“Very bad weather” has hit volumes and profits at brewing giant Carlsberg.
It reported a 5% drop in volumes in Northern and Western Europe in the second quarter, and by 3%-4% for the first half of the year.
Operating profits were DKr3.47bn, a 6% decline on the same quarter last year.
“Sales and marketing investments were more skewed towards the first half of this year which, combined with the very bad weather in Northern and Western Europe, impacted profits for the first six months,” said CEO Jorgen Buhl Rasmussen.
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