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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