increase compared to the same period last year. However, organic volume sales in Asia declined by 6.7%, primarily due to weak consumer sentiment in China and adverse weather conditions. Despite these challenges, Carlsberg still anticipates organic operating profit growth of 4-6% for the full year.