Carlsberg warns of flat sales amid Russia sanctions and new drinking laws — theguardian.com

Carlsberg has warned that problems in Russia will harm its profits more severely than previously thought. The Danish brewer, which earns around one-third of its profits from Russia's bestselling Baltika brand, said Russian sales were likely to fall in the second half of the year, as distributors cut back their orders. "Unfortunately, we believe the eastern European beer markets will be impacted further as consumers are facing increased challenges and this will impact the group's profits negatively this year," said Carlsberg chief executive, Jørgen Buhl Rasmussen.

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