HomeStockCarlsberg expects working revenue development to gradual this 12 months By Reuters

Carlsberg expects working revenue development to gradual this 12 months By Reuters

© Reuters. FILE PHOTO: A brand of Carlsberg beer is seen on the doorway of a pub in Brussels, Belgium March 10, 2016. REUTERS/Yves Herman

COPENHAGEN (Reuters) -Danish brewer Carlsberg (OTC:) expects natural development in working revenue to fall in need of final 12 months’s stage, it stated on Friday after posting fourth-quarter gross sales above expectations.

Carlsberg stated natural working revenue is predicted to develop by 0-7% in 2022, down from 12.5% development final 12 months, citing greater prices and continued coronavirus restrictions.

“We’re very happy with the group’s 2021 efficiency. Though our enterprise was considerably impacted by COVID-19, we delivered sturdy prime and backside line development and free money stream,” Chief Govt Cees ‘t Hart stated in an announcement.

“The considerably greater enter prices and continued affect from COVID-19 will pose challenges in 2022, however we’re nicely ready.”

The world’s third-biggest brewer stated gross sales within the fourth quarter reached 15.2 billion Danish crowns ($2.34 billion), in opposition to 14.7 billion crowns estimated by analysts in an organization ballot.

($1 = 6.4918 Danish crowns)

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