Carlsberg lowers profit outlook on fall in Russian sales


  • Business
  • Wednesday, 20 Aug 2014

Carlsberg expect sales in the second half of the year, as well as in 2015, to decline with the dim outlook of Eastern European economies, and especially with the uncertainties in Russia - EPA Photo.

COPENHAGEN: Danish brewer Carlsberg cut its annual profit guidance on Wednesday and said economic uncertainty in Russia, its biggest market, could prompt it to close some breweries.

Clouds over the outlook in some parts of Eastern Europe had cut consumption of beer, the company said.

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