0708 GMT - Carlsberg has joined peers in missing first-half volume expectations, AlphaValue analyst Filippo Ercole Piva writes. However, the company remains optimistic about the second half of 2025, Piva says. Despite the maturity of the European market, positive trends are emerging, particularly in the U.K., with an expectation that these will materialize in the third quarter. The Copenhagen-based brewer highlighted significant investments in the U.K. that are part of a long-term strategic plan. Conversely, the Asian market continues to present challenges, with limited visibility, he adds. The company also narrowed full-year guidance, expecting organic operating profit growth of 3% to 5%, from 1% to 5% previously. AlphaValue rates Carlsberg at add with a 1,004 Danish kroner ($157) target price. Shares trade 0.4% higher at 757 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

August 15, 2025 03:08 ET (07:08 GMT)

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