Consumer
Carlsberg Sees Higher Profit as Cost Cuts Offset Weak Demand
- Brewer now expects 2024 operating profit to rise by up to 6%
- Consumer groups are grappling with weak consumer sentiment
This article is for subscribers only.
Carlsberg A/S increased its profit growth outlook for the year as cost controls helped the Danish brewer to offset weaker consumer demand.
Organic operating profit will rise between 4% and 6% this year, up from previous guidance of between 1% and 5%, the Tuborg maker said Tuesday.