Organically, meaning acquisitions and mergers are not included, the group's beer volumes fell one percent as they gained five percent in western Europe and four percent in Asia. Earnings before interest, tax and special items rose 46 percent from a year ago to 661 million kroner, which was higher than the 562 million kroner consensus of analysts surveyed by news agency Ritzau.
The net loss for the period widened to 90 million kroner from 67 million, as revenue grew four percent to 13.471 billion, also slightly ahead of expectations. The group reiterated that for the full year it expects operating profit to grow organically "by mid to high single digit percentages."
Shares in Carlsberg were 4.9 percent lower in midday trading on the Copenhagen bourse, where the main index was 1.7 percent lower.Image via Thinkstock