The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. ...

CARLSBERG A/S H1 2024 RESULTS 1 Forward-looking statements This presentation contains forward-looking statements, including statements about the Group's sales, revenues, earnings, spending, margins, cash flow, inventory, products, actions, plans, strategies, objectives and guidance with respect to the Group's future operating results. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contai ...

财务数据和关键指标变化 - 总收入增长3.9%,其中销量增长1.4%,收入/公升提升2% [45][46] - 毛利率提升160个基点至46.3% [46][47] - 销售和营销投入大幅增加近20% [48][49] - 营业利润有机增长4.7%,报告增长1% [49][50] - 净利润下降3.4%,主要受汇率和财务费用上升影响 [51][52] 各条业务线数据和关键指标变化 - 啤酒销量增长1.4%,其他饮料销量下降2.4% [25][26] - 高端啤酒和无酒精啤酒表现良好,分别增长4%和6% [18][19][20] - 国际品牌如Carlsberg、Tuborg和1664 Blanc增长强劲 [21][22][23][24] 各个市场数据和关键指标变化 西欧 - 啤酒销量下降1.7%,其他饮料下降2.4% [26][27] - 收入/公升增长3%,主要由于价格上涨 [27][28] - 有机收入增长1.3%,报告增长2.6% [28] - 北欧、法国和英国表现不佳,波兰表现平稳 [29][30][31][32] 亚洲 - 啤酒销量增长2.5%,其他饮料下降2.5% [33][34] - 收入/公升有机增长3%,有机收入增长4.7% [34][35] - 中国、越南和老挝表现良好 [37][38][39][40] 中东欧及印度 - 销量有机增长4.5%,收入有机增长8.8%,利润有机增长14.1% [41][42] - 乌克兰和印度表现强劲 [43][44] 公司战略和发展方向及行业竞争 - 公司推出新战略,加大对长期增长动力的投资 [9][10][12] - 收购英国Britvic公司,将提升西欧和英国业务的增长和现金流 [13][14][15] - 收购印度和尼泊尔剩余股权,将加快这些市场的投资和发展 [11][60][62] - 收购丹麦Mikkeller和法国Brasserie du Pays Flamand少数股权,加强当地品牌组合 [57] 管理层对经营环境和未来前景的评论 - 尽管受到天气和消费情绪疲软的影响,但公司仍保持了良好的销量和利润增长 [5][6][7] - 预计下半年西欧市场将有所好转,但亚洲特别是中国市场仍将疲软 [63][64][65] - 公司将继续大幅增加销售和营销投入,以支持长期增长 [66][67] 其他重要信息 - 公司完成了对英国Carlsberg Marston's的收购,并签署了收购印度和尼泊尔剩余股权的协议 [11][59] - 公司维持了良好的营运资金管理,12个月平均营运资本/收入比率为负20.4% [53][54] - 公司将维持投资级信用评级,并计划在2027年前将净负债/EBITDA降至2.5倍以下 [15] 问答环节重要的提问和回答 问题1 **Trevor Stirling 提问** 询问下半年毛利率和营销投入的预期走势 [73][75][76][77] **Jacob Aarup-Andersen 回答** 公司将继续努力提升毛利率,但不会对具体数字进行指引 下半年营销投入将保持高单位数增长,但增幅将低于上半年 [75][76][77] 问题2 **Sanjeet Aujla 提问** 询问中国市场不同地区的表现情况,以及2025年原材料成本的对冲情况 [81][82][84][85] **Jacob Aarup-Andersen 回答** 中国市场一线城市表现相对较好,三四线城市和线下渠道受影响较大 2025年原材料成本已经有50%左右的套期保值 [82][84][85] 问题3 **Thomas Lind 提问** 询问业绩指引上调的具体原因,以及中国消费者情绪的变化 [90][91][92][93] **Jacob Aarup-Andersen 回答** 上半年业绩表现良好,成本控制得当,加上7月西欧市场的好转,是指引上调的主要原因 中国消费者情绪持续疲软,加上6-7月的恶劣天气进一步打击了业绩 [92][93]

Carlsberg shares were on course for their largest single-day decline in more than four years on Friday, after the British soft drinks maker Britvic said it had rejected the Danish brewer's £3.11 billion ($3.9 billion) takeover proposal. Shares of Carlsberg were down by 8.7% at 09:04 a.m. London time, according to LSEG data. This is the company's largest single-day share drop since March 12, 2020, when stock fell 8.77%. Britvic surged by 12.5% on the back of the same news. This breaking news story is being u ...

Carlsberg AS (CABGY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Si ...

Investors with an interest in Beverages - Alcohol stocks have likely encountered both Carlsberg AS (CABGY) and Diageo (DEO) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision t ...

公司背景 - Carlsberg是一家全球知名的啤酒品牌和企业[2] 营收分布 - CABGY的营收主要分布在西欧（50%）、亚洲（32%）和中东欧（18%）[2] 销量增长 - CABGY的销量增长一直是市场关注的焦点，近年来总体呈现平稳态势[3] 中国市场 - 中国市场是CABGY增长的亮点，预计未来将继续投资并扩大市场份额[5] 高端化趋势 - CABGY在高端化趋势和市场推广方面表现出色，预计将受益于这些长期利好因素[6] 毛利率提升 - 预计CABGY的毛利率将随着高端啤酒销量增加而提升，进而推动EBIT增长[7] 目标价值 - 根据估值模型，CABGY的目标价值为DKK1,134，预计未来两年将实现中等单位数增长[9] 健康意识风险 - 尽管存在健康意识增强可能对销量带来负面影响的风险，但CABGY的战略举措和市场定位使其未来增长前景积极[10] 估值吸引力 - CABGY的股票目前估值不高，风险回报比较有吸引力，投资者应关注OSG表现作为未来估值重新评估的关键指标[11]

Investors looking for stocks in the Beverages - Alcohol sector might want to consider either Carlsberg AS (CABGY) or Diageo (DEO) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estima ...

Carlsberg品牌销售 - Carlsberg品牌的啤酒销售在2023年不得不依靠提价，可能在新的财政年度继续采取这种策略[1] - 尽管所有业务的有机销量下降了0.5%，但收入增长了4.7%，达到了超过735亿丹麦克朗[2] - 中东欧地区的销量下降了4%，而西欧地区下降了2.3%[2] Brooklyn Brewery品牌 - Brooklyn Brewery是Carlsberg的明星品牌之一，有机销量增长了34%，无酒精选项增长了3%[3] 财务展望 - 管理层表示，通货膨胀的缓解将改善酿酒商的成本基础和2024年的收入，但没有给出销量增长目标[4] - 作为替代，全球第三大啤酒生产商计划将营运利润提高1%至5%，略低于分析师的共识[5] 市场扩张 - Carlsberg计划增加在中国和越南等国家的高端啤酒品牌的营销[6]

The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Carlsberg AS (CABGY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question. Carlsberg AS is one of 193 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks ...