Wednesday, May 9, 2012

Russian Market - Carlsberg In Q1 $13 Million Loss As Russia Weighs - News

COPENHAGEN, Denmark (AP) Danish brewer Carlsberg claimed a first-quarter net deprivation of 76 thousand kroner ($13.3 million) when profits ended up depending flat increase as well as de-stocking in Russia.

The loss, reported Wednesday, contrasts using a 173 trillion kroner earnings throughout the identical period of time very last year.

However, sales revenue in the period appeared to be up a little during 12.9 thousand kroner ($2.3 billion) out of 12.5 billion kroner per annum earlier.

Carlsberg CEO Joergen Buhl Rasmussen says the effect was in series having expectations after a "traditionally small quarter," when overall draught beer income dropped 4 percent.

Rasmussen said your Copenhagen-based company will enhance efficacy and also focus about primary brands, like Tuborg, and also push into brand new growth areas such as China.

"We will be adding essential resources at the rear of this Euro 2012 sponsorship, that can end up being a key element car owner guiding the actual assist in the repositioning along with the growth regarding the particular Carlsberg brand inside 2012," Rasmussen said, talking about upcoming month's European basketball tournament.

Carlsberg reaffirmed it's outlook, along with "low decline" around northern along with european Europe and also the Russian current market "reverting in order to modest growth."

In Asia, when dark beer quantities became by means of 26 p'cent while in the first quarter, Carlsberg said the idea needs carried on growth," but gave zero figures.

The organization introduced the particular Tuborg company throughout China in April included in this "fast growing high quality category" in that country, in addition as in India.

The Carlsberg Group engages a number of 41,000 people today throughout the world together with solutions sold within a lot more than a hundred and fifty countries. Last year, them marketed 34 million containers regarding beer.

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Online:

w.carlsberggroup.com.

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