Carlsberg A/S B

Carlsberg is engaged in the production and sale of beer and other beverages. Co.'s brewing operations are concentrated in Northern and Western Europe, Eastern Europe and Asia, while markets outside these regions are serviced through exports and production under license. Co.'s other beverages include soft drinks, water and cider. In addition to beverage activities, Co. is also engaged in real estate.
  • TickerCARL B
  • ISINDK0010181759
  • ExchangeNasdaq Nordic Copenhagen
  • SectorBeverages
  • CountryDenmark

Analysts

CARLSBERG AS sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CARLSBERG AS (DK), active in the Brewers industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date November 19, 2019, the closing price was DKK 969.00 and its target price was estimated at DKK 881.64.

Carlsberg AS: 1 director sold

A director at Carlsberg AS sold 27,217 shares at 957.469DKK and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Jan Erik Gjerland ...
  • Martin Melbye
  • Morten Raunholt Eismark
  • Viktor Sundberg

Talking Points - Sparebank 1 SR-Bank (Hold): LLP, volumes & costs drive negative EPS changes

Expect lower volumes and muted margin expansions Adj. EPS -3 to -5%, HOLD (Buy), TP NOK 105 (111)

Zhang Jun

Carlsberg A/S

Zhang Jun

Carlsberg A/S

Zhang Jun

Carlsberg A/S

Zhang Jun

Carlsberg A/S

Carlsberg AS: 1 director sold

A director at Carlsberg AS sold 27,217 shares at 957.469DKK and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jesper Ingildsen
  • Jimi Lehtonen
  • Jon Berggren
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Nicolai Farstad Olsen
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Eivind Sars Veddeng ...
  • Jon Masdal
  • Marius Knudssøn
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Håkon Astrup ...
  • Jesper Ingildsen
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Tomi Railo

Northern Lights

CARLSBERG AS sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CARLSBERG AS (DK), active in the Brewers industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date November 19, 2019, the closing price was DKK 969.00 and its target price was estimated at DKK 881.64.

Carlsberg

Carlsberg

Carlsberg

Carlsberg

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Carlsberg and Innogy

Benelux Bank Green Bonds: Looking for green value

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/CSPP+, Santander and AB InBev

Strategy: Steeper on vagueness, preferred senior on CSPP+

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Carlsberg, AT&T and Alliander

Carlsberg issues new 10yr bond, we see more value in the 2024 issue

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/BNP Paribas, Ahold, Carlsberg and Veolia

BNP Paribas (BNP) reported stable earnings and capital metrics for 1Q19 as the positive performance of the bank's international business compensated for the other divisions. BNP is well positioned to meet its NPS supply target for this year with another €5bn to be printed by the end of the year. Credit neutral. (For full story, download report)

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Carlsberg, BNP, Nordea, Handelsbanken

Carlsberg (CARLB) reported strong results with net revenue of DKK62,503m in FY18 on the back of 3% reported growth or 6.5% organic growth. This was split between 4.8% organic volume growth and 2% growth from price/mix. Beer volumes were up 4.4% organically. This was in particular supported by craft & specialty, which grew 26% in volume terms, while at the same time underpinning price/mix. Growth was supported by all regions with especially Asia performing strongly. Operating profit before special items grew 5.1% to DKK9,329m with organic growth of 11% but hampered by a 5.6% currency headwind. ...

Nikolaas Faes

Beverages: Carlsberg is our top pick

Beverages Carlsberg is our top pick CARLSBERG: 1/ Improved top-line performance… 2/ Margin catching up

Nikolaas Faes

Brewers | Lasting forever

In this research we analyze in depth the past and future organic revenue growth rates of the brewers. Over the past five years, AB InBev’s 4.9% annual organic revenue growth and Heineken’s 4.5%, look spectacular. However, as both have nearly 40% of their revenues from high-inflation countries, their inflation-corrected organic revenue growth rate has been a disappointing at 0.5% and 0.7%, respectively; well below the 2.1% that Royal Unibrew managed but better than the -1.4% from Carlsberg and the -3% from Molson Coors

MarketLine Department

Molson Coors Brewing Company - Strategy, SWOT and Corporate Finance Report

Summary Molson Coors Brewing Company - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Molson Coors Brewing Company (Molson Coors or the company) manufactures, markets and sells beer and other malt beverages through its subsidiaries. The company offers its products under a diverse portfolio of owned and partner brands, including Carling, Coors Light, Miller Lite, M...

MarketLine Department

San Miguel Corp - Strategy, SWOT and Corporate Finance Report

Summary San Miguel Corp - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights San Miguel Corporation (SMC) is a diversified company, involved in food and beverages, packaging, fuel and oil, power, and infrastructure businesses. The company’s product portfolio includes beer, hard liquor, processed meats, butter, margarine and cheese, ice cream and hot dogs. SMC also off...

MarketLine Department

Diageo plc - Strategy, SWOT and Corporate Finance Report

Summary Diageo plc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Diageo plc (Diageo or 'the company') produces and distributes a large collection of branded premium wine, beer and spirits. It markets a wide range of product portfolio including brandy, vodka, scotch, rum, whiskey,gin, tequila, and ready-to-drink (RTD) alcoholic beverages under various brands suc...

Expert Corporate Governance Service (ECGS)

Carslberg - March, 13 2019

In general, Carlsberg is in compliance with the Danish regulations relating to organisation and procedures of the Annual General Meeting. Under ITEM 2, the supervisory board seeks approval of the Company's financial statements as well as discharge from liability. Although ECGS has no concerns over the annual accounts, it does not approve of the discharge requested since there is no (legal) requirement for it in Denmark. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 5a, it is proposed to re-appoint Mr. Flemming Besenbacher as Chairman of the Supervisory board. Mr. Besenbacher is cur...

Carlsberg – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Squarely in the neutral camp At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. • We need to see more from cyclical value. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market (e.g., Materials, Energy, banks, major autos & parts, etc.)... see page 2. • Indicators supportive of a neutral outlook. Sever...

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