Carlsberg reported a 6.5% rise in half-year sales on Thursday, as the Danish bre...
) reported a 6.5% rise in half-year sales on Thursday, as the Danish brewer sold more expensive beer and its operating margins improved despite continued challenges in Russia.
The brewer posted improved earnings but saw declining sales in Russia, its key market, due to tough competition and price hikes at the beginning of the year leading to a loss of market share.Asia, the brewer’s fastest-growing market, delivered organic net revenue growth of 15%, lifted by 8.5% volume growth and increased sales of premium brands, even though the Chinese market declined slightly, the company said.
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