Carlsberg AS Class B

CARL B: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Carlsberg Earnings: Beer Softness Overpowered by Soft Drinks Momentum

Verushka Shetty

Aug 19, 2026

Carlsberg’s half-year fiscal 2026 results included year-over-year organic revenue growth of 2.7% and operating profit growth of 5.9%. Volumes were up 1.7%, with mixed performance across regions. Due to the results missing consensus, shares fell around 4% in early trading on Aug. 19.

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Carlsberg AS Class B

Carlsberg Earnings: Beer Softness Overpowered by Soft Drinks Momentum

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