Carlsberg Reports Net Profit, Proposes Dividend Increase

Danish brewer Carlsberg reports a net profit for fiscal 2024 after a loss last year, alongside an anticipated dividend payout. While projecting modest growth for 2025, the company faces challenges from brand loss in the UK, which might influence investor sentiment.

Date: 06-02-2025

AI Rating: 7

Earnings Per Share (EPS): Adjusted earnings per share for continuing operations rose to 54.9 kroner, an increase of 0.6 percent from the previous year. This reflects a positive trend in profitability metrics and could boost investor confidence.

Net Income: Carlsberg reported a net profit of 9.12 billion kroner for fiscal 2024, a significant turnaround from the prior year's loss of 40.79 billion kroner. This substantial recovery in net income is a strong indicator of the company's improving financial health.

Revenue Growth: Revenue for the year stood at 75.01 billion kroner, up 1.9 percent from 73.59 billion kroner last year. The organic revenue growth was 2.4 percent, suggesting that the company's core operations are performing well despite market challenges.

Profit Margins: Operating profit before special items grew to 11.41 billion kroner, reflecting a year-over-year increase of 2.8 percent, alongside an EBITDA growth to 15.78 billion kroner, indicating healthy profit margins.

Future Outlook: Looking ahead to fiscal 2025, Carlsberg projects organic operating profit growth of 1 to 5 percent, though this includes a forecasted negative impact on growth from brand loss. While the growth projection is modest, it reflects cautious optimism amidst operational challenges.

Stocks: CABGY