Carlsberg A/S (CPH:CARL.B)
Denmark · Delayed Price · Currency is DKK 875.20
+8.80 (1.02%)
Sep 4, 2026, 4:59 PM CET
Carlsberg Income Statement
Financials in millions DKK. Fiscal year is January - December.
Millions DKK. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 90,293 | 89,095 | 75,011 | 73,585 | 70,265 | 60,097 | |
Revenue Growth | 10.03% | 18.78% | 1.94% | 4.72% | 16.92% | 2.66% |
Cost of Revenue | 49,670 | 48,859 | 40,631 | 40,753 | 38,198 | 31,528 |
Gross Profit | 40,623 | 40,236 | 34,380 | 32,832 | 32,067 | 28,569 |
Selling, General & Admin | 27,630 | 28,084 | 23,660 | 22,462 | 21,604 | 18,890 |
Other Operating Expenses | -415 | -415 | 66 | -17 | 58 | 51 |
Operating Expenses | 27,215 | 27,669 | 23,726 | 22,445 | 21,662 | 18,941 |
Operating Income | 13,408 | 12,567 | 10,654 | 10,387 | 10,405 | 9,628 |
Interest Expense | -2,386 | -2,399 | -1,105 | -776 | -540 | -508 |
Interest & Investment Income | 325 | 385 | 468 | 441 | 267 | 139 |
Earnings From Equity Investments | 586 | 660 | 616 | 581 | 901 | 336 |
Currency Exchange Gain (Loss) | -613 | -357 | 189 | -211 | -219 | -52 |
Other Non Operating Income (Expenses) | 50 | 11 | -415 | -208 | -148 | 124 |
EBT Excluding Unusual Items | 11,370 | 10,867 | 10,407 | 10,214 | 10,666 | 9,667 |
Merger & Restructuring Charges | -1,577 | -1,649 | -767 | -258 | -131 | -266 |
Impairment of Goodwill | - | - | - | - | -700 | - |
Gain (Loss) on Sale of Investments | 13 | 13 | 5 | - | - | - |
Gain (Loss) on Sale of Assets | 84 | 84 | 44 | 47 | 79 | 77 |
Asset Writedown | -687 | -687 | -258 | -310 | -64 | -867 |
Other Unusual Items | 422 | 422 | 556 | 137 | 111 | 1,836 |
Pretax Income | 9,625 | 9,050 | 9,987 | 9,830 | 9,961 | 10,447 |
Income Tax Expense | 2,209 | 2,072 | 1,982 | 1,859 | 1,778 | 2,154 |
Earnings From Continuing Operations | 7,416 | 6,978 | 8,005 | 7,971 | 8,183 | 8,293 |
Earnings From Discontinued Operations | - | - | 2,258 | -47,748 | -8,075 | -284 |
Net Income to Company | 7,416 | 6,978 | 10,263 | -39,777 | 108 | 8,009 |
Minority Interest in Earnings | -1,021 | -1,023 | -1,147 | -1,011 | -1,171 | -1,163 |
Net Income | 6,395 | 5,955 | 9,116 | -40,788 | -1,063 | 6,846 |
Net Income to Common | 6,395 | 5,955 | 9,116 | -40,788 | -1,063 | 6,846 |
Net Income Growth | -26.81% | -34.67% | - | - | - | 13.53% |
Shares Outstanding (Basic) | 132 | 132 | 133 | 136 | 140 | 144 |
Shares Outstanding (Diluted) | 133 | 133 | 133 | 136 | 140 | 144 |
Shares Change | 0.13% | -0.29% | -2.59% | -2.67% | -2.84% | -1.67% |
EPS (Basic) | 48.37 | 45.06 | 68.73 | -299.72 | -7.60 | 47.59 |
EPS (Diluted) | 48.19 | 44.90 | 68.59 | -298.92 | -7.60 | 47.43 |
EPS Growth | -26.91% | -34.54% | - | - | - | 15.41% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 8,161 | 7,507 | 8,902 | 6,726 | 10,883 | 8,375 |
Free Cash Flow Per Share | 61.55 | 56.64 | 66.97 | 49.29 | 77.62 | 58.04 |
Dividend Per Share | 29.000 | 29.000 | 27.000 | 27.000 | 27.000 | 24.000 |
Dividend Growth | 7.41% | 7.41% | 0% | 0% | 12.50% | 9.09% |
Gross Margin | 44.99% | 45.16% | 45.83% | 44.62% | 45.64% | 47.54% |
Operating Margin | 14.85% | 14.11% | 14.20% | 14.12% | 14.81% | 16.02% |
Profit Margin | 7.08% | 6.68% | 12.15% | -55.43% | -1.51% | 11.39% |
Free Cash Flow Margin | 9.04% | 8.43% | 11.87% | 9.14% | 15.49% | 13.94% |
EBITDA | 18,406 | 17,474 | 14,388 | 13,919 | 13,961 | 13,639 |
EBITDA Margin | 20.39% | 19.61% | 19.18% | 18.92% | 19.87% | 22.70% |
D&A For EBITDA | 4,998 | 4,907 | 3,734 | 3,532 | 3,556 | 4,011 |
EBIT | 13,408 | 12,567 | 10,654 | 10,387 | 10,405 | 9,628 |
EBIT Margin | 14.85% | 14.11% | 14.20% | 14.12% | 14.81% | 16.02% |
Effective Tax Rate | 22.95% | 22.89% | 19.85% | 18.91% | 17.85% | 20.62% |