Carlsberg raises guidance after beating quarterly expectations

Carlsberg Chief Executive Cees 't Hart

COPENHAGEN: Danish brewer Carlsberg raised its full-year earnings guidance on Wednesday after reporting second-quarter sales above expectations but warned that severe coronavirus restrictions in Asia could hit sales.

The world's third-biggest brewer said beer volumes in key markets China and Russia had risen to "well above" pre-pandemic levels while European markets such as France, Switzerland and Sweden remained below levels achieved before the coronavirus crisis.