Consensus estimates

Last data input: Jun 25, 2019

Contributors: 28

Median / Actual (MDKK)	2018	2019e	2020e	2021e
Sales volume (m hl)	133.1	134.7	137.1	139.0
- Western Europe (m hl)	62.4	62.1	62.4	62.4
- Asia (m hl)	39.0	40.5	42.1	43.5
- Eastern Europe (m hl)	31.7	32.7	33.0	33.4
Net sales	62,503	65,509	67,540	69,787
- Western Europe	36,151	36,495	36,916	37,430
- Asia	15,530	17,712	19,013	20,433
- Eastern Europe	10,780	11,235	11,633	12,102
- Other sales	42	42	42	42
EBIT before special items	9,329	9,978	10,594	11,257
- Western Europe	5,425	5,570	5,787	5,972
- Asia	3,164	3,577	3,884	4,228
- Eastern Europe	2,222	2,320	2,424	2,553
- Other EBIT	-1,482	-1,508	-1,517	-1,528
Special items	-88	0	0	0
Net financials	-722	-725	-729	-741
EBT	8,519	9,266	9,837	10,496
Taxes	-2,386	-2,543	-2,663	-2,798
Profit before minorities	6,133	6,769	7,132	7,646
Minority interests	-824	-885	-932	-1,001
Net profit	5,309	5,875	6,198	6,689
EBIT margin (%)	15.0	15.3	15.6	16.0
Tax rate (%)	28.0	27.3	27.0	26.7
EPS (DKK)	34.8	39.4	42.5	46.5
Adjusted EPS (DKK)	35.2	39.1	42.9	46.9
DPS (DKK)	18.00	19.60	21.67	23.15
Free cash flow	6,156	6,888	7,335	7,773
Net interest-bearing debt	17,313	18,619	18,639	20,182

* Volume data is collected only once every quarter - prior to quarterly statements.

Recalculate data above, use data not older than:
14 days 1 month 3 months 6 months 1 year
or select date here:
or select date here:

Disclaimer

Download

CARLSBERG A/S (hereafter referred to as "The Company") is followed by the analyst(s) listed above. Please note that any opinions, estimates or forecasts regarding The Company's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of The Company or its management. The Company does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. Read more...

The information on these web pages does not represent opinions, forecasts or predictions of The Company nor its management. The Company has no control over the content, quality, nature or reliability of any such third party web pages, and shall have no liability whatsoever in respect to the information provided on these web pages. A link to a third party web page does not imply any endorsement, investigation or verification by The Company of any information contained on this web page, and the information is not intended to imply any endorsement of or provide any investment advice.

Eurolandcom AB does not represent or warrant that any information anywhere on these web pages is accurate or complete and it should not be relied upon as such. The information on these web pages is provided for informational purposes only. Any information on these web pages is of an indicative nature and does not, and is not intended to, constitute an offer, solicitation, invitation or recommendation to buy, sell or deliver (directly or indirectly) any securities or derivatives thereon, nor a representation that a purchase or sale thereof can be effected on the basis of such information or at any given price. The information on these web pages does not give rise to any legally binding obligation and/or agreement, including without limitation any obligation to update such information. It may not be reproduced, distributed or published in connection with any offer, solicitation, invitation or recommendation to subscribe for or to buy or sell any securities or derivatives thereon by any recipient. Each recipient shall be deemed to have made its own investigation and appraisal of the financial status of the companies in question. No liability whatsoever is accepted for any direct or consequential loss, expense or damage arising from or in connection with the use of the information on these web pages, including the data stated therein. Nor can this information be interpreted as advice for a particular investment strategy or for any other purpose.

Consensus estimates

Recalculate data above, use data not older than:

or select date here:

or select date here:

Recalculate data above,
use data not older than: