Great results from Carlsbergtől

Danish Carlsberg doubled its profits in the first quarter of the year. World’s fourth largest brewing industry group owes its success to the increase in sales in Eastern Europe.

The company increased its market share in the region. The operating profit increased to 788 million DKK (142 million USD) in the first quarter of the year from 388 million a year earlier, slightly above the expectations. The result was improved by cost-saving measures too, and the fact that Carlsberg in last April bought the half of the British company ‘Scottish and Newcastle’ including Baltika, which is the largest brewery in Carlsberg’s main market, Russia. The company’s profit rate increased to 6.7 per cent from 4.1 percent from last year. In Eastern Europe, the rate was 20.1 percent.