Carlsberg Cuts Forecast As Russia Decline Hurts Earnings
date:May 08, 2014
to 453 million kroner, Carlsberg said. Sales rose 1.5% to 12.9 billion kroner as acquisitions helped offset the effects of currency shifts in Russia, Ukraine, Norway, Malaysia and Indonesia. The adjusted net loss was 50 million kroner compared with year-earlier profit on that basis of 95 million kroner.

Industry Revenue

Carlsberg stuck to a forecast for healthy beer-industry revenue growth in Russia for this year. The company also reiterated a prediction that group organic operating profit, wh
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