Carlsberg Still Confident of Russia Growth After Third-Quarter Downturn

Carlsberg still confident of Russia growth after third-quarter downturn
Filed under: Alcohol Abuse

Danish brewer Carlsberg A/S (CPH:CARL B) is confident of a return to growth in key market Russia after regulations to curb alcohol abuse dented third-quarter results, although western European markets may not pick up for a year or two. Posting a 4.7 percent drop in quarterly operating profit on Wednesday, the world's fourth-biggest brewer whose brands include Baltika, Tuborg and Kronenbourg said …
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