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Breakingviews - New Carlsberg CEO's task: stay ahead of Heineken

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Breakingviews - New Carlsberg CEO's task: stay ahead of Heineken

Carlberg's new boss may struggle to maintain its newfound fizz. The $21 billion Danish brewer revealed on Tuesday that Chief Executive Cees 't Hart will retire after eight years at the helm. He boosted growth and cut costs, allowing the maker of Kronenbourg 1664 to raise its operating profit margin by some 3 percentage points between 2015 and 2022. The company now trades at nearly 11 times its expected EBITDA for 2023 according to Refinitiv data, a premium to arch rival Heineken .

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Breakingviews - New Carlsberg CEO's task: stay ahead of Heineken

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Breakingviews - New Carlsberg CEO's task: stay ahead of Heineken

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