Carlsberg profits boosted in 2018 by World Cup, warm summer

Danish brewer Carlsberg says its full-year 2018 net profit soared to 5.31 billion kroner ($811 million), up from 1.26 billion kroner, on strong beer sales across its major markets, boosted by unusually hot weather in western Europe and the World Cup

Revenue increased 3 percent to 62.5 billion kroner and CEO Cees 't Hart said the Copenhagen-based group had "delivered a strong set of results for 2018."

Carlsberg didn't publish net income figures for the fourth quarter of 2018. It said its operating profit outlook for 2019 was "mid-single-digit percentage organic growth."

The brewer noted an increase in revenue in Asia and eastern Europe.

Hart added they will recommend "a 13 percent increase in dividend to 18 kroner per share and initiate a share buy-back program of 4.5 billion kroner ($688 million), leading to cash returns to shareholders for the year of 7.2 billion kroner ($1.1 billion)."

Carlsberg shares rose nearly 4 percent in Copenhagen to 780.8 kroner.