Carlsberg Q1 sales weighed by Russian market; keeps 2018 outlook

  • First-quarter sales came in at 12.70 billion crowns ($2.06 billion), below the 12.89 billion forecast in a Reuters poll of analysts.
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Carlsberg's first-quarter sales fell 5 percent, weighed by a negative currency impact and lower volumes in the key Russian market where its market share continued to decline, the Danish
brewer said on Tuesday.

First-quarter sales came in at 12.70 billion crowns ($2.06 billion), below the 12.89 billion forecast in a Reuters poll of analysts.

The company, which did not disclose earnings figures, said it still expected mid single-digit organic growth in operating profit this year.