The Russia-Ukraine conflict is showing up in the financial reports of more European companies. Danish beer maker Carlsberg said on Wednesday that revenue in its Eastern Europe operating segment fell 20% in the second quarter as total volumes decreased 12%. Shares of Carlsberg listed in New York were down more than 3% on Wednesday following the news. In a release, Carlsberg said: “The value of the Russian beer market grew in the first six months while market volumes declined by an estimated 6-7% due to the uncertain macroenvironment, weak economic development and bad weather, particularly in June.” The company …read more
Source: Business Insider
