1. Denmark Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
Harboes Bryggeri A/S Class B

Harboes Bryggeri A/S Class B

120.00
DKK
0.00
(0.00%)
2.58EPS
45.10P/E
491.52MMarket Cap
Harboes Bryggeri A/S Class B
CPH:HARB_B
(Nasdaq Copenhagen)

Recent

price

120.00

P/E

ratio

45.10

div

yld

1.67%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
DKK
220.11
250.55
241.44
269.85
294.23
301.49
313.5
293
308.71
311
314.54
336.13
383.9
430.31
431.62
412.48
417.34
Revenue per Share
10.11
6.87
0.56
2.02
5.15
7.61
6.91
0.06
-2.91
-7.35
1.23
0.01
-1.02
12.97
10.61
6.4
2.58
Basic EPS, GAAP
6.43
-2.69
1.81
0.13
11.9
8.24
-1.51
-8.97
8.03
19.58
-5.86
11.71
-28.49
15.23
-7.01
-15.53
-10.62
Free Cash Flow per Basic Share
1.41
1.51
1.5
1.58
2.01
2
2
2
1.03
- -
- -
- -
- -
- -
2
2
2
Dividend per Share
150.36
140.88
140.66
134.23
152.28
161.41
166.18
164.46
167.6
159.56
160.98
161.24
160.23
173.25
181.91
186.4
188.6
Book Value per Share
145.69
134.42
133.87
127.87
146.12
156
161.64
159.68
162.09
155.06
157.81
159.77
159.23
172.3
181.02
185.53
187.74
Tangible Book Value per Share
6
6
6
5
5
5
5
5
4
4
4
4
4
4
4
4
4
Basic Weighted Avg Shares
1,321
1,410
1,344
1,420
1,371
1,376
1,431
1,338
1,370
1,380
1,328
1,419
1,621
1,817
1,823
1,742
1,763
Sales/Revenue/Turnover
5.5
3.67
0.1
0.45
2.26
3.88
2.98
0.2
-0.84
-2.39
0.11
-0.44
-0.52
3.87
2.8
2.2
1.59
Operating Margin (%)
130
81
81
90
91
91
91
95
111
105
98
100
88
81
79
81
81
Depreciation Expense
61
39
3
11
24
35
32
- -
-13
-33
5
- -
-4
55
45
27
11
Net Income, GAAP
25.27
24.88
24.68
- -
28.08
32.21
30.66
94.81
- -
- -
48.84
- -
- -
19.32
20.22
28.38
57.97
Effective Tax Rate (%)
4.59
2.74
0.23
0.75
1.75
2.53
2.2
0.02
-0.94
-2.36
0.39
- -
-0.27
3.01
2.46
1.55
0.62
Profit Margin (%)
-85
35
70
187
206
220
133
114
104
133
165
194
202
244
180
186
192
Working Capital
253
232
216
200
184
168
152
135
139
144
126
103
90
125
119
207
202
LT Debt
753
790
781
707
710
737
759
751
708
674
680
681
677
732
768
787
796
Total Equity
4.43
3.76
0.64
- -
2.84
4.37
3.66
0.06
- -
- -
0.61
- -
- -
6.91
5.33
3.26
1.57
Return on Invested Capital (%)
5.64
4.17
0.77
- -
2.94
4.05
3.73
0.06
- -
- -
1.02
- -
- -
6.99
5.52
3.27
1.55
Return on Capital (%)
8.18
5.01
0.4
1.43
3.39
4.81
4.22
0.03
-1.77
-4.72
0.77
0.01
-0.64
7.78
5.97
3.48
1.38
Return on Common Equity (%)

Capital Structure

DKK

•

in mil. unless spec.
Jan'26
Apr'26
Jul'27
ST Debt
91
137
95
LT Borrowings
78
115
113
LT Finance Leases
30
92
88
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
4
Market Capitalization
502
472
492

Working Capital

DKK

•

in mil. unless spec.
Jan'26
Apr'26
Jul'27
Total Current Assets
574
664
687
Cash, Cash Equivalents & STI
4
1
5
Accounts Receivable, Net
352
347
459
Inventories
209
220
215
Total Current Liabilities
409
478
495
Payables & Accruals
- -
- -
- -
ST Debt
91
137
95
Deferred Revenue
- -
- -
- -

Growth Rates

DKK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.74%
3.02%
2.46%
Free Cash Flow
-61.79%
-164.19%
121.6%
Net Income, GAAP
-1,916.27%
-2,790.46%
-39.66%
Sales/Revenue/Turnover
2.58%
5.81%
-4.43%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
502
472
435
414
1,823
2026
461
447
399
436
1,742
2027
482
- -
- -
- -
- -

Quarterly Earnings Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5.49
3.69
1.34
0.09
10.61
2026
3.26
2.39
-0.1
-0.13
6.4
2027
0.42
- -
- -
- -
- -

Quarterly Dividends Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
2
- -
- -
2
2026
- -
2
- -
- -
2
2027
- -
- -
- -
- -
- -
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Business
Harboes Bryggeri A/S is a Denmark-based company specializing in the production, distribution, and marketing of alcoholic and non-alcoholic beverages worldwide. Its core product portfolio includes beer, energy drinks, soft drinks, mineral water, fruit juices, and berry drinks, along with malt-based ingredients. The company’s beer brands comprise Bear Beer, Harboe, Darguner, Mecklenburger, and Viiking, while its energy drink offerings include XRAY and Hustler. It also produces malt beverages such as Hyper Malt and a variety of non-alcoholic soft drinks like Harboe Squash and Caribia. Additionally, Harboes Bryggeri manufactures turkey products, including fresh pre-packaged turkey parts, ground turkey, cold cuts, frankfurters, and turkey bacon. The company serves supermarket chains, retail companies, food and beverage manufacturers, and local and international distributors across more than 90 markets globally. Founded in 1883 and headquartered in Skælskør, Denmark, Harboes Bryggeri operates production facilities in Denmark and Germany, including the Skaelskoer and Darguner breweries. The company employs around 555 people and controls subsidiaries including Darguner Brauerei GmbH, Harboe Norge A/S, Harboe Sverige AB, Harboes Poland Sp z oo, Skaelskoer Bryghus A/S, Harboe Ejendomme A/S, and AS Viru Olu. Its global presence spans Europe, Africa, the Middle East, Asia, as well as North and South America. In the last 1-2 years, Harboes Bryggeri has focused on expanding its product range and strengthening market presence through innovation and sustainability initiatives. The company has developed new beverage varieties and enhanced its malt-based ingredient offerings to meet evolving consumer demands for quality, freshness, and sustainability. Harboes continues to invest in product development and operational improvements, leveraging its family-owned heritage combined with a global distribution network. The company remains listed on Nasdaq Copenhagen and maintains a strategic commitment to growth and quality within the brewing and beverage sector.