Carlsberg Q2 profit misses estimates

Carlsberg has reported second-quarter profits that missed estimates as unseasonably wet weather stunted sales in Europe and the company increased advertising spending.

Earnings before interest, tax and some one-time items fell 6.1% to 3.47 billion kroner (€455m), the Copenhagen-based brewing company said.

That missed the 3.9 billion kroner average estimate of 13 analysts surveyed by Bloomberg.