Carlsberg To Boost Russian Operations As Profit Surges

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Brewer Carlsberg A/S said Monday, as it reported a sharp rise in fourth-quarter net profit, that it will spend a up to DKK6.5 billion ($1.16 billion) to gain full control of brewer Baltika Brewery in a bid to swing its ailing Russian business back to growth. (more…)

Price hikes spell AB InBev Q3 hit, Carlsberg miss

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Anheuser-Busch InBev (ABI.BR) and Carlsberg (CARLb.CO) showed sharply contrasting fortunes in the third quarter, the former persuading U.S. and Brazilian beer drinkers to swallow higher prices while the latter suffers a tax-rise hangover in Russia. (more…)

Russian market hammers Carlsberg

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The Russian market continued to hammer Carlsberg as the brewer reported a 20 per cent slump in organic operating profits to DKr3.3bn ($604m) in the third quarter. (more…)

Belarus Urges Russia to Recognize Beer Non-Alcoholic Drinks

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Belarus insists on Russia’s no longer equating beer to alcohol. These conditions were laid down by Belarus during the negotiation of a draft technical regulation “On the security of alcoholic beverages,” planned within the Customs Union. (more…)