---
title: "《業績》嘉士伯去年自然經營溢利增長 5%  勝預期"
description: "全球第三大啤酒商嘉士伯去年自然經營溢利增長 5% 至 139.9 億丹麥克朗，優於市場預期，受惠於成本削減及收購 Britvic 帶來超出預期的收益。預計今年自然經營溢利將按年增長 2% 至 6%。去年啤酒銷量增長 17.7%，自然啤酒銷量下降 2%。剔除生力啤酒後西歐自然啤酒銷量增加 1.3%，亞洲市場下降 2.4%，中歐、東歐及印度市場跌 0.6%。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/274776422.md"
published_at: "2026-02-04T07:31:38.000Z"
---

# 《業績》嘉士伯去年自然經營溢利增長 5%  勝預期

> 全球第三大啤酒商嘉士伯去年自然經營溢利增長 5% 至 139.9 億丹麥克朗，優於市場預期，受惠於成本削減及收購 Britvic 帶來超出預期的收益。預計今年自然經營溢利將按年增長 2% 至 6%。去年啤酒銷量增長 17.7%，自然啤酒銷量下降 2%。剔除生力啤酒後西歐自然啤酒銷量增加 1.3%，亞洲市場下降 2.4%，中歐、東歐及印度市場跌 0.6%。

全球第三大啤酒商嘉士伯去年自然經營溢利增長 5% 至 139.9 億丹麥克朗，優於市場預期，受惠於成本削減以及收購汽水製造商 Britvic 帶來超出預期的收益。嘉士伯預計，今年自然經營溢利將按年增長 2% 至 6%。

去年嘉士伯啤酒銷量增長 17.7%，自然啤酒銷量下降 2%。當中，在剔除生力啤酒後西歐的自然啤酒銷量增加 1.3%，亞洲市場則下降 2.4%，而中歐、東歐以及印度市場亦跌 0.6%。

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