BREAKING NEWS

BREAKING NEWS

Carlsberg lifts 2017 operating profit guidance despite slip in third-quarter sales

Now Reading:

Carlsberg lifts 2017 operating profit guidance despite slip in third-quarter sales

Text size Aa Aa

COPENHAGEN (Reuters) – Danish brewer Carlsberg <CARLb.CO> said on Thursday third-quarter sales slipped more than expected, but it lifted its operating profit guidance for 2017. The company said in a trading update that it expects organic operating profit growth of 7-8 percent in 2017, up from an earlier expectation of “mid-single-digit” percentage growth. Carlsberg’s third-quarter net revenue slipped 1 percent in the quarter from a year earlier to 16.7 billion Danish crowns ($2.62 billion), below the 17.1 billion expected by analysts in a Reuters poll.

(Reporting by Jacob Gronholt-Pedersen)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.