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Danish brewer Carlsberg on Thursday reported a 9 percent jump in first-quarter sales, partly buoyed by Asian drinkers switching to more expensive beers. Positive currency movements and an acquisition in Cambodia also helped the world's third-largest brewer, behind Anheuser Busch InBev and Heineken, grow Asian sales by 28 percent year-on-year in the first quarter ended March, it said. Carlsberg has taken major cost-cutting measures since Hart took over in 2015, intended to help redress a decade of weakness in its key market Russia.
COPENHAGEN (Reuters) - Danish brewer Carlsberg has bought a minority stake in Chinese micro brewery Jing-A, the company said on Friday. Carlsberg will distribute beer produced by Beijing-based Jing-A while ...
Danish brewer Carlsberg's sales rose last year for the first time in three years, helped by strength in China and the long, hot summer in Northern Europe and Russia, but it warned it expects slower growth in 2019. The world's third-largest brewer behind Anheuser Busch InBev and Heineken, has been through a major cost-cutting programme since Chief Executive Cees 't Hart took over in 2015, intended to help redress a decade of weakness in its key market Russia. Carlsberg took control of Russian brand Baltika in 2008, shortly before the Russian market was hit by a weak economy, advertising restrictions and tax hikes to curb drinking.
COPENHAGEN (Reuters) - Danish brewer Carlsberg (CARLb.CO) on Thursday posted stronger-than-expected third-quarter sales and confirmed its recently lifted operating profit growth outlook for this year of ...
COPENHAGEN (Reuters) - Danish brewer Carlsberg (CARLb.CO) lifted its full-year outlook on Wednesday, citing execution of its efficiency programme and after a warm summer in Western Europe helped sales, ...
COPENHAGEN (Reuters) - Carlsberg (CARLb.CO) said on Wednesday it will increase capacity its Kronenbourg brewery in Obernai, France, its largest in Europe, with a 100 million euro ($117 million) investment. ...
Danish brewer Carlsberg (CARLb.CO) raised its full year profit outlook on Thursday after second-quarter sales beat forecasts on growing demand for its expensive beers in China and strong sales in Russia during the World Cup. Carlsberg, the world's third-largest brewer behind Anheuser Busch InBev (ABI.BR) and Heineken (HEIN.AS), turned more positive on its 2018 outlook after a successful strategy to focus more on premium beers, especially in China, in the first half of the year.