Carlsberg Could Guide to EBIT Growth of 2%-6% -- Market Talk

Dow Jones

Jan 08

0933 GMT - Carlsberg management could guide for 2026 EBIT growth of 2% to 6%, Citi analysts Simon Hales and Sunny Wadhwani write. The bank reduces its full-year 2025 volumes estimate slightly, now expecting a 2% decrease. This reflects a bigger headwind from the loss of its San Miguel license, partially offset by the start of the company's Pepsi distribution deal in Kazakhstan. Looking ahead, Citi expects 2026 organic group volume growth of 2.3%, organic sales growth of 4.0% and organic EBIT growth of 5.7%, the latter helped by 230 basis points of Britvic cost synergies. "Carlsberg is our top pick in an attractive broader beer sector for 2026." Citi rates Carlsberg stock at buy with a 1,040 Danish kroner target price. Shares rise 1.8% to 831.60 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 04:34 ET (09:34 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2601878357"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2601878357\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2601878357?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-08 17:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2601878357","market":"other","top_or_hot":-1,"title":"Carlsberg Could Guide to EBIT Growth of 2%-6% -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0933 GMT - Carlsberg management could guide for 2026 EBIT growth of 2% to 6%, Citi analysts Simon Hales and Sunny Wadhwani write. The bank reduces its full-year 2025 volumes estimate slightly, now expecting a 2% decrease. This reflects a bigger headwind from the loss of its <a href=\"https://laohu8.com/S/SMGBF\">San Miguel</a> license, partially offset by the start of the company's Pepsi distribution deal in Kazakhstan. Looking ahead, Citi expects 2026 organic group volume growth of 2.3%, organic sales growth of 4.0% and organic EBIT growth of 5.7%, the latter helped by 230 basis points of Britvic cost synergies. \"Carlsberg is our top pick in an attractive broader beer sector for 2026.\" Citi rates Carlsberg stock at buy with a 1,040 Danish kroner target price. Shares rise 1.8% to 831.60 kroner. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 04:34 ET (09:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carlsberg Could Guide to EBIT Growth of 2%-6% -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarlsberg Could Guide to EBIT Growth of 2%-6% -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-08 17:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0933 GMT - Carlsberg management could guide for 2026 EBIT growth of 2% to 6%, Citi analysts Simon Hales and Sunny Wadhwani write. The bank reduces its full-year 2025 volumes estimate slightly, now expecting a 2% decrease. This reflects a bigger headwind from the loss of its <a href=\"https://laohu8.com/S/SMGBF\">San Miguel</a> license, partially offset by the start of the company's Pepsi distribution deal in Kazakhstan. Looking ahead, Citi expects 2026 organic group volume growth of 2.3%, organic sales growth of 4.0% and organic EBIT growth of 5.7%, the latter helped by 230 basis points of Britvic cost synergies. \"Carlsberg is our top pick in an attractive broader beer sector for 2026.\" Citi rates Carlsberg stock at buy with a 1,040 Danish kroner target price. Shares rise 1.8% to 831.60 kroner. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 08, 2026 04:34 ET (09:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBIT","symbol_name":"Harbor AlphaEdge Small Cap Earners ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601878357","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601878357","pubTimestamp":1767864840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0933 GMT - Carlsberg management could guide for 2026 EBIT growth of 2% to 6%, Citi analysts Simon Hales and Sunny Wadhwani write. The bank reduces its full-year 2025 volumes estimate slightly, now expecting a 2% decrease. This reflects a bigger headwind from the loss of its San Miguel license, partially offset by the start of the company's Pepsi distribution deal in Kazakhstan. Looking ahead, Citi expects 2026 organic group volume growth of 2.3%, organic sales growth of 4.0% and organic EBIT growth of 5.7%, the latter helped by 230 basis points of Britvic cost synergies. \"Carlsberg is our top pick in an attractive broader beer sector for 2026.\" Citi rates Carlsberg stock at buy with a 1,040 Danish kroner target price. Shares rise 1.8% to 831.60 kroner. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EBIT":"Harbor AlphaEdge Small Cap Earners ETF","CABGY":"Carlsberg AS","BK4158":"啤酒酿造商"},"translate_title":"嘉士伯可能引导息税前利润增长2%-6%——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBIT":1.5,"CABGY":0.9},"content_text":"0933 GMT - Carlsberg management could guide for 2026 EBIT growth of 2% to 6%, Citi analysts Simon Hales and Sunny Wadhwani write. The bank reduces its full-year 2025 volumes estimate slightly, now expecting a 2% decrease. This reflects a bigger headwind from the loss of its San Miguel license, partially offset by the start of the company's Pepsi distribution deal in Kazakhstan. Looking ahead, Citi expects 2026 organic group volume growth of 2.3%, organic sales growth of 4.0% and organic EBIT growth of 5.7%, the latter helped by 230 basis points of Britvic cost synergies. \"Carlsberg is our top pick in an attractive broader beer sector for 2026.\" Citi rates Carlsberg stock at buy with a 1,040 Danish kroner target price. Shares rise 1.8% to 831.60 kroner. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 08, 2026 04:34 ET (09:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}