Carlsberg A/S

CARL-A · CO · Consumer Defensive / Beverages - Brewers

1,125.00DKK+5.00 (+0.45%)

Price History

Full chart

Market Stats

Previous Close1,120.00

Open1,120.00

Day Range1,120.00 – 1,135.00

52-Week Range826.00 – 1,155.00

Volume312

Market Cap144.73B

P/E (TTM)22.72

Forward P/E14.95

EPS48.20

Dividend Yield2.65%

Beta0.66

50-Day Avg1,062.90

200-Day Avg1,037.62

About

Carlsberg A/S produces and markets beer, soft drinks, and other beverage products in Western Europe, Asia, Central and Eastern Europe, India, and internationally. The company was founded in 1847 and is headquartered in Copenhagen, Denmark.

Company Details

SectorConsumer Defensive
IndustryBeverages - Brewers
CEOMr. Jacob Aarup-Andersen
Employees36.06K
Headquarters1 J. C. Jacobsens Gade, Copenhagen, Denmark, 1799, Denmark
Websitehttps://www.carlsberggroup.com

Leadership

Mr. Jacob Aarup-AndersenGroup CEO & Member of Executive Board · b. 1977
Ms. Ulrica FearnCFO & Member of Executive Board · b. 1973
Ms. Esther WuChief Information Officer · b. 1976
Mr. Peter KondrupVice President of Investor Relations
Mr. Yves BriantaisChief Marketing Officer · b. 1974
Ms. Susanne Skippari M.Sc.Executive Vice President of People & Culture · b. 1974
Mr. Søren BrinckExecutive Vice President of Western Europe · b. 1974
Mr. Joao Miguel Ventura Rego AbecasisExecutive Vice President - Asia · b. 1972
Mr. Victor ShevtsovExecutive Vice President of Supply Chain · b. 1970
Cecilia LundgrenCFO of Western Europe and DE&I Council Chair

Financials

Income Statement

Currency: DKK	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: DKK	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	35.54B	34.63B	35.99B	38.05B	41.08B	44.75B	59.94B	59.38B	60.05B	63.56B	67.20B	66.55B	64.51B	65.35B	62.61B	61.81B	62.50B	65.90B	58.54B	66.63B	70.27B	73.58B	75.01B	89.09B
Growth (%)	-	-2.58%	+3.93%	+5.72%	+7.98%	+8.93%	+33.95%	-0.94%	+1.13%	+5.84%	+5.73%	-0.97%	-3.07%	+1.31%	-4.19%	-1.29%	+1.12%	+5.44%	-11.17%	+13.82%	+5.45%	+4.72%	+1.94%	+18.78%
Cost of Revenue	17.67B	16.99B	17.71B	18.88B	20.15B	22.42B	31.25B	30.20B	28.98B	31.79B	33.83B	33.62B	32.73B	33.43B	31.20B	30.32B	31.28B	33.26B	30.18B	35.31B	38.20B	40.75B	40.63B	51.38B
Gross Profit	17.87B	17.64B	18.27B	19.17B	20.93B	22.33B	28.70B	29.18B	31.07B	31.77B	33.37B	32.93B	31.78B	31.93B	31.42B	31.48B	31.22B	32.64B	28.36B	31.33B	32.07B	32.83B	34.38B	37.71B
Gross Margin	50.28%	50.94%	50.77%	50.38%	50.95%	49.89%	47.87%	49.15%	51.74%	49.99%	49.66%	49.48%	49.27%	48.85%	50.18%	50.94%	49.95%	49.53%	48.45%	47.01%	45.64%	44.62%	45.83%	42.33%
Operating Expense	14.11B	14.47B	15.13B	16.04B	16.32B	16.84B	21.05B	21.04B	20.82B	21.96B	23.58B	23.09B	22.55B	23.47B	23.17B	22.61B	21.89B	22.17B	18.66B	20.46B	20.80B	21.73B	22.97B	25.78B
Operating Income	3.76B	3.16B	3.14B	3.13B	4.61B	5.49B	7.65B	8.14B	10.25B	9.82B	9.79B	9.84B	9.23B	8.46B	8.24B	8.88B	9.33B	10.46B	9.70B	10.86B	11.27B	11.11B	11.41B	11.93B
Operating Margin	10.57%	9.13%	8.73%	8.23%	11.22%	12.26%	12.76%	13.71%	17.07%	15.44%	14.57%	14.79%	14.31%	12.94%	13.17%	14.36%	14.93%	15.88%	16.57%	16.30%	16.04%	15.09%	15.21%	13.39%
EBITDA	6.90B	6.25B	6.42B	6.69B	7.74B	8.42B	11.42B	11.88B	13.85B	14.19B	14.62B	13.11B	12.71B	4.07B	12.57B	13.07B	13.41B	15.22B	13.69B	15.05B	13.94B	15.02B	15.80B	16.46B
EBITDA Margin	19.41%	18.06%	17.83%	17.58%	18.83%	18.81%	19.04%	20.00%	23.06%	22.33%	21.75%	19.69%	19.70%	6.23%	20.08%	21.15%	21.46%	23.09%	23.38%	22.58%	19.84%	20.41%	21.06%	18.47%
Net Income	1.77B	1.72B	1.60B	1.37B	2.17B	2.60B	3.21B	4.17B	5.96B	5.69B	5.61B	5.47B	4.41B	-2.58B	4.49B	2.06B	5.31B	6.57B	6.03B	6.85B	8.18B	-40.79B	9.12B	5.96B
Net Income Margin	4.99%	4.96%	4.45%	3.60%	5.28%	5.80%	5.35%	7.02%	9.92%	8.96%	8.34%	8.22%	6.84%	-3.95%	7.16%	3.34%	8.49%	9.97%	10.30%	10.27%	11.65%	-55.43%	12.15%	6.68%
R&D	-	-	-	-	-	-	-	-	-	-	147.00M	99.00M	85.00M	15.00M	104.00M	120.00M	127.00M	133.00M	123.00M	95.00M	107.00M	132.00M	142.00M	152.00M
R&D as % of Total Revenue	-	-	-	-	-	-	-	-	-	-	0.22%	0.15%	0.13%	0.02%	0.17%	0.19%	0.20%	0.20%	0.21%	0.14%	0.15%	0.18%	0.19%	0.17%
Interest Expense	1.40B	891.00M	1.51B	1.79B	1.58B	1.85B	4.77B	3.60B	3.24B	2.65B	2.29B	1.88B	1.63B	1.49B	1.72B	1.05B	801.00M	754.00M	859.00M	766.00M	695.00M	1.05B	1.45B	2.64B
Interest Expense % of Total Revenue	3.93%	2.57%	4.19%	4.70%	3.85%	4.14%	7.95%	6.06%	5.40%	4.17%	3.40%	2.83%	2.52%	2.29%	2.75%	1.70%	1.28%	1.14%	1.47%	1.15%	0.99%	1.43%	1.93%	2.96%

