Carlsberg Raises Year-End Outlook On Above Consensus Q2

In a development that emphasises the ongoing pickup in consumer confidence in Russia that BMI has been highlighting, Carlsberg has raised its year-end volume guidance after reporting above-consensus Q2 (to June 30 2010) data. Supported by a better than expected second quarter, the Russian beer market contracted by 9% year-on-year (y-o-y) in H1.

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