--- title: "\"Performance\" Carlsberg's natural operating profit grew by 5% last year, exceeding expectations" description: "The world's third-largest brewer Carlsberg saw its organic operating profit grow by 5% to DKK 13.99 billion last year, exceeding market expectations, benefiting from cost reductions and the acquisitio" type: "news" locale: "en" url: "https://longbridge.com/en/news/274776422.md" published_at: "2026-02-04T07:31:38.000Z" --- # "Performance" Carlsberg's natural operating profit grew by 5% last year, exceeding expectations > The world's third-largest brewer Carlsberg saw its organic operating profit grow by 5% to DKK 13.99 billion last year, exceeding market expectations, benefiting from cost reductions and the acquisition of Britvic, which brought in better-than-expected earnings. It is expected that this year's organic operating profit will grow by 2% to 6% year-on-year. Last year, beer sales increased by 17.7%, while organic beer sales declined by 2%. Excluding San Miguel beer, organic beer sales in Western Europe increased by 1.3%, while the Asian market declined by 2.4%, and the markets in Central Europe, Eastern Europe, and India fell by 0.6% The world's third-largest brewer, Carlsberg, saw its organic operating profit grow by 5% to DKK 13.99 billion last year, exceeding market expectations, benefiting from cost reductions and the acquisition of soft drink manufacturer Britvic, which brought in better-than-expected earnings. Carlsberg expects its organic operating profit to grow by 2% to 6% year-on-year this year. Last year, Carlsberg's beer sales increased by 17.7%, while organic beer sales declined by 2%. Excluding San Miguel beer, organic beer sales in Western Europe increased by 1.3%, while the Asian market saw a decline of 2.4%, and Central Europe, Eastern Europe, and the Indian market also fell by 0.6% ### Related Stocks - [00236.HK - SAN MIGUEL HK](https://longbridge.com/en/quote/00236.HK.md) - [159928.CN - China Universal CSI Consumer Staples ETF](https://longbridge.com/en/quote/159928.CN.md) - [512690.CN - Penghua CSI Alcoholic Drink ETF](https://longbridge.com/en/quote/512690.CN.md) - [BVIC.UK - Britvic plc](https://longbridge.com/en/quote/BVIC.UK.md) - [515170.CN - ChinaAMC CSI Food & Beverage Sub-Industry ETF](https://longbridge.com/en/quote/515170.CN.md) - [00291.HK - CHINA RES BEER](https://longbridge.com/en/quote/00291.HK.md) - [516900.CN - Huaan CSI SWS Food and Beverage ETF](https://longbridge.com/en/quote/516900.CN.md) - [600573.CN - HuiQuan Beer](https://longbridge.com/en/quote/600573.CN.md) - [159736.CN - Tianhong CSI Food and Beverage ETF](https://longbridge.com/en/quote/159736.CN.md) - [CABGY.US - Carlsberg](https://longbridge.com/en/quote/CABGY.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Steering With Agility, Discipline and Strategic Conviction, in a Transition Year | Pernod Ricard reported a 5.9% organic sales decline for H1 FY26, with a significant drop in the US and China due to inve | [Link](https://longbridge.com/en/news/276307546.md) | | Heineken Holding N.V. reports transactions under its current share buyback programme \| HKHHY Stock News | Heineken Holding N.V. has reported transactions under its share buyback programme, detailing the repurchase of 29,603 sh | [Link](https://longbridge.com/en/news/276052136.md) | | France's Danone FY sales rise 4.5% LFL on strong growth in China | France's Danone reported a 4.5% rise in FY 2025 sales, driven by strong growth in China and operational efficiencies, wi | [Link](https://longbridge.com/en/news/276417604.md) | | Carlsberg Lifts 2026 Outlook, Targets 2%--6% Organic Growth | Carlsberg (CABJF) has updated its 2026 outlook, projecting organic growth of 2% to 6% in operating profit, reflecting ca | [Link](https://longbridge.com/en/news/274862257.md) | | Carlsberg Reports Emissions Cuts and Higher Female Leadership in 2025 ESG Update | Carlsberg A/S has reported significant progress on its 2025 ESG targets, achieving a 12% reduction in absolute emissions | [Link](https://longbridge.com/en/news/274825324.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.