Carlsberg sees profits fall
13 April 2012
DANISH brewer Carlsberg, which last month launched a shock £740m takeover of Germany's Holsten, today reported stronger than expected full-year results after a successful final quarter.
But, during a period of restructuring, the group's pre-tax profits fell from 2.9bn kronor (£261.4m) to 2.7bn kronor.
In Britain, Carlsberg lager increased its sales by 13%, while Tetley's bitter held steady.
Carlsberg's holding company also today announced a deal to buy out Danish conglomerate Orkla's 40% stake in the brewery for £1.3bn. Orkla took the stake as part of a brewing co-operation agreement that has been running since 2000.
