|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.46 - 36.89|
|52 Week Range||23.46 - 37.85|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||27.50|
|Forward Dividend & Yield||0.71 (1.90%)|
|Ex-Dividend Date||Mar. 16, 2021|
|1y Target Est||N/A|
COPENHAGEN (Reuters) -A rebound in Chinese beer sales in the first quarter helped Carlsberg to beat analyst expectations, even as lockdowns depressed markets in Western Europe, the Danish brewer said on Wednesday. The world's third-biggest brewer, after Heineken and Anheuser Busch Inbev, said volumes sold in China increased by more than 50% compared with the first three months of last year and by 20% from the same period in 2019. "This is more than just an easy comparison to last year," Chief Executive Cees 't Hart said at a conference call referring to the outbreak of the novel coronavirus that locked down China early last year.
German brewers have been forced to throw away unsold beer and have asked the government for financial aid as the coronavirus lockdown reduces demand, they said on Monday. German pubs, hotels and restaurants have been closed since November in the country’s second lockdown following the first one earlier last year. The brewers called on the German government to give beer breweries aid under the country’s programmes to help industry recover from the impact of the coronavirus crisis.
Heineken NV plans tocut about 8,000 jobs, the Dutch group said on Wednesday, seekingto restore operating margins to pre-pandemic levels after asharp decline in profit because of coronavirus restrictions. The world's second-largest brewer, which makes Europe's topselling lager Heineken as well as Tiger and Sol, said it wouldmake 2 billion euros ($2.42 billion) of savings over the threeyears to 2023 under the "EverGreen" plan of Chief Executive Dolfvan den Brink. Heineken said the savings would be achieved by redesigningits organisation, reducing the complexity and number of itsproducts and identifying its least effective spending.