Carlsberg sees mid-single-digit operating profit growth in 2020

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COPENHAGEN (Reuters) – Danish brewer Carlsberg (CO:) on Tuesday reported operating profit before special items for the second half of the year that was broadly in line with expectations and said it expects to deliver mid-single-digit organic operating profit growth in 2020.

The world’s third-largest brewer said sales in the second half came in at 5.29 billion Danish crowns ($782.96 million), compared with 5.26 billion expected by analysts in a poll compiled by Carlsberg. Its price/mix, which indicates whether the company sold more of its expensive beer, was 3% for the full year of 2019.

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