BusinessQuiet 88d · day 88
Carlsberg raises guidance as soft drinks, alcohol-free beer offset beer decline
The Danish brewer's £3.3bn Britvic acquisition is delivering faster-than-expected returns as traditional beer volumes slip.
What to know
- Carlsberg raised earnings guidance after soft drinks surged 7.8% and alcohol-free beers outperformed traditional beer, which slipped 1%.
- The £3.3bn Britvic acquisition (closed 2025) is delivering benefits faster than expected, reshaping Carlsberg from a pure beer brewer into a diversified beverage company.
- The shift reflects broader industry trends: declining beer consumption in developed markets offset by growing demand for non-alcoholic and soft drink alternatives.
“The Danish beer giant said it has been supported by earlier-than-expected benefits from its £3.3 billion takeover of J2O maker Britvic last year.”
Carlsberg · Evening Standard
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