Carlsberg
kr 857.20Change from previous close: +1.81%Absolute change: +kr 15.20
At a glance
- Revenue growth
- +18.78%
- 2025 vs 2024
- Net income growth
- −34.68%
- 2025 vs 2024
- Net margin
- 6.7%
- 2024: 12.2%
Financial data
Amounts in millions of DKK; per-share values in DKK; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 12,431 | 13,570 | 10,613 | 14,901 | 12,278 |
| Depreciation and amortization | 5,533 | 4,327 | 3,981 | 3,942 | 4,396 |
| Capital expenditure | -4,924 | -4,668 | -3,887 | -4,018 | -3,903 |
| Investing cash flow | -34,098 | -1,518 | -6,729 | -3,441 | -4,067 |
| Financing cash flow | 20,310 | -13,935 | 1,370 | -9,764 | -8,945 |
| Dividends paid | -3,569 | -3,601 | -3,695 | -3,389 | -3,187 |
| Share repurchases | -4.0 | -1,960 | -3,200 | -4,400 | -3,600 |
| Debt issued | 34,109 | 6,096 | 15,272 | 4,878 | 14.0 |
| Debt repaid | -9,362 | -8,007 | -5,901 | -6,006 | -1,622 |
| Effect of exchange rates | -602 | 11.0 | -1,229 | -683 | 458 |
| Net change in cash | -1,959 | -1,872 | 5,219 | -181 | 386 |
| Free cash flow | 7,507 | 8,902 | 6,726 | 10,883 | 8,375 |
| Levered free cash flow | 5,606 | 1,582 | 13,307 | 699 | 12,056 |