Carlsberg warns its beer sales in UK have gone flat
Beer giant Carlsberg said UK beer sales slumped in the first six months of the year as the group warned that full-year profits would be lower than expected.
The Danish firm said UK sales by volume fell 6% year-on-year in the first half, which it estimated was worse than the 4% decline suffered by the British market as a whole.
It blamed tough comparisons with last year's World Cup in Brazil, and bad weather, particularly in the second quarter.
The firm, which also brews Kronenbourg and Somersby cider, said group-wide interim pre-tax profits dropped 21% to 2.5bn Danish crowns (£238m) as sales volume falls in Eastern Europe and a flat performance in Western Europe offset rises in Asia. It said Western European volumes were broadly flat on a year ago impacted by poorer weather and the World Cup, while Eastern Europe saw volumes tumble by 18% as a deteriorating economic environment squeezed spending.