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Carlsberg Q3 profit climbs 7.4% YOY

Carlsberg A/S said its third-quarter normalized net income amounted to 12.58 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 12.55 kroner per share.

EPS climbed 8.1% year over year from 11.64 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.92 billion kroner, a gain of 7.4% from 1.79 billion kroner in the year-earlier period.

The normalized profit margin rose to 10.5% from 9.9% in the year-earlier period.

Total revenue totaled 18.30 billion kroner, compared with 18.12 billion kroner in the year-earlier period, and total operating expenses came to 14.92 billion kroner, compared with 14.87 billion kroner in the prior-year period.

Reported net income came to a loss of 4.50 billion kroner, or a loss of 29.50 kroner per share, compared with income of 2.10 billion kroner, or 13.70 kroner per share, in the prior-year period.

As of Nov. 11, US$1 was equivalent to 6.95 Danish kroner.