COPENHAGEN (dpa-AFX) - Danish brewer Carlsberg A/S (CABGY.PK) reported that its net revenue for the first quarter rose 5 percent from last year.
The company's net revenue for the first quarter increased 5 percent from the year-ago period to 13.7 billion Danish kroner.
Organic revenue growth in the quarter was 4 percent, while total volumes were flat organically.
For fiscal 2017, Carlsberg affirmed its outlook to deliver mid-single-digit percentage growth in organic operating profit and financial leverage reduction.
The company now projects positive translation impact of around 300 million Danish Kroner for the year, compared to the prior forecast of 350 million kroner.
Copyright RTT News/dpa-AFX