Carlsberg has demonstrated strong growth and successful integration of Britvic, leading to significant revenue and profit increases. However, challenges remain in certain markets, particularly in Asia, and the loss of San Miguel in the UK has affected organic growth figures.

Company Guidance -

Q4 2025

During the Carlsberg H1 2025 Financial Statement Conference Call, CEO Jacob Aarup-Andersen and CFO Ulrica Fearn provided detailed guidance on the company's performance and future outlook. The acquisition of Britvic significantly impacted Carlsberg's financials, with reported volumes up by 16%, revenue growing 18.2%, and operating profit increasing by 15.1%. Adjusted for the loss of San Miguel, Q2 revenue grew by 2.4%. The company also narrowed its full-year guidance for organic operating profit growth towards the upper end of the previous range, now expecting 3% to 5% growth, up from 1% to 5%. The Britvic integration is progressing well, contributing to strong market share in the U.K. and Ireland, and is expected to deliver an operating profit of around GBP 250 million for the year. Carlsberg is focused on supply chain efficiencies and cost controls while continuing to invest in key strategic priorities.

Strong Revenue and Profit Growth

Total reported volumes increased by 16%, reported revenue grew by 18.2%, and reported operating profit rose by 15.1% due to the Britvic acquisition.

Britvic Integration Success

The integration of Britvic is on track, with synergy realization progressing as planned. Britvic volumes in the UK grew by 1%, and Pepsi Max saw strong market share growth.

Growth in Premium and Alcohol-Free Beverages

Premium beer and alcohol-free brews saw good growth, with premium beer up 5% and alcohol-free brews up 7%.

Market Share Gains in Key Regions

Carlsberg gained market share in Western Europe and Asia, with significant growth in markets like China and India for premium Carlsberg.

Positive Outlook and Guidance Update

The full-year guidance for organic operating profit growth has been narrowed towards the upper end of the previous range, now expected at 3% to 5%.

Carlsberg (CABGY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CABGY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 10, 2026	2025 (Q4)	0.88 / -	0.306	―	―	―
Aug 14, 2025	2025 (Q2)	0.63 / 0.65	0.542	19.56% (+0.11)
Feb 06, 2025	2024 (Q4)	0.29 / 0.31	0.321	-4.67% (-0.02)
Aug 13, 2024	2024 (Q2)	0.55 / 0.54	0.59	-8.14% (-0.05)
Feb 07, 2024	2023 (Q4)	0.31 / 0.32	0.344	-6.69% (-0.02)
Aug 16, 2023	2023 (Q2)	0.58 / 0.59	0.536	10.07% (+0.05)
Feb 07, 2023	2022 (Q4)	0.33 / 0.34	0.296	16.22% (+0.05)
Aug 17, 2022	2022 (Q2)	0.49 / 0.54	0.512	4.69% (+0.02)	―	―
Feb 04, 2022	2021 (Q4)	0.29 / 0.30	0.283	4.59% (+0.01)	―	―
Aug 18, 2021	2021 (Q2)	0.52 / 0.51	0.62	-17.42% (-0.11)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CABGY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$25.49	$23.57	-7.53%
Feb 06, 2025	$20.09	$21.59	+7.47%
Aug 13, 2024	$23.03	$23.16	+0.56%
Feb 07, 2024	$25.07	$26.12	+4.19%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Carlsberg A/S (CABGY) report earnings?

Carlsberg A/S (CABGY) is schdueled to report earning on Feb 10, 2026, Before Open (Confirmed).

What is Carlsberg A/S (CABGY) earnings time?

Carlsberg A/S (CABGY) earnings time is at Feb 10, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CABGY EPS forecast?

CABGY EPS forecast for the fiscal quarter 2025 (Q4) is 0.88.

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