Carlsberg and InBev tap sales increase

A rebounding European beer market is buoying Anheuser-Busch InBev and Carlsberg, lifting demand for mainstream brands such as Stella Artois and Tuborg.

The UK return of InBev’s Bud Light is fueling sales in western Europe, while Carlsberg’s low-alcohol beer brand Nordic is driving sales in Scandinavia, the companies said separately.

“Europe is definitely picking up for all the beverage alcohol companies as consumer spending is starting to rise in most of the region,” said Trevor Stirling, an analyst at Sanford C Bernstein.