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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV

(ABI)
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Carlsberg raises 2020 outlook on strong sales in China, Eastern Europe

09/17/2020 | 09:02am EST
Carlsberg beer cans are seen at a pub in Mumbai

Danish brewer Carlsberg on Thursday raised its full-year earnings expectations after positive momentum last month, buoyed by solid sales in Eastern Europe and an improved outlook in China.

The world's third-biggest brewer after Anheuser Busch InBev and Heineken now expects a "high-single-digit percentage" fall in organic operating profit versus its previous expectation of a 10%-15% decline.

Carlsberg said the new outlook reflected "better than expected August results, continued solid volume development in Eastern Europe and an improved outlook in western China after the recent relaxation of second-wave COVID-19 restrictions."

The Copenhagen-based brewer warned last month that although drinkers had started to return to bars and restaurants in China and Western Europe over the summer, lockdowns were likely to keep sales subdued in the second half of the year.

Shares in Carlsberg traded 3.5% higher following the news. At 1243 GMT, they were up 1.5% at 883 Danish crowns, up from a March low of 650 crowns.

(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely and Keith Weir)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV -0.09% 53.12 Real-time Quote.-6.74%
CARLSBERG A/S -0.15% 924.6 Delayed Quote.-5.05%
HEINEKEN HOLDING N.V. 0.47% 74.65 Real-time Quote.-3.57%
HEINEKEN N.V. 0.62% 87.64 Real-time Quote.-4.52%
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Financials (USD)
Sales 2020 46 567 M - -
Net income 2020 836 M - -
Net Debt 2020 83 844 M - -
P/E ratio 2020 179x
Yield 2020 0,98%
Capitalization 127 B 127 B -
EV / Sales 2020 4,53x
EV / Sales 2021 4,05x
Nbr of Employees 170 000
Free-Float 39,6%
Chart ANHEUSER-BUSCH INBEV
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Anheuser-Busch InBev Technical Analysis Chart | ABI | BE0974293251 | MarketScreener
Technical analysis trends ANHEUSER-BUSCH INBEV
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 74,10 $
Last Close Price 64,56 $
Spread / Highest target 80,5%
Spread / Average Target 14,8%
Spread / Lowest Target -19,7%
EPS Revisions
Managers and Directors
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Fernando Mommensohn Tennenbaum Chief Financial Officer
David Almeida Chief Strategy & Technology Officer
William F. Gifford Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANHEUSER-BUSCH INBEV-6.74%127 100
HEINEKEN N.V.-4.52%60 768
AMBEV S.A.-3.19%43 120
CONSTELLATION BRANDS, INC.3.59%42 801
BUDWEISER BREWING COMPANY APAC LIMITED-3.32%42 211
HEINEKEN HOLDING N.V.-3.57%25 953