Carlsberg, the Western brewer most exposed to the Russian market, joined rivals Anheuser-Busch and Heineken in seeking to withdraw after Moscow invaded Ukraine on February 24.
"Our calculations brought us to a certain valuation in the market. The question of course is whether we can get that valuation. That is difficult to assess," Hart said."Of course there are risks associated with this unprecedented situation." Hart also said it had reopened its Ukrainian breweries in Kyiv and Lviv, although they were not running at full capacity.The world's third-biggest brewer said sales in the first quarter rose 27% to 14.9 billion Danish crowns . The numbers did not include sales in Russia.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kerry Group reaffirms full year earnings guidanceKerry Group said its Taste & Nutrition division saw overall volume growth of 6.8% with strong growth across many developed markets in the first quarter, while Dairy Ireland saw volume growth of 0.7%.
Source: RTEbusiness - 🏆 16. / 61 Read more »