<p>[倫敦] 嘉士伯在週三（4 月 29 日）報告了超過一年以來首次的季度銷量增長，這為這家丹麥釀酒商帶來了一絲欣慰，因為該行業正面臨來自伊朗戰爭的挑戰，這些挑戰威脅着推高成本並影響需求。</p>
<p>作為全球第三大釀酒商，嘉士伯及其更大的同行安海斯 - 布希英博和喜力都在努力銷售更多啤酒，面臨的因素包括惡劣天氣和地緣政治不確定性。</p>
<p>現在，中東的衝突可能使罐頭、瓶子和化肥的價格上漲，並給飲酒者的錢包帶來更大壓力，同時也增加了對未來的擔憂。</p>
<p>嘉士伯首席執行官雅各布·阿魯普 - 安德森表示，即使衝突得到解決，供應鏈和商品的連鎖反應可能會持續到 2026 年大部分時間。</p>
<p>“我們正在為今年剩餘時間的持續危機做準備，” 他通過電話告訴路透社。</p>
<p>由於第一季度的銷量和收入超出預期，嘉士伯的股價在早盤交易中上漲超過 3%。</p>
<h3>在新的全球秩序中駕馭亞洲</h3>
<p>獲取洞察，送達您的郵箱。</p>
<p>在第一季度，總銷量有機增長 2.8%，超出分析師預期。2025 年銷量持續下降。</p>
<p>阿魯普 - 安德森表示，嘉士伯今年已對成本上漲進行了對沖，消費者情緒的影響迄今為止有限。嘉士伯預計在第二季度將再次銷售更多飲品，並預測全年銷量增長。這家生產包括克朗堡 1664、圖博格和索默斯比等品牌的公司在軟飲料領域的拓展超過了同行，這有助於緩解乏力的啤酒銷售。</p>
<p>RBC Capital 的分析師詹姆斯·愛德華斯·瓊斯表示，迴歸銷量增長是 “令人鼓舞的”。</p>
<p>另見</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/88e374ebf3774db50f3638f1363c9d65038326c031bcac41d3613e561b380d73/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/88e374ebf3774db50f3638f1363c9d65038326c031bcac41d3613e561b380d73/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>嘉士伯據説開始為印度子公司進行 7 億美元的 IPO 流程</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>嘉士伯因削減成本和與 Britvic 的交易而年利潤超出預期</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>嘉士伯可能出售部分亞洲業務，札幌正在洽談</h3>
<p>“這是一個不錯的季度，” 他繼續説道。路透社</p>
<p>解碼亞洲通訊：您在新的全球秩序中駕馭亞洲的指南。點擊這裏註冊以獲取解碼亞洲通訊，送達您的郵箱，免費。</p>

嘉士伯(ADR)

納斯達克食品飲料 ETF - First Trust

<p>嘉士伯 (ADR) 報告稱，儘管面臨可能增加成本和影響需求的伊朗危機，該公司在一年多以來首次實現季度銷量增長 2.8%。首席執行官雅各布·阿魯普 - 安德森表示，供應鏈的影響可能會持續到 2026 年。由於第一季度業績超出預期，嘉士伯的股價上漲超過 3%。嘉士伯預計在第二季度及全年將繼續實現銷售增長，得益於其在軟飲料領域的擴展，這緩解了啤酒銷量疲軟的問題。分析師認為本季度的表現令人鼓舞</p>

