Carslberg raises profits forecast despite increased costs

The upgraded guidance shows consumers are still drinking beer despite higher prices now that bars and restaurants have re-opened after pandemic lockdowns.

Carlsberg has raised its 2022 profits forecast after better beer sales in Europe and Asia outweighed higher input costs.

The Danish brewer said it expects “high single-digit-percentage organic growth” in 2022 operating profit, according to a statement. Carlsberg, which also makes the Tuborg brand, had previously forecast between a 5% decline and 2% growth.