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. Last Updated: 07/27/2016

Carlsberg Cuts 2009 Forecast

Carlsberg on Wednesday cut its full-year sales forecast, saying the Russian market will contract more than it expected this year.

Russia’s plan to triple the excise duty on beer in 2010 will “clearly affect the beer market negatively,” the brewer said. The company said it boosted its market share in the country to 40.9 percent from 38.7 percent.