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12 February 2026

Carlsberg warns of tough 2026

Denmark | Danish brewer Carlsberg reported a 5 percent rise in full-year operating profit, beating analyst expectations. This was helped by cost-cutting and stronger-than-anticipated benefits from its acquisition of soft drinks maker Britvic last year, which also doubled the share of soft drinks in its portfolio to 30 percent of volumes. Yet, Carlsberg warned on 4 February it did not expect any improvements in a stubbornly difficult consumer environment.

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