Carlsberg (CPH:CARL B) Full Year 2024 Results
Key Financial Results
- Revenue: kr.75.0b (up 1.9% from FY 2023).
- Net income: kr.6.86b (down 1.5% from FY 2023).
- Profit margin: 9.1% (in line with FY 2023).
- EPS: kr.51.71.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Carlsberg EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%.
The primary driver behind last 12 months revenue was the Beverages - Western Europe segment contributing a total revenue of kr.38.1b (51% of total revenue). Notably, cost of sales worth kr.40.6b amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to kr.19.2b (70% of total expenses). Explore how CARL B's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Beverage industry in Europe.
Performance of the market in Denmark.
The company's shares are up 5.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Carlsberg you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About CPSE:CARL B
Carlsberg
Produces and sells beer and other beverage products in Denmark, China, the United Kingdom, and internationally.
Undervalued established dividend payer.
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