 Carlsberg says it is brewing better full-year results |
Danish brewer Carlsberg has reported lower than expected first-quarter profits, but insists it is still on schedule to hit its full year target. For the first three months of 2004, its pre-tax earnings rose to 154m Danish crowns (�14m; 20.7m euros), below the market expectation of 186m crowns.
Carlsberg's total beer sales for the period rose 4% on the same period in 2003, to 16.8m hectolitres.
It repeated its full-year pre-tax forecast of 3.5bn to 3.7bn crowns.
In January Carlsberg bought German brewer Holsten for 500m euros.
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