Carlsberg’s Q4 sales miss expectations

Russia is the main market in Carlsberg’s Eastern Europe region that provides around a fifth of the brewer’s sales Carlsberg said today that its sales fell and it missed expectations in each of its three regions in the fourth quarter. Sales in Eastern Europe fell 2.5% to 2.33 billion Danish crowns, the world’s third largest brewer said in a trading statement today, compared with analyst expectations for a 7% gain.