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description=Established in 1847 by brewer J.C. Jacobsen, Carlsberg Group is one of the leading brewery groups in the world today, with a large portfolio of beer and other beverage brands.;

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investor relations debt investor carlsberg group menu search submit who we are about the carlsberg group our rich heritage our purpose our strategy global presence executive committee supervisory board integrated supply chain carlsberg shared services the carlsberg family the carlsberg foundation the new carlsberg foundation the tuborg foundation carlsberg research laboratory corporate governance supervisory board governance board committees diversity remuneration living by our compass and speak up internal control risk management beers you love careers pursuit of better about the carlsberg research lab groundbreaking research brewing science technology new ingredients raw materials yeast fermentation carlsberg young scientists community scientific discoveries ph scale purifying yeast sequencing the barley genome more stories sustainability our esg programme esg summary 2025 cutting carbon protecting nature inspiring choice empowering people our commitment to responsible business conduct report policies 2025 annual report policies reports investor relations investor home h1 2026 financial statement conference call company announcements reports downloads faq calendar contact investor relations subscribe shares share price latest trades investment calculator historical lookup interactive analysis tool adr share programme fact sheet shareholders investor portal shareholder returns share capital shareholder privacy policy corporate governance annual general meeting analysts estimates consensus estimates recommendation debt investor credit rating bond issuance euro commercial paper programme news room latest news image gallery press contact debt investor financial policy and leverage it is carlsberg s intention to maintain an investment grade credit rating which defines the overall risk capacity for the group the group will therefore seek to ensure a financial profile in line with the investment grade rating and more specifically ensure a debt leverage measured by nibd net interest bearing debt to ebitda earnings before interest tax depreciation and amortisation nibd ebitda of below 2 5x funding and financial risk management is handled centrally to ensure uniform risk evaluation risk aggregation and optimisation from a group perspective with the aim to ensure diversified sources of funding and smooth maturity profile risk perception is to actively manage exposures ample capital resources available at all times committed to retaining investment grade credit rating debt investor shortcuts credit rating bond issuance euro commercial paper programme total funding debt funding sources the group s main long term funding sources are senior bonds issued under the european medium term note emtn programme and us private placements issued by britvic ltd and subordinated hybrid bonds the group s short term financing includes euro commercial papers and committed bank facilities the main committed bank facility is a eur 2bn revolving credit facility due december 2030 allocation as at 31 may 2026 carlsberg breweries a s j c jacobsens gade 1 1799 copenhagen v denmark phone 45 3327 3300 email protected privacy cookies terms of use acceptable use contact subscribe speakup manage cookies social media disclosure policy select your location carlsberggroup com western europe denmark danish finland finnish france french germany german norway norwegian poland polish sweden swedish switzerland german french italian english united kingdom english central eastern europe and india azerbaijan azerbaijani english belarus belarusian russian bulgaria bulgarian canada canada croatia croatian estonia estonian russian greece greek english hungary hungarian english india english italy italian kazakhstan kazakh russian english latvia latvian lithuania lithuanian nepal english serbia serbian ukraine ukrainian english asia cambodia khmer china chinese hong kong sar english laos english malaysia english myanmar english singapore english vietnam vietnamese english who we are about the carlsberg group our rich heritage our purpose our strategy global presence executive committee supervisory board integrated supply chain carlsberg shared services the carlsberg family the carlsberg foundation the new carlsberg foundation the tuborg foundation carlsberg research laboratory corporate governance supervisory board governance board committees diversity remuneration living by our compass and speak up internal control risk management beers you love careers pursuit of better about the carlsberg research lab groundbreaking research brewing science technology new ingredients raw materials yeast fermentation carlsberg young scientists community scientific discoveries ph scale purifying yeast sequencing the barley genome more stories sustainability our esg programme esg summary 2025 cutting carbon protecting nature inspiring choice empowering people our commitment to responsible business conduct report policies 2025 annual report policies reports investor relations investor home h1 2026 financial statement conference call company announcements reports downloads faq calendar contact investor relations subscribe shares share price latest trades investment calculator historical lookup interactive analysis tool adr share programme fact sheet shareholders investor portal shareholder returns share capital shareholder privacy policy corporate governance annual general meeting analysts estimates consensus estimates recommendation debt investor credit rating bond issuance euro commercial paper programme news room latest news image gallery press contact select your location carlsberggroup com western europe denmark danish finland finnish france french germany german norway norwegian poland polish sweden swedish switzerland german french italian english united kingdom english central eastern europe and india azerbaijan azerbaijani english belarus belarusian russian bulgaria bulgarian canada canada croatia croatian estonia estonian russian greece greek english hungary hungarian english india english italy italian kazakhstan kazakh russian english latvia latvian lithuania lithuanian nepal english serbia serbian ukraine ukrainian english asia cambodia khmer china chinese hong kong sar english laos english malaysia english myanmar english singapore english vietnam vietnamese english search