Carlsberg revenues rise 3% in Q4
date:Feb 19, 2013
ed by 4% (Q4: flat), impacted negatively by stocking movements.

Strong Asian organic volume growth of 9% (Q4: +4%); including acquisitions, volumes were up 19%.

Driven by strong commercial execution, Western Europe delivered solid volume and value market share growth.

The Russian market share returned to a positive trend and was flat y/y, with the Q4 share up y/y by 110bp to 38.3%.

The company further improved our market share across Asia with particularly strong volume growth in India, C
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