Carlsberg Reports Slow Q3 Sales Growth

Carlsberg reported a 1% increase in third-quarter sales to 20.5 billion Danish crowns ($2.98 billion), despite facing lower beer volumes in key markets such as China, France, and the UK. The company attributed its performance to a challenging consumer environment and adverse weather conditions but noted that it achieved volume and revenue growth in most markets. For the full year, Carlsberg maintains its organic operating profit growth forecast of 4% to 6%, having previously raised its guidance in August. The company also announced plans for the acquisition of Britvic and a buyout of Marston's to create an integrated UK beverage company, enhancing its partnership with PepsiCo. Overall, while the quarter was tough, Carlsberg's performance remains stable amidst ongoing market challenges.