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 | Q2 2026 | Q4 2025 | Q2 2025 | Q2 2024 | Q4 2023 | Q2 2023 | Q2 2022 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 7,060 | 7,121 | 5,553 | 5,881 | 2,479 | 8,134 | 8,380 | 6,539 |
| Depreciation and amortization | 2,858 | 3,066 | 2,767 | 2,087 | 2,024 | 1,957 | 2,128 | 2,439 |
| Capital expenditure | -3,369 | -2,408 | -2,516 | -2,181 | -2,095 | -1,792 | -1,606 | -2,244 |
| Investing cash flow | -4,298 | -2,093 | -31,780 | 122 | -4,405 | -2,324 | -1,086 | -2,804 |
| Financing cash flow | -3,248 | -4,298 | 24,140 | -8,696 | 1,670 | -300 | -2,248 | -3,930 |
| Dividends paid | -3,844 | — | -3,569 | -3,601 | — | -3,695 | -3,389 | — |
| Share repurchases | — | -4.0 | — | -1,899 | -1,911 | -1,289 | -1,967 | -2,337 |
| Debt issued | — | 5,400 | 28,241 | — | 9,697 | 5,575 | 3,848 | 14.0 |
| Debt repaid | -12,199 | -9,362 | — | -2,277 | -5,901 | — | — | -1,460 |
| Effect of exchange rates | 86.0 | -75.0 | -547 | 20.0 | -214 | -1,015 | 391 | 299 |
| Net change in cash | -400 | 675 | -2,634 | -2,673 | 2,157 | 3,062 | 4,943 | -32.0 |
| Free cash flow | 3,691 | 4,713 | 3,037 | 3,700 | 384 | 6,342 | 6,774 | 4,295 |
| Levered free cash flow | 2,546 | 4,984 | 423 | 3,551 | 8,450 | 4,857 | -3,354 | 7,523 |