Strong performances in the UK and Poland helped Carlsberg gain market share in Western Europe over the third quarter.
But profits for the three months to 30 September still fell by 20% to DKK3.28bn (£377m), the Danish brewer announced today, as the overall beer market in Europe continued to decline.
Revenues for the year to date were up 4% to DKK48.7bn (£5.58bn) and beer volumes grew by 2% over the same period, with the extra volumes driven primarily by rapid growth in Asia.
"2011 has been a challenging year and we have faced headwinds from rising input costs, adverse weather conditions and soft trading conditions in our largest market,” said chief executive Joergen Buhl Rasmussen.
“While we have been trying to compensate for the negative impact of these challenges through continued focus on driving efficiency in all that we do, we have at the same time kept our focus on profitable development by balancing volume and value growth.”
Price hikes help AB InBev grow quarterly profits (9 November 2011)
Focus On Alcoholic Drinks (8 October 2011)