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Deteriorating Beer Markets in Eastern Europe Will Adversely Impact Carlsberg
date:Aug 25, 2014
Carlsberg Group expects the continuing challenging economic conditions in some countries in Eastern Europe and destocking among distributors in Russia, a major market for the Danish brewer, to adversely impact its second half financial performance. Carlsberg expects reported adjusted net profit to decline by mid- to high-single-digit percentages (previously low-single-digit growth). Reported operating profit is expected to decline low- to mid-single digit percentages versus last year (previously

12/21 20:43