Carlsberg Future Growth

Future criteria checks 4/6

Carlsberg is forecast to grow earnings and revenue by 31.7% and 4.5% per annum respectively while EPS is expected to grow by 33.6% per annum.

Key information

31.7%

Earnings growth rate

33.6%

EPS growth rate

Beverage earnings growth	6.7%
Revenue growth rate	4.5%
Future return on equity	n/a
Analyst coverage	Good
Last updated	n/a

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:CARLAC - Analysts future estimates and past financials data (DKK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	80,971	8,440	9,320	17,157	7
12/31/2024	77,695	7,905	9,259	15,206	20
12/31/2023	74,254	7,284	8,647	14,409	23
12/31/2022	70,454	-2,099	9,105	13,961	23
6/30/2022	73,409	7,475	11,732	15,900	N/A
3/31/2022	70,022	7,161	10,385	14,580	N/A
12/31/2021	66,634	6,846	9,038	13,259	N/A
9/30/2021	61,001	6,210	8,112	11,935	N/A
6/30/2021	58,383	5,888	7,981	11,555	N/A
3/31/2021	58,462	5,959	7,257	11,242	N/A
12/31/2020	58,541	6,030	6,532	10,928	N/A
9/30/2020	60,142	6,188	6,311	10,892	N/A
6/30/2020	61,742	6,345	6,090	10,855	N/A
3/31/2020	63,822	6,457	6,871	11,547	N/A
12/31/2019	65,902	6,569	7,651	12,239	N/A
9/30/2019	65,215	6,243	7,116	11,758	N/A
6/30/2019	64,527	5,917	6,580	11,276	N/A
3/31/2019	63,515	5,613	7,305	11,662	N/A
12/31/2018	62,503	5,309	8,030	12,047	N/A
9/30/2018	61,474	3,368	8,157	12,081	N/A
6/30/2018	60,445	1,426	8,283	12,115	N/A
3/31/2018	60,550	1,343	8,032	11,975	N/A
12/31/2017	60,655	1,259	7,781	11,834	N/A
9/30/2017	61,601	3,091	7,323	11,428	N/A
6/30/2017	62,547	4,923	6,864	11,022	N/A
3/31/2017	62,581	4,705	6,177	10,176	N/A
12/31/2016	62,614	4,486	5,489	9,329	N/A
9/30/2016	61,585	3,255	5,527	9,394	N/A
6/30/2016	64,195	-2,554	7,917	11,589	N/A
3/31/2016	67,505	-1,902	N/A	13,335	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CARLAC's forecast earnings growth (31.7% per year) is above the savings rate (1%).

Earnings vs Market: CARLAC's earnings (31.7% per year) are forecast to grow faster than the UK market (10.3% per year).

High Growth Earnings: CARLAC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CARLAC's revenue (4.5% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: CARLAC's revenue (4.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CARLAC's Return on Equity is forecast to be high in 3 years time

Carlsberg Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Carlsberg A/S Provides Earnings Guidance for the Year 2022

Carlsberg A/S Upgrades Financial Guidance for the Year 2022

Recent updates

Carlsberg A/S to Report Q2, 2025 Results on Aug 14, 2025

Carlsberg and Brooklyn Brewery Launch First Ever Lager Where All Barley Is Replacement with Drought-Resistant Fonio Grain

Carlsberg A/S Appoints Bob Kunze-Concewitz as Members of the Supervisory Board

Carlsberg A/S Announces Board Appointments

Carlsberg A/S, Annual General Meeting, Mar 11, 2024

An unknown buyer signed an agreement to acquire Russian business from Carlsberg A/S.

Carlsberg A/S Announces Supervisory Board Changes

Carlsberg A/S Announces Not Stand for Re-Election of Carl Bache as Director

Carlsberg A/S Proposes Dividend for 2022

Carlsberg A/S Provides Earnings Guidance for the Year 2022

Carlsberg A/S to Report First Half, 2023 Results on Aug 16, 2023

Carlsberg Group Appoints Ulrica Fearn as Member of the Executive Board, Effective 1 January 2023

Carlsberg A/S Upgrades Financial Guidance for the Year 2022

Carlsberg Announces the Resignation of Heine Dalsgaard as CFO, Effective 31 December 2022

Carlsberg, Nirma, Oaktree Capital and Cerberus in Race for Hindusthan National Glass

Carlsberg Reportedly in Talks to Sell Russian Unit to Chernogolovka

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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