Carlsberg A/S, the maker of Tuborg beer, reported first-quarter sales that disappointed investors as it offered a gloomier outlook for eastern Europe and Asia. (more…)
Danish brewer Carlsberg A/S on Wednesday said sales fell more than expected in the first quarter due to decline in the Chinese market and foreign exchange fluctuation.
Sales fell 3 percent to 13.01 billion Danish crowns ($1.99 billion), missing the 13.18 billion crowns average of 14 analyst estimates compiled by Thomson Reuters. The negative impact from foreign exchange amounted to 5 percentage points, the brewer said. (more…)
How would you like to enjoy the smooth sensation of freshly tapped beer anytime and anywhere?
Now, with Carlsberg’s latest innovation, Carlsberg Smooth Draught, you can – the only difference being the fact that it’s now in a bottle.
It is now available in a familiar looking green bottle with a white label with hints of silver instead of the brand’s iconic green. (more…)
Brewers and distillers in the Aurangabad belt of Maharashtra are expected to slash production, in the wake of the Bench of the high court directing the state government to impose a 60 per cent water cut on them between April 27 and June 10. (more…)
Beer companies may have to adopt a different approach to target further growth in the Malaysian market amid the extremely difficult operating environment surrounding the industry currently. (more…)
Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) expects a tough year in the financial year ending Dec 31, 2016 (FY16), given the slower economic growth in Malaysia and Singapore compounded by the increase in the excise duty. (more…)
In 2015, brewers of Kazakhstan cut the production by 3% to 47.7 mln dal of beer. The dynamics of beer production was very uneven throughout the year. The second quarter of 2015 was a disaster for all Kazakh brewers. And in the fourth quarter, in November and December, the production grew unexpectedly. Such fluctuations are difficult to explain with market reasons. That is why we tried to analyze even the impact factors that run beyond the frames of the official statistics.
The beer production increased by 7.19% and reached 325.7 million liters. Company’s beer sales were estimated at 325.1 million liters, that is 6.78% more than in 2014. (more…)
Heineken NV reported beer shipments that rose at more than double the rate analysts expected thanks to growth across Asia and Latin America, sending the shares up as much as 4.6 percent. (more…)
The Maharashtra government is considering a proposal to stop the supply of water to breweries and distilleries in Aurangabad district due to severe shortage of water, a senior official at the water works department said, on the condition of anonymity. (more…)