Balance Sheet

Currency: DKK	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: DKK	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	46.52B	46.71B	56.73B	62.36B	58.45B	61.22B	143.31B	134.51B	144.23B	147.71B	153.97B	151.14B	136.98B	124.90B	126.91B	114.25B	117.70B	123.12B	118.82B	126.38B	115.34B	111.83B	113.33B	153.96B
Total Liabilities	29.24B	28.81B	40.63B	42.86B	39.46B	41.28B	82.56B	70.37B	74.60B	76.08B	80.31B	79.64B	80.99B	77.67B	73.26B	64.73B	69.81B	77.08B	75.45B	77.63B	80.62B	86.08B	82.72B	123.28B
Total Equity	4.39B	4.65B	12.71B	16.44B	16.21B	17.30B	50.29B	54.83B	64.25B	65.87B	70.26B	67.81B	52.44B	43.49B	50.81B	46.93B	45.30B	43.45B	39.31B	43.94B	31.90B	23.23B	27.77B	27.80B
Cash	3.99B	5.17B	1.76B	2.24B	2.49B	2.25B	2.86B	2.73B	2.73B	3.15B	5.76B	3.71B	2.42B	3.13B	3.50B	3.46B	5.59B	5.22B	8.09B	8.34B	8.16B	13.38B	11.54B	9.59B
Total Debt	16.54B	15.87B	25.06B	25.98B	22.80B	23.25B	48.52B	39.40B	36.55B	36.24B	40.06B	40.21B	40.52B	36.03B	30.20B	24.19B	23.98B	24.99B	30.25B	28.92B	28.65B	39.10B	38.14B	70.62B
Net Debt	12.55B	10.70B	23.30B	23.74B	20.31B	21.00B	45.66B	36.66B	33.81B	33.09B	34.30B	36.50B	38.11B	32.90B	26.70B	20.73B	18.39B	19.77B	22.16B	20.58B	20.48B	25.72B	26.60B	61.04B

