Support The Moscow Times!

Carlsberg Ups Market Share

Danish brewer Carlsberg reported a 10 percent increase in quarterly operating profit and said it stood by its full-year outlook after gaining market share in Russia.

"It is particularly positive to report that we are back on a growth trend in Russia," chief executive Jorgen Buhl Rasmussen said Wednesday.

The world's fourth-largest brewer said Wednesday that its market share in the competitive Russian market, where its brands include market leader Baltika, rose to 38.9 percent in the third quarter from 37.9 percent in the April-June period.

(Reuters)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.