RBC daily: Carlsberg sales affected by Baltika
It is quite clear after the publication of Carlsberg’s quarterly report for the third quarter of 2011 why the concern decided to appoint a new head for its Russian asset Baltika Beer Company. In the said quarter, Carlsberg’s in-kind sales dropped by 3%, its revenues decreased by 1.5%, and its operational profits declined by 21%. The brewery blames the Russian market for this, as the sales plunged by 15% there and Baltika’s share of the market shrank by 2.5% and came to 36.8%, RBC daily reports.
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