Carlsberg's Global Stance Amidst Volatile Markets

Carlsberg reported steady growth in China despite global economic uncertainties, maintaining its annual outlook despite first-quarter sales topping forecasts. The company remains unaffected by U.S. tariffs but wary of potential global economic impacts. Carlsberg saw a slight dip in organic sales volumes but remains optimistic for future growth.

Danish brewing giant Carlsberg has announced a robust opening quarter in China, despite an overall economic volatility, reassuring investors by maintaining its annual forecast. Reports reveal that the company's sales volumes surged by 14.5% during the period, majorly influenced by acquiring British soft drinks maker Britvic.

However, Carlsberg acknowledged experiencing slightly weaker organic sales, a 2.3% decline, highlighting a complex economic climate. While Donald Trump's tariffs on U.S. imports seem to spare Carlsberg, the potential backlash threatens global consumer confidence and could influence production costs due to raw material price fluctuations.

Carlsberg remains optimistic, projecting a 1-5% growth in organic profit, driven by a 17% revenue share in China, its biggest market. The firm's strategic push towards premium offerings in urban regions is key, even as mainstream brand sales dwindle against weak consumer sentiment in Western China.

(With inputs from agencies.)