Carlsberg lifts 2022 growth outlook

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“The Group has delivered better-than-expected business performance, particularly as a consequence of strong on-trade recovery in our European markets and strong results in many Asian markets,” it said in a statement.

Carlsberg suspended production at its Ukrainian breweries after Russia’s invasion but has since managed to ramp up at all three sites meaning that its full-year operating result in Ukraine will now again be included in the operating profit.

It now expects “high single-digit-percentage organic growth in operating profit” this year. This replaces a previous guidance from April 21 of -5% to +2% operating growth.