Carlsberg A/S (CARL-B) — Cash Flow Reinvestment Rate
Carlsberg A/S (CARL-B) has a Cash Flow Reinvestment Rate of 0.39x as of December 2025, reinvesting Dkr2.88 Billion (capex Dkr2.88 Billion ) from operating cash flow of Dkr7.41 Billion. Explore reinvestment intensity of Carlsberg A/S to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Carlsberg A/S Cash Flow Reinvestment Rate (2002–2025)
Historical reinvestment intensity for Carlsberg A/S across 24 annual periods. Also explore CARL-B total assets for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for Carlsberg A/S (2002–2025)
Year-by-year capital reinvestment analysis for Carlsberg A/S. For live market cap and broader valuation context, see Carlsberg A/S (CARL-B) market capitalisation.
| Year | Reinvestment Rate | Total Reinvested (DKK) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.43x | Dkr5.62 Billion | Dkr13.04 Billion | Dkr5.59 Billion | ▼ -10.8% |
| 2024 | 0.48x | Dkr6.55 Billion | Dkr13.57 Billion | Dkr5.03 Billion | ▼ -49.0% |
| 2023 | 0.95x | Dkr10.97 Billion | Dkr11.61 Billion | Dkr4.24 Billion | ▲ +72.8% |
| 2022 | 0.55x | Dkr7.08 Billion | Dkr12.95 Billion | Dkr4.02 Billion | ▲ +69.8% |
| 2021 | 0.32x | Dkr4.27 Billion | Dkr13.26 Billion | Dkr4.22 Billion | ▼ -20.2% |
| 2020 | 0.40x | Dkr4.41 Billion | Dkr10.93 Billion | Dkr4.40 Billion | ▲ +7.2% |
| 2019 | 0.38x | Dkr4.61 Billion | Dkr12.24 Billion | Dkr4.59 Billion | ▼ -17.8% |
| 2018 | 0.46x | Dkr5.51 Billion | Dkr12.05 Billion | Dkr4.03 Billion | ▲ +25.8% |
| 2017 | 0.36x | Dkr4.30 Billion | Dkr11.83 Billion | Dkr4.05 Billion | ▼ -25.5% |
| 2016 | 0.49x | Dkr4.55 Billion | Dkr9.33 Billion | Dkr3.84 Billion | ▲ +18.2% |
| 2015 | 0.41x | Dkr4.19 Billion | Dkr10.14 Billion | Dkr4.15 Billion | ▼ -48.8% |
| 2014 | 0.81x | Dkr5.97 Billion | Dkr7.41 Billion | Dkr5.91 Billion | ▲ +22.3% |
| 2013 | 0.66x | Dkr5.99 Billion | Dkr9.08 Billion | Dkr5.81 Billion | ▲ +28.4% |
| 2012 | 0.51x | Dkr5.07 Billion | Dkr9.87 Billion | Dkr5.07 Billion | ▲ +3.8% |
| 2011 | 0.50x | Dkr4.37 Billion | Dkr8.81 Billion | Dkr4.37 Billion | ▲ +61.6% |
| 2010 | 0.31x | Dkr3.38 Billion | Dkr11.02 Billion | Dkr3.38 Billion | ▲ +32.4% |
| 2009 | 0.23x | Dkr3.15 Billion | Dkr13.63 Billion | Dkr3.15 Billion | ▼ -71.8% |
| 2008 | 0.82x | Dkr6.41 Billion | Dkr7.81 Billion | Dkr6.41 Billion | ▼ -29.1% |
| 2007 | 1.16x | Dkr5.60 Billion | Dkr4.84 Billion | Dkr5.60 Billion | ▲ +45.3% |
| 2006 | 0.80x | Dkr3.56 Billion | Dkr4.47 Billion | Dkr3.56 Billion | ▲ +18.3% |
| 2005 | 0.67x | Dkr3.19 Billion | Dkr4.73 Billion | Dkr3.19 Billion | ▲ +1168.0% |
| 2004 | 0.05x | Dkr202.00 Million | Dkr3.81 Billion | Dkr202.00 Million | ▼ -80.3% |
| 2003 | 0.27x | Dkr1.22 Billion | Dkr4.52 Billion | Dkr1.22 Billion | ▼ -50.0% |
| 2002 | 0.54x | Dkr2.99 Billion | Dkr5.55 Billion | Dkr2.99 Billion | — |