Carlsberg 3Q Profit Misses Estimates

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Nov. 13 (Bloomberg) –- Bloomberg’s Ryan Chilcote reports Carlsberg earnings which saw Asia beer volumes up 1%. He speaks to Mark Barton and Anna Edwards on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Carlsburg.

They are changing the forecast for russia.

Many people thought they might do that.

That is not entirely unexpected.

The second time they have done that this year but they have not changed their full-year forecast for profit create keeping that under 10 billion danish krone.

A mixed bag when it comes to the earnings themselves.

A narrow miss when it comes to sales for the last two months for the nine months and also narrow miss.

The economic drop continues to weaken.

The plan seems to be is to push further east.

That appears so.

They announced that they have a new vice president in charge of asia.

The carlsberg foundation will be diluted to below 25% they brought the british brewer.

Scottish and newcastle.

The company has not suggested that.

They have suggested they want to increase their stakes in some of the [inaudible] they have in china.

In western europe, beer volumes are declining.

In places like eastern europe they are increasing but not as much as people would like.

Something like three percent.

Let's get up to date on what

This text has been automatically generated. It may not be 100% accurate.

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