Carlsberg sees better-than-expected sales pickup amid Covid-19 slump                        

Danish brewer Carlsberg said on it expects a smaller than forecast drop in first-half operating profit as its key Chinese market rebounded strongly during the second quarter, sending its shares up 5%.

Danish brewer Carlsberg said it expects a smaller than forecast drop in first-half operating profit as its key Chinese market rebounded strongly during the second quarter, sending its shares up 5%.

The world’s third-biggest brewer after Anheuser Busch InBev and Heineken said it expects a decline in operating profit of 9% in the first six months of the year, compared to analysts’ consensus forecast for a 26% fall, according to a Jeffries note to clients.