ENOV, FFIV, and CABGY have been added to the Zacks Rank #5 (Strong Sell) List on May 5, 2022
Carlsberg said its beer sales in Poland fell by 3-4% in March and have continued to drop in April, underlining the troubles facing brewers in a market which has been declining as consumers switch to wine and spirits. The Danish brewer's chief executive Cees't Hart said the trend has been exacerbated this year by an additional excise tax, inflation and since February the refugee crisis precipitated by Russia's invasion of Poland's neighbour Ukraine. Almost 3 million Ukrainian refugees have entered Poland in less than two months, with the population of Warsaw alone growing by around 15% since Moscow began what it calls a "special military operation" in Ukraine on Feb. 24.
Carlsberg expects to focus more on growth in its Asian business after the brewer's decision to sell the Russian assets, CEO Cees 't Hart says in an interview with Bloomberg TV's Anna Edwards and Mark Cudmore.