Carlsberg’s (OMX: CARL A, OMX: CARL B) stock market price was negatively affected this summer as more regulations on selling beer and excise taxes were hitting consumer demand for the company’s products. Now the situation appears to be stabilizing and Carlsberg’s CEO Jorgen Buhl Rasmussen told newspaper Jyllands-Posten last week that the mood on the field in Russia is turning very positive.
Reuters also interviewed CEO Rasmussen recently and he said that Carlsberg now foresees growth in Russian beer market and an increased market share for Carlsberg in 2012. Other Eastern European markets are expected to show growth as well whereas mature Western European and Nordic markets might prove challenging. Russia accounts for around 1/3th of Carlsberg’s sales and the stock has gained around 10% in the last few trading days.
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