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Carlsberg raises FY'19 operating profit outlook

Carlsberg A/S on Aug. 8 raised its organic operating profit outlook for fiscal 2019 due to "strong financial performance" in the half-year period.

The Danish brewing company now expects high-single-digit percentage growth in organic operating profit for the full year, versus its previous guidance of mid-single-digit growth.

Carlsberg said organic net revenue increased by 4.2% in the fiscal first half of 2019, with organic total volume growth of 1.4% and strong operating margin improvement.

The brewer will release its half-year interim results on Aug. 15.