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Copenhagen - Danish brewer Carlsberg slightly lagged operating profit and revenue forecasts in the second quarter after strong Asia growth failed to compensate for sluggish mature European markets.
The brewer kept its 2013 financial guidance unchanged but cut its Russia beer market growth outlook to a mid-single- digit percentage decline from earlier forecasts for a flat market as consumer sentiment remains subdued.
Operating profit (EBIT) before special items fell slightly to 3.44bn Danish crowns ($615.76m) in the April to June quarter, compared with 3.47bn a year earlier and below an average forecast for 3.58bn in a Reuters poll of analysts .
Eastern Europe sales fell slightly in the quarter while revenue in Asia grew by 10%, lagging average forecasts in the poll.
The brewer reiterated its full-year financial guidance for an operating profit of around 10bn crowns and mid-single-digit percentage growth in adjusted net profit from last year's 5.50bn.
The brewer kept its 2013 financial guidance unchanged but cut its Russia beer market growth outlook to a mid-single- digit percentage decline from earlier forecasts for a flat market as consumer sentiment remains subdued.
Operating profit (EBIT) before special items fell slightly to 3.44bn Danish crowns ($615.76m) in the April to June quarter, compared with 3.47bn a year earlier and below an average forecast for 3.58bn in a Reuters poll of analysts .
Eastern Europe sales fell slightly in the quarter while revenue in Asia grew by 10%, lagging average forecasts in the poll.
The brewer reiterated its full-year financial guidance for an operating profit of around 10bn crowns and mid-single-digit percentage growth in adjusted net profit from last year's 5.50bn.
