November 2, 2017 / 6:07 AM / in a month

Carlsberg lifts 2017 operating profit guidance despite slip in Q3 sales

COPENHAGEN, Nov 2 (Reuters) - Danish brewer Carlsberg said on Thursday third-quarter sales slipped more than expected, but it lifted its operating profit guidance for 2017.

The company said in a trading update that it expects organic operating profit growth of 7-8 percent in 2017, up from an earlier expectation of “mid-single-digit” percentage growth.

Carlsberg’s third-quarter net revenue slipped 1 percent in the quarter from a year earlier to 16.7 billion Danish crowns ($2.62 billion), below the 17.1 billion expected by analysts in a Reuters poll. (Reporting by Jacob Gronholt-Pedersen)

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