Carlsberg to look beyond beer for boost to earnings

The company is looking to develop its Garage and Somersby brands internationally.

Carlsberg is looking to expand into cocktails and ciders as it tries to drive earnings growth over the next five years.

Carlsberg expects earnings to grow faster than sales over the next five years as the Danish brewer expands in premium beers, no-alcohol brews, and other categories such as ready-to-drink cocktails and hard seltzer.

The company is forecasting an average annual increase in revenue of 3% to 5% between 2023 and 2027, Carlsberg said.