With the worst of weakness in the Russian beer market behind it, Carlsberg expects this year to be less challenging than last and will continue its push into fast-growing Asia.
Group beer volumes declined 2 percent last year, driven by a 3 percent fall in Western Europe and a 5 percent drop in Eastern Europe.
Difficulties in Russia such as the slowing economy and laws banning the sale of alcohol from street kiosks, led to the beer market in the country declining 8 percent.
But Jørgen Buhl Rasmussen, CEO of Carlsberg Group, told CNBC in a TV interview on Wednesday that he is optimistic about the Russian market.
(Watch more: Carlsberg CEO:Asia Will Deliver Strong Growth)
"I'm feeling very good about our performance in Russia in a difficult environment. If you look at our performance, we have grown market share, we have improved mix in terms of getting more and more premium products out to the consumer. We are doing a lot of the right things in a very challenging market," Rasmussen said.
"I am certainly a lot more hopeful about the Russian beer market going forward. We still expect 2014 to be fairly challenging but a lot less than 2013."