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Carlsberg’s Russian Sales ‘Higher Than Predicted’

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Carlsberg’s sales in Russia for the fourth quarter of 2009 are to be higher than previously expected, the company has announced.

Russian beer excise duty is to increase 200 per cent from the start of next year, causing Russian Carlsberg fans to stock up on their favourite beer this month.

Carlsberg expects that this will increase its operating profit by around DKK300 million (£35.8 million).

The company said that this, in turn, will push its operating profit for the year to “at least DKK9.3 billion” (£1.1 billion), which is DKK3 billion more than previously predicted.

A negative impact of the recent stock-building is expected in the first quarter 2010.

Carlsberg also announced yesterday (December 17th) that it is still seeking partners for the development of its Valby site in Denmark and that it does not expect a solution to have been found until next year.

Earlier this month the company announced it is to concentrate future UK production in Northampton and is, therefore, to expand its brewery in the city.

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Monday, November 20, 11:55 am

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