COPENHAGEN (Reuters) - Danish brewer Carlsberg on Thursday raised its profit expectations for 2019 after strong first-half sales.
The company raised its expectation for organic operating profit to “high-single-digit” from “mid-single-digit” percentage growth.
In the first half, Carlsberg said it achieved “strong operating margin improvement” including organic net revenue up 4.2% and total organic volume growth up 1.4%.
The world’s third biggest brewer behind Anheuser Busch Inbev and Heineken, will publish full first-half results on August 15.
Carlsberg shares rose on the news to trade 5.3% higher at 0944 GMT.
Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely