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Carlsberg lifts 2024 organic growth outlook, Q2 sales lag forecasts
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Carlsberg lifts 2024 organic growth outlook, Q2 sales lag forecasts
Aug 13, 2024 9:06 AM

COPENHAGEN (Reuters) -Danish brewer Carlsberg on Tuesday lifted its full-year organic growth outlook despite posting weaker-than-expected sales for the second quarter.

The company said it now expects full year organic operating profit at between 4-6%, up from previous 1-5%.

"As a result of continued solid execution and good cost control, we're increasing our earnings expectations for the year despite volumes in Q2 being challenged by bad weather and weak consumer sentiment in some Asian markets," CEO Jacob Aarup-Andersen said in a statement.

Carlsberg's sales for the April to June period came in at 21.64 billion Danish crowns ($3.14 billion) from 21.38 billion a year earlier, which was below the 22.1 billion forecast by analysts in a poll gathered by the company.

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