Carlsberg share price falls as Asian woes intensify

Shares in Carlsberg fell by over 3% yesterday as the Danish brewing giant said sales fell more than expected in the first quarter due to decline in the Chinese market and foreign exchange fluctuation. 

The company’s shares are down by nearly 2% on this time last year.

Sales fell 3% to 13.01 billion Danish crowns (€1.75bn), missing the 13.18bn crowns analyst estimate.