Cash Flow

Currency: DKK	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: DKK	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	5.55B	4.52B	3.81B	4.73B	4.47B	4.84B	7.81B	13.63B	11.02B	8.81B	9.87B	9.08B	7.41B	10.14B	9.33B	11.83B	12.05B	12.24B	10.93B	13.26B	12.95B	11.61B	13.57B	13.04B
Investing Cash Flow	-3.95B	-1.90B	-2.29B	-2.35B	65.00M	-4.93B	-57.15B	-3.08B	-5.84B	-4.88B	-3.97B	-8.88B	-6.74B	-2.62B	-713.00M	-3.15B	-5.89B	-2.28B	-5.87B	-4.38B	-3.06B	-6.73B	-1.52B	-35.57B
Financing Cash Flow	-1.11B	-1.54B	-4.23B	-1.99B	-4.69B	-184.00M	50.08B	-9.99B	-5.41B	-3.69B	-3.59B	-1.73B	-1.81B	-6.58B	-9.21B	-7.66B	-3.80B	-10.29B	-1.81B	-8.95B	-9.96B	2.54B	-13.94B	21.17B
Capital Expenditure	2.99B	1.22B	202.00M	3.19B	3.56B	5.60B	6.41B	3.15B	3.38B	4.37B	5.07B	5.81B	5.91B	4.15B	3.84B	4.05B	4.03B	4.59B	4.40B	4.22B	4.02B	4.24B	5.03B	5.59B
Free Cash Flow	2.56B	3.30B	3.60B	1.55B	911.00M	-759.00M	1.40B	10.48B	7.64B	4.45B	4.80B	3.28B	1.50B	5.99B	5.49B	7.78B	8.02B	7.65B	6.53B	9.04B	8.93B	7.36B	6.28B	7.45B
Dividends Paid	320.00M	304.00M	304.00M	381.84M	382.77M	459.50M	571.22M	534.29M	535.31M	764.18M	839.00M	915.00M	1.22B	1.37B	1.37B	1.52B	2.44B	2.74B	3.09B	3.19B	3.39B	3.69B	3.60B	3.57B
FCF to OCF	46.11%	73.04%	94.69%	32.70%	20.38%	-15.69%	17.96%	76.85%	69.36%	50.47%	48.61%	36.08%	20.22%	59.07%	58.84%	65.75%	66.57%	62.48%	59.77%	68.17%	68.97%	63.44%	46.29%	57.13%
Dividend Paid to FCF	12.50%	9.21%	8.44%	24.67%	42.02%	-60.54%	40.71%	5.10%	7.00%	17.18%	17.49%	27.92%	81.50%	22.92%	25.01%	19.60%	30.41%	35.80%	47.35%	35.26%	37.95%	50.18%	57.32%	47.95%

Earnings

Report Date	Dec 31, 2001	Mar 31, 2002	Mar 31, 2004	Mar 31, 2005	May 10, 2006	Nov 4, 2009	Feb 23, 2010	May 11, 2010	Aug 17, 2010	Nov 9, 2010	Feb 21, 2011	May 11, 2011	Aug 17, 2011	Nov 9, 2011	Feb 20, 2012	May 9, 2012	Aug 15, 2012	Nov 7, 2012	Feb 18, 2013	May 7, 2013	Aug 21, 2013	Nov 13, 2013	Feb 19, 2014	May 7, 2014	Aug 20, 2014	Nov 10, 2014	Feb 18, 2015	May 12, 2015	Aug 19, 2015	Nov 11, 2015	Feb 10, 2016
EPS Estimate	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS Actual	3.80	0.36	-1.96	-4.23	-2.32	9.77	2.51	3.09	17.25	12.76	1.97	1.10	13.40	13.17	6.00	-0.50	21.99	14.00	1.20	0.40	13.60	14.40	7.30	-0.40	14.40	13.70	1.10	-0.59	10.39	-29.49	0.40
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Key Statistics & Ratios

Market Cap144.73B

Enterprise Value182.98B

Trailing P/E22.72

Forward P/E14.95

PEG Ratio2.64

Price / Sales1.60

Price / Book3.45

EPS48.20

Book Value215.35

Revenue (TTM)90.29B

Gross Profit (TTM)40.62B

EBITDA18.41B

Profit Margin7.08%

Operating Margin14.61%

Return on Equity20.44%

Return on Assets5.26%

Shares Outstanding33.70M

Shares Float132.20M

Beta0.66

Dividend Yield2.65%

Dividend Rate29.00

Payout Ratio60.17%

Dividends

20261×

29.00Mar 17, 2026

20251×

27.00Mar 18, 2025

20241×

27.00Mar 12, 2024

20231×

27.00Mar 14, 2023

20221×

24.00Mar 15, 2022

20211×

22.00Mar 16, 2021

20201×

21.00Mar 17, 2020

20191×

18.00Mar 14, 2019

20181×

16.00Mar 15, 2018

20171×

10.00Mar 31, 2017

20161×

9.00Mar 18, 2016

20151×

9.00Mar 27, 2015

20141×

8.00Mar 21, 2014

20131×

6.00Mar 22, 2013

20121×

5.50Mar 23, 2012

20111×

5.00Mar 25, 2011

20101×

3.50Mar 26, 2010

20091×

3.50Mar 13, 2009

20081×

4.85Mar 11, 2008

20071×

4.85Mar 14, 2007

20061×

4.04Mar 16, 2006

20051×

4.04Mar 17, 2005

20041×

4.04Mar 19, 2004

20031×

4.04Mar 18, 2003

Stock Splits

May 22, 20081298:1049
Mar 25, 1992756:733
Feb 6, 19925:1