---
title: "《业绩》嘉士伯去年自然经营溢利增长 5%  胜预期"
description: "全球第三大啤酒商嘉士伯去年自然经营溢利增长 5% 至 139.9 亿丹麦克朗，优于市场预期，受惠于成本削减及收购 Britvic 带来超出预期的收益。预计今年自然经营溢利将按年增长 2% 至 6%。去年啤酒销量增长 17.7%，自然啤酒销量下降 2%。剔除生力啤酒后西欧自然啤酒销量增加 1.3%，亚洲市场下降 2.4%，中欧、东欧及印度市场跌 0.6%。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/274776422.md"
published_at: "2026-02-04T07:31:38.000Z"
---

# 《业绩》嘉士伯去年自然经营溢利增长 5%  胜预期

> 全球第三大啤酒商嘉士伯去年自然经营溢利增长 5% 至 139.9 亿丹麦克朗，优于市场预期，受惠于成本削减及收购 Britvic 带来超出预期的收益。预计今年自然经营溢利将按年增长 2% 至 6%。去年啤酒销量增长 17.7%，自然啤酒销量下降 2%。剔除生力啤酒后西欧自然啤酒销量增加 1.3%，亚洲市场下降 2.4%，中欧、东欧及印度市场跌 0.6%。

全球第三大啤酒商嘉士伯去年自然经营溢利增长 5% 至 139.9 亿丹麦克朗，优於市场预期，受惠於成本削减以及收购汽水制造商 Britvic 带来超出预期的收益。嘉士伯预计，今年自然经营溢利将按年增长 2% 至 6%。

去年嘉士伯啤酒销量增长 17.7%，自然啤酒销量下降 2%。当中，在剔除生力啤酒后西欧的自然啤酒销量增加 1.3%，亚洲市场则下降 2.4%，而中欧、东欧以及印度市场亦跌 0.6%。

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