Carlsberg Expects 2020 Organic Operating Profit to Drop by High Single Digit Percentage
September 17 2020 - 09:14AM
Dow Jones News
By Allison Prang
Carlsberg A/S said it expects organic operating profit for the
year to fall by less than previously forecast.
The company on Thursday said it expects organic operating profit
to decline by a high single-digit percentage. It had been expecting
it to fall between 10% and 15%.
The company said it was changing it guidance because the outlook
for western China is better after Covid-19 restrictions have been
relaxed, solid volume development has continued in eastern Europe
and because August results were better than anticipated.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
September 17, 2020 08:59 ET (12:59 GMT)
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