<p>[LONDON] Carlsberg on Wednesday (Apr 29) reported quarterly volume growth for the first time in over a year, bringing some cheer for the Danish brewer as the industry confronts challenges from the Iran war that threaten to drive up costs and hit demand.</p>
<div class="lb-trans"><p>[倫敦] 嘉士伯在週三（4 月 29 日）報告了超過一年以來首次的季度銷量增長，這為這家丹麥釀酒商帶來了一絲欣慰，因為該行業正面臨來自伊朗戰爭的挑戰，這些挑戰威脅着推高成本並影響需求。</p>
</div><p>The world’s third-largest brewer and its larger peers Anheuser-Busch InBev and Heineken have all been struggling to sell more beer in the face of factors ranging from bad weather to geopolitical uncertainty.</p>
<div class="lb-trans"><p>作為全球第三大釀酒商，嘉士伯及其更大的同行安海斯 - 布希英博和喜力都在努力銷售更多啤酒，面臨的因素包括惡劣天氣和地緣政治不確定性。</p>
</div><p>Now, conflict in the Middle East could make cans, bottles and fertiliser more expensive and place more strain on drinkers’ wallets, as well as increasing concerns about the future.</p>
<div class="lb-trans"><p>現在，中東的衝突可能使罐頭、瓶子和化肥的價格上漲，並給飲酒者的錢包帶來更大壓力，同時也增加了對未來的擔憂。</p>
</div><p>Carlsberg CEO Jacob Aarup-Andersen said that ripple effects on supply chains and commodities would likely last for most of 2026, even if there is a resolution to the conflict.</p>
<div class="lb-trans"><p>嘉士伯首席執行官雅各布·阿魯普 - 安德森表示，即使衝突得到解決，供應鏈和商品的連鎖反應可能會持續到 2026 年大部分時間。</p>
</div><p>“We’re planning for a continued crisis for the rest of the year,” he told Reuters by phone.</p>
<div class="lb-trans"><p>“我們正在為今年剩餘時間的持續危機做準備，” 他通過電話告訴路透社。</p>
</div><p>The brewer’s shares rose over 3 per cent in early trade as its first-quarter volumes and revenue surpassed expectations.</p>
<div class="lb-trans"><p>由於第一季度的銷量和收入超出預期，嘉士伯的股價在早盤交易中上漲超過 3%。</p>
</div><h3>Navigate Asia in  a new global order</h3>
<div class="lb-trans"><h3>在新的全球秩序中駕馭亞洲</h3>
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<div class="lb-trans"><p>獲取洞察，送達您的郵箱。</p>
</div><p>In the first quarter, total volumes rose 2.8 per cent organically and were ahead of analyst forecasts. Volumes declined throughout 2025.</p>
<div class="lb-trans"><p>在第一季度，總銷量有機增長 2.8%，超出分析師預期。2025 年銷量持續下降。</p>
</div><p>Carlsberg is hedged against cost increases this year and the impact on consumer sentiment has so far been limited, Aarup-Andersen said. Carlsberg expects to sell more drinks again in the second quarter and forecasts volume growth over the full year. The maker of brands including Kronenbourg 1664, Tuborg and Somersby has pushed further into soft drinks than its peers, which has helped buffer lacklustre beer sales.</p>
<div class="lb-trans"><p>阿魯普 - 安德森表示，嘉士伯今年已對成本上漲進行了對沖，消費者情緒的影響迄今為止有限。嘉士伯預計在第二季度將再次銷售更多飲品，並預測全年銷量增長。這家生產包括克朗堡 1664、圖博格和索默斯比等品牌的公司在軟飲料領域的拓展超過了同行，這有助於緩解乏力的啤酒銷售。</p>
</div><p>The return to volume growth was “encouraging”, James Edwardes Jones, an analyst at RBC Capital, said.</p>
<div class="lb-trans"><p>RBC Capital 的分析師詹姆斯·愛德華斯·瓊斯表示，迴歸銷量增長是 “令人鼓舞的”。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另見</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/88e374ebf3774db50f3638f1363c9d65038326c031bcac41d3613e561b380d73/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/88e374ebf3774db50f3638f1363c9d65038326c031bcac41d3613e561b380d73?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Carlsberg said to begin US$700 million IPO process for India unit</h3>
<div class="lb-trans"><h3>嘉士伯據説開始為印度子公司進行 7 億美元的 IPO 流程</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Carlsberg’s annual profits beat forecasts due to cost cuts, Britvic deal</h3>
<div class="lb-trans"><h3>嘉士伯因削減成本和與 Britvic 的交易而年利潤超出預期</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/b1e607f625beb0fa2bb6a1b6986a913de0edccf9e2b2cdc5209473f995c71af4?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>Carlsberg may sell some Asia operations, Sapporo in talks</h3>
<div class="lb-trans"><h3>嘉士伯可能出售部分亞洲業務，札幌正在洽談</h3>
</div><p>“This was a good quarter,” he continued. REUTERS</p>
<div class="lb-trans"><p>“這是一個不錯的季度，” 他繼續説道。路透社</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解碼亞洲通訊：您在新的全球秩序中駕馭亞洲的指南。點擊這裏註冊以獲取解碼亞洲通訊，送達您的郵箱，免費。</p>
</div>

Carlsberg sees sales growth through 2026 even as Iran crisis looms

嘉士伯預計銷售增長將持續到 2026 年，儘管伊朗危機正在逼近